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.
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.
Leading agricultural processor and food-ingredient supplier Archer Daniels Midland Co. has agreed to stop deforestation due to soy and palm oil production in its global supply chains, according to investors.
U.S. agribusiness Archer Daniels Midland Co. reports higher quarterly earnings as a record-large U.S. harvest boosted grain volumes and supported strong exports, though revenue fell short of expectations.
Archer Daniels Midland Company announced Wednesday it is moving its global headquarters to Chicago, but said the agribusiness giant could still set up a new technology center in another state after failing to win millions in tax breaks.
Sara Burnett and Sophia Tareen
December 18, 2013
CHAMPAIGN, Ill. (AP) - Archer Daniels Midland Co. cashed in on volatile prices and heavy demand for the corn, soybeans and wheat it processes to generate a 42 percent increase in third-quarter profits.
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