A project to expand the Archer Daniels Midland (ADM) Company's Port Windsor terminal got a federal cash boost yesterday.
Tag Archives ADM
Feds pledge up to $26.3 million for expansion at Port Windsor
Project expected to significantly increase ADM's capacity at the Great Lakes port
ADM buys Saskatchewan pulse miller
Prairie Pulse to double U.S. firm's reach in province's pulse sector
One of the four majors in global agrifood has bought expanded capacity in Saskatchewan’s pulse crop sourcing and processing space. ADM on Wednesday announced having bought Prairie Pulse Inc., whose main asset its its pulse crop processing and packaging plant at Vanscoy, about 25 km southwest of Saskatoon. Chicago-based ADM — known as the ‘A’ […] Read more
Bunge says sanctions may have ‘adverse effect’ on Russian operations
Reuters — Global agricultural commodities trader Bunge said continued conflict in Ukraine and stinging sanctions on Russia could have an “adverse effect” on its operations in the breadbasket region. Bunge and rival agribusinesses ADM and Cargill suspended operations in Ukraine last week after Russia invaded its neighbour. But none have stopped their business in Russia […] Read more
ADM releases alternative protein outlook for 2022
MarketsFarm — Major U.S. agribusiness ADM released a report Tuesday identifying the seven biggest trends in the alternative protein market, ranging from creating new protein sources from fungi to making plant-based meat substitutes more affordable and palatable to the general public. The seven trends in the report were: introduction of novel protein sources, using microbial […] Read more
ADM profit more than doubles on strong crush margins, vegoil demand
Global grain trader Archer-Daniels-Midland Co said on Tuesday its third-quarter profit more than doubled, as strong oilseed crushing margins and rising vegetable oil demand boosted its core agricultural services and oilseeds unit. The Chicago-based U.S. grains merchant is anticipating the favorable demand and margin environment to continue supporting results in the fourth quarter and foresees […] Read more
Cargill, ADM sell GrainBridge to ag software firm Bushel
'Network effect' expected in grains sector
An online service farmers use to manage grain sales with ADM’s elevators and processing plants across Canada — along with Cargill and ADM elevators in the U.S. — is under new ownership. ADM and Cargill, the two major U.S.-based agribusinesses that set up GrainBridge in 2019, announced Tuesday they’ve sold it to Bushel, a Fargo, […] Read more
U.S. grains: Corn, soy, wheat sag as Ida damage spurs export concerns
Traders adjust positions on last day of month
Chicago | Reuters — U.S. grain and soybean futures touched their lowest prices in weeks on Tuesday as power outages and damage to export facilities from Hurricane Ida stoked concerns about the potential for extended disruptions to shipments, analysts said. Uncertainty over the length of facility closures at the Gulf Coast, which accounts for about […] Read more
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 […] Read more
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 […] Read more
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 […] Read more
Canadian Cattlemen Presents: Depth of Field
