Archer Daniels Midland Archives - Page 3 of 6

ADM to combine grain trading, oilseed businesses

By GFM Network News, Reuters May 29, 2019

Chicago | Reuters — Global grains trader Archer Daniels Midland said Wednesday it will consolidate five business units into four in the company’s second reorganization in just over a year as adverse weather and a U.S.-China trade dispute threaten profits. ADM will combine its grain trading and oilseeds segments into a new business unit called

Crops

ADM says to seek early retirements, may cut jobs

By GFM Network News, Tom Polansek April 11, 2019

Chicago | Reuters — U.S. grain trader Archer Daniels Midland said on Wednesday it will seek voluntary early retirements by some North American employees and may eliminate individual jobs as part of a restructuring of specific areas. The actions are needed to strengthen ADM’s core business and establish the company as a global leader in

Crops, Weather

ADM says U.S. floods to cut into Q1 operating profit

By GFM Network News, Reuters March 26, 2019

Chicago | Reuters — Flooding and severe winter weather in the U.S. Midwest will reduce Archer Daniels Midland’s first-quarter operating profit by US$50 million to $60 million, the U.S. grains trader said on Monday. Record floods have devastated a wide swath of the farm belt across Iowa, Nebraska, South Dakota and several other states. The

ADM earnings double, helped by U.S.-China trade row

By GFM Network News, Tom Polansek July 31, 2018

Chicago | Reuters – Archer Daniels Midland Co’s net profits doubled in the second quarter and beat Wall Street estimates, after a drought in Argentina and the U.S.-China trade spat boosted the U.S. grain merchant’s trading and oilseed processing businesses. Shares were up 1 percent at $47.86 after touching a three-year high on the New

Comment

Dwayne Andreas, the FBI, and me

By Alan Guebert December 7, 2016

Dwayne Orville Andreas, the pocket-sized hurricane that built a sleepy soybean processor, Archer Daniels Midland Co., into a global giant, died Wednesday, Nov. 16, in a Decatur, Ill. hospital. He was 98. Andreas’s career was as long and profitable as it was remarkable and jaded. Just last week someone again asked me if it was

Comment

Dwayne Andreas founded the ‘Supermarket to the World’

Former ADM chairman used his connections to build the world’s largest grain and oilseed processor

By John Morriss November 29, 2016

Last week’s passing of former Archer Daniels Midland CEO Dwayne Andreas at age 98 serves to remind of his remarkable success and his influence on the world grain trade, including here in Canada. In 1993, Andreas was in Winnipeg to receive an International Distinguished Entrepreneur Award from the University of Manitoba. A few journalists got

Crops

ADM profit jumps on higher U.S. grain exports

By GFM Network News, Karl Plume November 1, 2016

Chicago | Reuters — U.S. agricultural products trader Archer Daniels Midland on Tuesday reported a far better-than-expected third-quarter profit as higher U.S. exports of corn and soybeans boosted volumes and margins, sending shares up sharply. U.S. farmers have nearly completed what is expected to be the largest corn and soybean harvests on record, which should

News

New EPA biofuel targets dent corn’s demand prospects

By Gavin Maguire November 27, 2013

At the very least, lower usage targets for both ethanol and other biofuels are  expected to reduce interest in expanding production in the sector

Many corn traders tried to shrug off the U.S. Environmental Protection Agency’s proposal to trim the U.S. renewable fuels usage targets for 2014 and 2015, noting that U.S. ethanol production is driven more by operating margins than government-mandated blending requirements and is likely to remain high as long as ethanol makers can make profits. But

Crops, News, Weather

Ethanol maker plans controversial water wells to maintain production through drought

By P.J. Huffstutter March 28, 2013

Reuters / In a bid to churn out ethanol even in the worst of droughts, Archer Daniels Midland Co., the nation’s largest producer of corn-based biofuel, is preparing to break ground on two new water collector wells to aid a key Illinois corn-processing plant. The 40-foot collector wells, to be dug on the company’s property

Crops, News

ADM to shut Medicine Hat flour mill

By Manitoba Co-operator Staff February 22, 2013

Archer Daniels Midland is set to permanently close its century-old Medicine Hat, Alta. flour mill at the end of May. The Chicago-based food firm quietly announced Jan. 31 it would close the former Ogilvie Flour Mills plant and supply the plant’s customers from its “larger, more centrally located” flour mill at Calgary. The decision followed

Daily Network News

U.S. livestock: CME cattle tick lower in thin pre-holiday trade

U.S. grains: Wheat extends gains on short covering, war risk

Prairie forecast: Plenty more chances for snow over Holidays

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