(Marathonpetroleum.com)

Fuel firm Marathon buys in on ADM soy crush plant

Marathon to process biodiesel from North Dakota plant's soy oil

Reuters — Marathon Petroleum and ADM announced on Thursday a joint venture to produce soybean oil that will be exclusively sold to Marathon for its renewable diesel plant. Refiners are on the hunt for secure access to feedstocks for renewable fuels amid supply constraints and soaring prices for fats, greases and oils. A joint-venture soybean

The Archer Daniels Midland Co. (ADM) logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2018.
 Photo: REUTERS/Brendan McDermid

ADM quarterly profit surges amid strong U.S. corn exports to China

Reuters – U.S. grain merchant Archer-Daniels-Midland Co on Tuesday reported quarterly profit leapt 52 percent due to strong exports and oilseed crushing margins. The bigger-than-expected earnings sent shares to a two-week high and extended a recovery from the COVID-19 pandemic, which last year hurt demand for the company’s ethanol and food products. Shares were up


(ADM.com)

ADM to crush soybeans in North Dakota

Ex-Cargill Malt plant to be redeveloped

A former malt processing plant in eastern North Dakota is set to be the site of the state’s first soybean crushing plant. U.S. ag processor ADM, the ‘A’ of the four ‘ABCD’ companies that dominate global grain trading, announced Monday it will spend about US$350 million to develop a dedicated soybean crush plant and refinery

CBOT March 2021 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn soars four per cent on fresh sales to China

Chicago soy, wheat also climb

Chicago | Reuters — U.S. corn futures surged four per cent on Tuesday as news of fresh export sales to China re-ignited concerns about tightening U.S. and global grain supplies, analysts said. Soybeans followed corn higher, with worries about a slow start to the Brazilian soy harvest lending support. Wheat firmed on supply concerns and


(Innovafeed.com)

ADM, InnovaFeed to build world’s biggest insect protein plant in Illinois

Chicago | Reuters — U.S. grain trader and processor Archer Daniels Midland and French biotech company InnovaFeed announced plans on Thursday to build the world’s largest insect protein plant at Decatur, Illinois. The announcement comes amid rising global feed grain prices and tightening supplies, and as more companies work toward reducing the carbon footprint of

(ADM.com)

ADM beats profit estimates but revenue disappoints

Reuters — Global grains trader Archer Daniels Midland beat Wall Street estimates for quarterly profits on Thursday, helped by strength in its grain milling and nutrition businesses. Still, revenue missed analysts’ expectations and net earnings attributable to the company were 44 per cent lower than a year earlier. Shares were down nearly three per cent


Among its other uses, wheat gluten goes into the making of plant-based meat analogues. (Romualdo Crissi/iStock/Getty Images)

Feds to probe complaints of wheat gluten dumping

New duties on six countries' gluten imports might follow

Federal officials are launching a probe into whether wheat gluten from six countries is being dumped in Canada at prices undercutting the domestic product. The Canada Border Services Agency (CBSA) said Friday it’s launching an investigation to determine whether “certain wheat gluten” from Australia, Austria, Belgium, France, Germany and Lithuania is being sold at “unfair




CBOT July 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn, soybean futures down off gains

Chicago wheat also weak

Chicago | Reuters — U.S. corn and soybean futures fell on Friday after three straight days of gains as investors took some risk out of the market due to demand uncertainty stemming from the global coronavirus pandemic, traders said. Wheat futures also were lower, with forecasts for some rain in key production areas of Europe