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Archer-Daniels-Midland Company Message Board

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  • manylumen manylumen Apr 18, 2011 7:56 PM Flag

    Status of ADM

    Should be going higher unless there is something in the short term that the market sees as risky. an article from bloomberg today:" China crops in shortest supply as vanishing farms spur rising food futures" one excerpt "The Chinese ate 20% more chicken last yearthan in 2006, while pork consumption rose almost 11%, USDA data show. It takes 2kg of feed to produce 1kg of chicken and about double that for pork, according to Washington based Earth policy Institute. China the worlds biggest grain producer, was a net exporter of soybeans until 1995, this year its forecast to import 57 million tons or almost 60% of global trade in the oil seed used in animal feed and tofu." I should think this means strong demand for adm and Bg and i dont know if this is baked into the stock price of adm yet.

 
ADM
52.59+0.35(+0.67%)10:41 AMEST

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