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Archer Daniels Midland Co. (ADM)

  • Wed, Jul. 29, 9:14 AM
    • Citi downgrades Archer Daniels Midland (NYSE:ADM) to a Neutral rating from Buy on growth concerns.
    • The investment firm lowered its price target to $51 from $55.
    • Archer Daniels Midland is due to report Q2 earnings on August 4.
    | Wed, Jul. 29, 9:14 AM | Comment!
  • Fri, Jul. 17, 11:35 AM
    • Archer Daniels Midland (ADM -0.8%) says it received conditional clearance from the European Commission to sell its chocolate business in Europe to Cargill.
    • The DOJ approved the deal earlier this year.
    | Fri, Jul. 17, 11:35 AM | Comment!
  • Tue, Jul. 14, 2:41 AM
    • As U.S. demand remains plagued by political uncertainty, Valero Energy (NYSE:VLO) is preparing to sell ethanol for export for the first time.
    • The move will pit the company against Archer Daniels Midland (NYSE:ADM), privately-held Marquis Energy, and Pacific Ethanol (NASDAQ:PEIX).
    • For now, Valero will sell the material on a freight-on-board basis for shipment overseas, although it eventually plans to sell its output and third-party production directly to buyers.
    | Tue, Jul. 14, 2:41 AM | 3 Comments
  • Fri, Jun. 26, 8:26 AM
    • Archer Daniels Midland (NYSE:ADM) and ethanol supporters have challenged a U.S. government plan for biofuels use, saying it will not push past the "blend wall" because of a niche market for biofuels credits.
    • The hearing came just weeks after the EPA proposed cutting volumetric use targets below those laid out by Congress in 2007.
    | Fri, Jun. 26, 8:26 AM | Comment!
  • Wed, Jun. 17, 9:30 AM
    • The impact of the bird flu in the the Midwest part of the U.S. is impacting the egg and chicken markets in different ways, according to data from the USDA.
    • A restriction on imports from the U.S. from some nations has increased the domestic supply of chickens to be sold to sellers. Prices for bulk leg quarters, drumsticks, and boneless/skinless thigh meat all fell by 19% or more Y/Y.
    • Egg prices were dramatically higher with most outbreaks associated with poultry farms where chickens are raised for their eggs.
    • Turkey prices are moderately higher.
    • Chicken stocks have been volatile the past few months off of news on the avian flu.
    • Related stocks: PPC, SYY, HRL, TSN, SAFM, CALM, ADM.
    | Wed, Jun. 17, 9:30 AM | 12 Comments
  • Wed, Jun. 10, 8:56 AM
    • Egg prices continue to soar as the avian flu ravages chicken farms across five states in the Midwest.
    • The outbreak has reduced the national flock by 12%, according to an academic study.
    • In a separate development, an undercover study by the Humane Society has identified abusive policies at egg suppliers for Costco (NASDAQ:COST).
    • The animal rights group is pushing for broad industry reform on the living conditions of chickens.
    • The spike in egg prices has been passed on to varying degrees to consumers, although some companies have felt a margin pinch.
    • Egg pricing is in the background at McDonald's (NYSE:MCD), Denny's (NASDAQ:DENN), Nestle (OTCPK:NSRGY), Dunkin' Brands (NASDAQ:DNKN), Post Holdings (NYSE:POST), and Dine Equity (NYSE:DIN) via IHOP.
    • Cal-Maine Foods (NASDAQ:CALM) and Archer Daniels Midland (NYSE:ADM) have been positioned to benefit from the egg squeeze.
    • The hardest hit group is local bakeries which rely on eggs at market prices.
    | Wed, Jun. 10, 8:56 AM | 7 Comments
  • Fri, May 29, 11:15 AM
    • Ethanol companies rise while refiners are off session highs after the EPA announces its renewables fuels mandate.
    • The EPA proposes requiring 15.93B gallons of total renewable fuel in 2014, 16.3B gallons in 2015, and 17.4B gallons in 2016, but the proposal for the total renewable fuel requirement falls short of levels Congress mandated, which were 20.5B gallons in 2015 and 22.5B gallons in 2016.
    • Also, the EPA cuts 2016 corn-ethanol quota to 14B gallons; U.S. law required 15B gallons of ethanol for 2016.
    • Ethanol exposed companies are mostly higher: ADM +0.7%, GPRE +4.2%, PEIX +4.1%, REX +1%, DAR +2%, CZZ -2.2%.
    • Among refiners: HFC +0.3%, TSO +1.3%, VLO +0.8%, WNR +1.9%, PBF -1%.
    • Biofuel related stocks: GEVO -8.3%, SZYM -2.7%, CDTI -1%, REGI -0.7%.
    | Fri, May 29, 11:15 AM | 61 Comments
  • Thu, May 21, 3:59 PM
    • Archer Daniels Midland (ADM +0.9%) says it is expanding grain export capacity at its Puerto San Martin port in Argentina to help boost shipments from the country.
