40.60 +0.16 (0.40%)
After hours: 6:09PM EDT
|Bid||40.00 x 800|
|Ask||40.95 x 800|
|Day's Range||39.44 - 40.57|
|52 Week Range||28.92 - 47.20|
|Beta (5Y Monthly)||0.95|
|PE Ratio (TTM)||14.87|
|Earnings Date||Jul. 29, 2020|
|Forward Dividend & Yield||1.44 (3.62%)|
|Ex-Dividend Date||May 19, 2020|
|1y Target Est||47.33|
Green Plains Inc, one of the biggest U.S. ethanol producers, sued Archer Daniels Midland Co on Tuesday, accusing the global grain trader of manipulating the price of the biofuel to profit from its positions in the derivatives market. Green Plains filed the proposed class action with the U.S. District Court of Nebraska, where it also claimed that senior ADM officials knew of the alleged manipulation. Green Plains also said ADM flooded the terminal with its barges, to choke off competitors' supplies and influence the price of spot and futures ethanol markets.
ADM (NYSE: ADM) will release financial results for the second quarter of 2020 after the market closes on Wednesday, July 29, 2020. A slide presentation will also be available for download at this time.
Archer-Daniels-Midland (NYSE:ADM) has had a rough month with its share price down 7.8%. Given that stock prices are...
Sam Hendel, Levin Easterly Partners President, joined Yahoo Finance's The Final Round to discuss his outlook for the market and stocks he's watching.
ADM (ADM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
(Bloomberg) -- Archer-Daniels-Midland Co., one of the top agricultural commodity traders, said one of its key U.S. grain-export terminals won’t be back online until next year after work to repair the facility was delayed.Construction at the Reserve terminal in Louisiana, one of the three ADM owns in the Gulf of Mexico region, will be completed in early 2021, the company said in response to questions. Repairs were needed after a third party vessel collision damaged the facility last year.“High water conditions have impacted the construction time line at our export terminal in Reserve,” ADM said. “We informed customers several months ago that we expect the repairs to be complete in early 2021, and we remain on track to have the terminal back online during that time frame.”The delay means ADM’s Reserve terminal will miss some key months for the American crop-cargo season, with most U.S. soybeans exported from November through January. Gulf ports usually ship about 2 billion bushels a year, according to the U.S. Department of Agriculture.ADM has two other export elevators in the Gulf region as well as facilities in Texas and the Pacific Northwest “to help us manage export volumes,” the company said, adding that the facilities handle soybeans and other agriculture products including corn and wheat.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
3BL Media has named ADM (NYSE:ADM) to its annual 100 Best Corporate Citizens ranking, recognizing outstanding environmental, social and governance (ESG) transparency and performance among the 1,000 largest U.S. public companies.
ADM (NYSE: ADM) will participate in the Stifel 2020 Virtual Cross Sector Insight Conference on Wednesday, June 10. Chief Financial Officer Ray Young will take part in a fireside chat at 9:20 a.m. Eastern Time.
Marfrig (B3:MRFG3 and Level 1 ADR: MRRTY) and ADM (NYSE: ADM) today announced an agreement to create PlantPlus Foods, a joint venture for the sale of plant-based food products across South American and North American markets.
For long-term investors, assessing earnings trend over time and against industry benchmarks is more beneficial than...
ADM (NYSE: ADM) announced today commitments to reduce water intensity by 10 percent and achieve a 90 percent landfill diversion rate by 2035 as part of an aggressive plan to continue to reduce the company’s environmental footprint.
ADM (NYSE: ADM) will present at the Goldman Sachs Industrials and Materials Conference Webcast on Friday, May 15. Chief Financial Officer Ray Young will present at 12:10 p.m. Eastern Time.
ADM (NYSE: ADM) will present at the 15th annual BMO Capital Markets 2020 Global Farm to Market Conference on Wednesday, May 13. Juan Luciano, Chairman and CEO, and Vince Macciocchi, President, ADM Nutrition, will present at 9:20 a.m. Eastern Time.
ADM’s (NYSE: ADM) Board of Directors has declared a cash dividend of 36.0 cents per share on the company’s common stock. The dividend is payable on June 10, 2020, to shareholders of record on May 20, 2020.
ADM (NYSE: ADM) announced today an additional $800,000 in donations to organizations focused on addressing needs during COVID-19, including food assistance, hunger relief, and local support to hospitals and first responders.
It's been a good week for Archer-Daniels-Midland Company (NYSE:ADM) shareholders, because the company has just...
