Managing Editor

Ethanol Stock as Cheap as an Ear of Corn?

ADM's not a one-trick pony like PEIX. In addition to corn processing, the company engages in agricultural services, including grain handling and storage, and oilseed processing. Ag services brought in less profit because of merchandising slowdowns and oilseed processing margins have narrowed. The poor performerance in these sectors negated any improvement in corn processing margins.