Archer-Daniels-Midland posted its lowest second-quarter profit in five years on Tuesday as U.S. trade upheaval and uncertainty around biofuel policies slowed sales and crimped trading and crop processing margins.
Tag Archives adm
ADM Q2 profit falls to 5-year low amid trade turmoil
ADM sets off ‘frenzy’ in US soybean market ahead of new biofuel blend rule
U.S. officials are expected to propose biofuel blending requirements below industry recommendations
Archer-Daniels-Midland, a major U.S. soybean crusher and biofuel producer, slashed its bids to buy the oilseed this week ahead of an expected Trump administration announcement on biofuel blending requirements, a primary driver of demand for soybean oil - and a prospective source of demand for Canadian canola.
ADM closing soybean processing plant in Kershaw, South Carolina
Grains merchant Archer-Daniels-Midland will permanently close its soybean processing plant in Kershaw, South Carolina, later this spring as part of a cost-cutting and consolidation push announced earlier this year.
ADM halting domestic trading in China, cutting jobs in Shanghai
Global grain merchant Archer-Daniels-Midland has begun shutting down domestic trading operations in China and laying off staff within its largest business segment as part of a global cost-cutting push, the company said in an emailed statement on Monday.
U.S. grain trader ADM appoints Cuddy as President, North America
U.S. grain trader Archer Daniels Midland Co has appointed Christopher Cuddy as president for North America, according to a source and an internal memo seen by Reuters on Wednesday.
ADM cuts jobs in grain trading division, sources say
U.S. grains merchant Archer-Daniels-Midland is making a fresh wave of job cuts this week at its largest unit, the grain trading and oilseed processing division, according to three sources briefed on the matter.
ADM quarterly profit falls on weak crush margins, announces layoffs
Chicago | Reuters – Grains merchant Archer-Daniels-Midland ADM.N reported a drop in fourth-quarter profit on Tuesday, pressured by weak oilseed crush margins and uncertainty over U.S. biofuel policy, and said it would be laying off up to 700 employees globally this year. Chicago-based ADM said it aimed to cut costs by $500 million to $750 […] Read more
ADM taps industry veteran to lead accounting amid irregularities
Grains trader Archer-Daniels-Midland on Wednesday named Carrie Nichol as its chief accounting officer, effective March 1, 2025, as the company continues to grapple with accounting irregularities.
ADM declares force majeure along US Gulf terminals, Bloomberg News reports
Global grains trader ADM has halted loading of grain vessels and declared a force majeure at U.S. Gulf terminals as the region faces a severe winter storm, Bloomberg News reported on Wednesday.
ADM shareholder presses CEO to resign as criminal probe continues
A shareholder of agribusiness Archer-Daniels-Midland is pressing the company's CEO to resign for failing to clearly tell investors about problems with its internal accounting practices that have sparked a criminal investigation first reported by Reuters.
Cyber-Savvy Farmer