    • The expansion, to be completed by early 2016, will include a new berth for unloading barges and additional grain storage, and will increase the terminal's capacity to ~2.5M metric tons from ~2M.
    • The investment comes after several recent strategic deals by ADM aimed at reaching its goals of doubling its grain origination over the next decade.
    | Thu, May 21, 3:59 PM | Comment!
  • Mon, May 18, 10:34 AM
    • Archer Daniels Midland (ADM -0.5%) acquires Meiweiyuan Biotechnology for an undisclosed amount.
    • The deal for the Chinese sweetener manufacturer is expected to close in the next couple of weeks.
    | Mon, May 18, 10:34 AM | Comment!
  • Thu, May 7, 5:14 PM
    • Archer Daniels Midland (NYSE:ADM) declares $0.28/share quarterly dividend, in line with previous.
    • Forward yield 2.23%
    • Payable June 11; for shareholders of record May 21; ex-div May 19.
    | Thu, May 7, 5:14 PM | Comment!
  • Tue, May 5, 10:53 AM
    • Enhancing the company's European origination and transportation network, Archer Daniels Midland (ADM +0.1%) has reached an agreement to acquire complete ownership of North Star Shipping and Minmetal.
    • "We’ve talked about the potential to double the volume of our grain business. Here, we're taking a great step in that direction with this strategic expansion of our European network," said ADM's Joe Taets.
    • North Star and Minmetal operate grain elevators, bulk commodity storage and warehousing, port services, stevedoring operations and a shipping agency at the mouth of the Danube River.
    | Tue, May 5, 10:53 AM | Comment!
  • Tue, May 5, 8:26 AM
    • Net earnings of $493M vs. $267M in the same quarter a year ago. Adjusted earnings per share of $0.77 vs. $0.55 in the same period last year.
    • Profit for ADM's (NYSE:ADM) corn-processing business dropped 49.4% to $127M due to lower ethanol volumes and weaker industry volumes, while the company's oilseeds-processing business reported a profit increase of 46.3% to $483M.
    • Agricultural Services increased 36.6% to $52M on improved U.S. and global grain merchandising results; Wild Flavors and Specialty Ingredients earned $68M in the first reporting period for the unit.
    • Returned $0.7B to shareholders through dividends and the repurchase of 12M shares.
    • Q1 results
    | Tue, May 5, 8:26 AM | Comment!
  • Tue, May 5, 7:08 AM
    • Archer Daniels Midland (NYSE:ADM): Q1 EPS of $0.77 beats by $0.06.
    • Revenue of $17.51B (-15.4% Y/Y) misses by $3.07B.
    • Press Release
    | Tue, May 5, 7:08 AM | Comment!
  • Wed, Apr. 22, 4:58 PM
    • Archer Daniels Midland (NYSE:ADM) says it has received FAA approval to fly drones that will locate and assess crop damage, helping it expedite the processing of crop insurance claims.
    • ADM says it will continue to develop and test the technology through the 2015 crop year, with a planned launch of the system for customers in the midwest by 2016.
    • While the FAA bans commercial drone use, it has granted exemptions to operators who track crop yields, monitor oil and gas facilities, and inspect power lines and smokestacks.
    | Wed, Apr. 22, 4:58 PM | Comment!
  • Tue, Mar. 31, 4:37 PM
    • Archer Daniels Midland (NYSE:ADM) pledges to curb deforestation that results from the farming of soybeans and palm trees, developing ways to trace crops it processes and make those supply chains transparent.
    • ADM - among the world's largest traders of crops - buys all of its soy and almost all of its palm oil from third parties; under the new policy, it "commits to build traceable and transparent agricultural supply chains that protect forests worldwide."
    • ADM’s move comes as global agricultural companies face pressure from environmental and consumer groups to take greater responsibility for the way their products are produced, ranging from cultivation to labor practices.
    | Tue, Mar. 31, 4:37 PM | 2 Comments
  • Mon, Mar. 30, 8:10 AM
    • Archer Daniels Midland (NYSE:ADM) has reached an agreement to purchase AOR, a oil bottling company based in Belgium.
    • "This acquisition will allow us to expand our product offerings and customer base in Europe," said Matt Jansen, president of ADM’s Oilseeds Processing business.
    | Mon, Mar. 30, 8:10 AM | Comment!
Company Description
Archer-Daniels Midland Co is a processor of oilseeds, corn, wheat, cocoa, and other feedstuffs and is a manufacturer of vegetable oil and protein meal, corn sweeteners, flour, biodiesel, ethanol, and other value-added food and feed ingredients.
Industry: Farm Products
Country: United States