(Bloomberg Opinion) -- There’s one obvious culprit in the looming U.S. meat crisis being driven by the spread of Covid-19: The decline of the American slaughterhouse. Despite being the world’s second-largest meat consumer after China, the country stuns, kills and dismembers almost all of its annual production of 130 million pigs, 33.6 million cows and 2.3 million sheep in just over 800 facilities. Five decades ago there were more than 10 times as many.(1)If anything, those figures understate quite how concentrated the slaughter industry is. About two-thirds of America’s pork passes through the 24 giant facilities owned by Smithfield Foods Inc., JBS SA, Tyson Foods Inc. and Clemens Family Corp. More than 80% of beef comes from about a dozen abattoirs owned by Tyson, JBS, Cargill Inc. and Marfrig Global Foods SA.That presents a bottleneck for the American meat trade not unlike the one causing such ructions in the country’s oil business. It’s worryingly easy for disease outbreaks to spread among slaughter-plant staff, who work for low wages, in close quarters, in long shifts, and often share tightly packed break rooms and transportation around the site.Once one plant becomes a Covid-19 hotspot, the knock-on effects can be profound. Supply chains aren’t configured for pigs and cows to leave the site except in the form of chilled cuts, so it’s not easy to move them elsewhere. Read more: A Pork Panic Won’t Save Our BaconThose who expect the current situation will lead to a revival of smaller-scale abattoirs forget how America’s meat industry ended up this way in the first place. If the current shape of the livestock supply chain is a result of anything, it’s been the interplay of more than a century of food-safety regulation, logistics and labor force arbitrage. The coronavirus will just move that process another step forward.Scale, and the problems it engenders, has always been a central feature of the industry. When canals and rail routes through Chicago first joined the Midwestern farm belt to the populous East Coast in the mid-19th century, the slaughterhouse at the juncture — Union Stock Yards — grew to be the world’s largest. Conditions in the yards were notorious, with little regard for the safety of either the meat produced or the low-wage, immigrant workforce. Upton Sinclair’s 1906 novel “The Jungle” attempted to draw attention to the latter, but its most lasting result was the regime of federal slaughterhouse regulations. Now there’s approximately one government food inspector for every 10 employees in slaughtering and packing.Over the past 40 years, tighter oversight, better transport and economies of scale have driven slaughterhouses out of America’s cities to giant facilities across the Midwest, Great Plains and South. More than a dozen of these little-known sites are about as large as the Union Stock Yards. Modern slaughter plants are built close to feedlots and the grain and soy fields that supply them. That means most meat is transported in the form of cuts, which pound-for-pound cost about a hundred times as much as live animals. Located in rural areas, they can pay their workers less than would be expected in the city, too.It’s hard to see how making these facilities more resilient to infectious outbreaks among workers would reverse the concentration of previous decades. After all, better hygiene and humane standards for meat, and the (worthwhile) regulatory burden that entails, are one of the main reasons so many small-scale slaughterhouses have closed down in recent decades. The sorts of changes that would be needed post-coronavirus — spacing workers further apart and separated by screens, staggering shift periods and providing more break rooms — are likely to be easiest for larger plants to implement. To the extent that better practices help improve the meager wages of abattoir workers, that, too, will probably benefit the meat producers with the biggest market share and ability to pass on costs to consumers.Returns at the biggest businesses are sufficient to cover their capital costs, but hardly excessive. Investors generally prefer grains processors such as Bunge Ltd. and Archer-Daniels-Midland Co. Red meat consumption in the U.S. has fallen by a quarter since the 1970s. The concentration of America’s meat packing industry is ultimately a symptom of its weakness, rather than its strength.(1) We're counting only federally inspected slaughter plants, which make up more than 95% of the industry, as they're the only ones allowed to transport their product across state lines. There are also about 300 federally inspected poultry plants, in addition to several thousand downstream plants where carcasses are further jointed and processed.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Archer-Daniels-Midland Company (NYSE:ADM) led the NYSE gainers with a relatively large price hike in the past couple...
CHICAGO--(BUSINESS WIRE)--Due to the challenging operating environment, ADM (NYSE: ADM) is currently managing ethanol production throughout its U.S. corn processing network to focus on cash flows and to divert corn grind to other products that are in higher demand, such as alcohol for hand sanitizer.
ADM (NYSE: ADM) will release financial results for the first quarter of 2020 after the market closes on Wednesday, April 29, 2020. A slide presentation will also be available for download at this time.
The main aim of stock picking is to find the market-beating stocks. But even the best stock picker will only win with...