Saw news article that said adm has purchased a port terminal in Para Brazil. think its in the north part of Brazil if i recall correctly. they will upgrade and expand this facility to ship soy beans, and other commodities. So this is long term very smart move. It might have been a smart idea to sell when the ceo warned on earnings and try to buy low, but thinking might as well ride it out. Given the dividend and cap adm it might not sell off as much as one might guess. It still would not surprise me to see some other outfit come in with acquistion thinking they can do a better job at running adm. I dont know who might take a run at adm, but its a risk. Nice to get the dividend while we wait for adm to perform well. I also think they are into fert business in Brazil. like it long term.
It would seem to me that adm will be busy transporting commodities from South America and Australia to places that need/purchase them. One can see how this will affect the ethanol side, and while adm has big % of business in the US it still has great diversity. Has anyone heard how the Canadian crops are doing? Adm might be moving a lot more of Canadian wheat etc this year.