CHICAGO, Ill. (Reuters) — Archer-Daniels-Midland Co. beat Wall Street expectations for third-quarter profit on good ethanol and sweetener margins and strong Brazilian crop exports, though results were lower year-on-year. The company said it was raising its full-year earnings outlook after a strong first three quarters and a favourable market environment. ADM has capitalized on good […] Read more
Tag Archives Archer Daniels Midland — page 3
Canadian canola joins regenerative ag program
The rubber is finally hitting the road for farmers wanting to get paid for their conservation practices, says an industry executive. “There is now a market force here that’s driving a bunch of different programs to get off the ground,” said Kurt Alles, head of sustainable business at Farmers Business Network (FBN). The company is […] Read more
Feds should step up and buy Viterra
Just four companies known as the ABCD group control 90 percent of the world grain trade, and the B in this group is about to get much bigger. B is for Bunge, which has announced it is buying Viterra. The other ABCD companies are Archer Daniels Midland, Cargill and Louis Dreyfus. Viterra, a subsidiary of […] Read more
ADM profit disappoints market
Demand for vegetable oils has soared as biofuel makers have expanded capacity to produce renewable diesel.
But weaker-than-expected oilseed crushing margins in key markets worried some investors.
