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Archer Daniels Midland Co

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  • CHICAGO/ NEW YORK, May 22- As a virulent avian influenza outbreak continues to spread across the Midwestern United States, some egg-dependent companies are contemplating drastic steps- importing eggs from overseas or looking to egg alternatives. A spokeswoman for Archer Daniels Midland Co said that as egg supplies tighten and prices rise, the food processing...

  • CHICAGO, May 22- The world's largest corn processor, Archer Daniels Midland Co, is shifting focus from its long-standing cash generator ethanol into developing new food ingredients as the biofuel boom that underpinned its financial success has cooled. "Coming up with new products is really what keeps us up at night," said Chris Cuddy, president of corn processing.

  • CHICAGO and NEW YORK, May 22- As a virulent avian influenza outbreak continues to spread across the Midwestern United States, some egg-dependent companies are contemplating drastic steps: importing eggs from overseas or looking to egg alternatives. "Canada is short on eggs and has been buying heavily from the U.S. for the last several years," said Rick Brown, a...

  • NEW YORK, May 21- U.S. grain handler Andersons Inc is not interested in being acquired, Chief Executive Officer Mike Anderson said on Thursday after Richardson International expressed interest in a takeover. At a BMO Capital Markets investor conference in New York, Anderson said the company ranked eighth in U.S. storage capacity for grain.

  • May 5- Archer Daniels Midland Co, one of the world's largest grain traders, announced on Tuesday a deal to acquire full ownership of two Romanian export terminals on the Black Sea, bolstering its ability to export grain from Eastern Europe. ADM said it has agreed to acquire North Star Shipping and Minmetal, a 50-50 joint venture with North Star, which have grain...

  • CHICAGO, May 5- U.S. agribusiness Archer Daniels Midland Co on Tuesday reported higher-than-expected quarterly profit on strong oilseed crushing margins and robust global demand for soybean meal. Chicago- based ADM's first-quarter net profit rose to $493 million, or 77 cents per share, from $267 million, or 40 cents per share, a year earlier.

  • What matters to markets this week Monday, 4 May 2015 | 6:00 AM ET
    Traders work on the floor of the New York Stock Exchange (NYSE)

    Influences from abroad may first drive stocks, bonds and the dollar.

  • Jobs report is big but watch out for Europe Friday, 1 May 2015 | 7:21 PM ET
    Traders work on the floor of the New York Stock Exchange (NYSE)

    Influences from abroad may first drive stocks, bonds and the dollar.

  • The company is one of a small number of businesses with agriculture connections, including Monsanto Co's Climate Corp and Trimble Navigation Ltd, that have received exemptions to the FAA's ban on commercial use. The FAA proposed rules on commercial drones in February that limit their use, but final regulations may not be in place for two years.

  • SAO PAULO, April 9- Brazil's Santos port has been unable to export 400,000 tonnes of soybeans and soymeal as firefighters battle a week-old blaze that has restricted truck access to much of the country's largest export hub, soy industry association Abiove said on Thursday. The timing is particularly crucial as the world's No. 2 soybean producer harvests a...

  • UPDATE 1-Cargill third-quarter profit rises by a third Thursday, 9 Apr 2015 | 10:14 AM ET

    The company said slowing economic growth and excess processing capacity in countries such as China, Brazil and Indonesia weighed on earnings at its food ingredients and applications unit. Privately held Cargill, along with Archer Daniels Midland, Bunge Ltd and Louis Dreyfus Corp- known collectively as the ABCD companies- dominates the global grains trade.

  • SAO PAULO, April 8- Trucks will be able to access a blocked entrance at Santos, Brazil's largest port, at night while firefighters finish extinguishing a blaze at a nearby fuel-storage facility, city and port authorities said. Archer Daniels Midland Co has a terminal on the Santos side of the port but a press spokeswoman declined to comment on whether operations...

  • *Glencore free to refresh bid for Rio Tinto under UK rules. MELBOURNE, April 8- Australia's treasurer has told business representatives he would not allow Glencore Plc to merge with Rio Tinto due to concerns about losing tax revenue, a person familiar with his comments said on Wednesday. Treasurer Joe Hockey said based on the tax implications he had seen from the...

  • MELBOURNE, April 8- Australia's treasurer has told mining industry representatives he would not allow Glencore Plc to merge with Rio Tinto, the Australian Financial Review reported on Wednesday. The report was published the day UK restrictions came off on Glencore making a fresh approach to Rio Tinto after being rebuffed last August. Treasurer Joe Hockey...

  • PARIS, March 26- Margarita Louis-Dreyfus's family trust Akira has raised its stake in holding company Louis Dreyfus to 80 percent from about 65 percent previously, she said on Thursday. Louis Dreyfus owns 85 percent of Louis Dreyfus Commodities B.V., which reported a rise in full-year profit on Thursday, with increased volumes and healthy processing margins...

  • Commodity trader Louis Dreyfus posts higher 2014 profit Thursday, 26 Mar 2015 | 5:07 AM ET

    PARIS, March 26- Global trading group Louis Dreyfus Commodities B.V. reported a rise in full-year profit on Thursday as increased volumes and healthy processing margins helped offset lower market prices. Louis Dreyfus is one of the "ABCD" quartet of companies- alongside Archer Daniels Midland, Bunge and Cargill- that dominates agricultural commodity trading.

  • Workers at 11 companies haul in $3.5M each! Friday, 20 Mar 2015 | 8:57 AM ET
    Workers enter an Exxon Mobil refinery

    Employees at 11 non-financial companies in the Standard & Poor's 500 brought in more revenue apiece than any other in America. USA TODAY reports.

  • ADM cuts biodiesel output as industry hit by weak margins Wednesday, 25 Feb 2015 | 1:23 PM ET

    WINNIPEG/ NEW YORK, Feb 25- Archer Daniels Midland, one of the world's top biofuels producers, has slowed North American biodiesel output, the latest sign the industry is battling uncertainty over U.S. renewable fuel policy while the oil rout curbs demand. The Chicago- based agri business has "temporarily" shifted production at its Velva, North Dakota, oilseeds...

  • China's chocolate sales to grow 60% by 2019: Hershey Wednesday, 18 Feb 2015 | 10:00 PM ET

    China's chocolate sales will grow to $4.3 billion by 2019, up nearly 60 percent from 2014, driven by a growing urban population, a Hershey official said.

  • NEW YORK, Feb 18- Chocolate sales in China should grow to $4.3 billion by 2019, up nearly 60 percent from $2.7 billion in 2014 and driven by demand from the growing urban population, a senior Hershey officer forecast on Wednesday. He projected the company's China sales would grow by 35 percent to $450 million in 2015. Based on that figure, chocolate sales in China...