ADM - Archer-Daniels-Midland Company
40.54 0.00 (0.01%)
After hours: 4:33PM EDT
| Previous Close | 40.38 |
| Open | 40.54 |
| Bid | 40.11 x 900 |
| Ask | 40.55 x 1300 |
| Day's Range | 40.46 - 40.88 |
| 52 Week Range | 37.77 - 52.07 |
| Volume | 2,406,854 |
| Avg. Volume | 3,797,453 |
| Market Cap | 22.709B |
| Beta (3Y Monthly) | 1.02 |
| PE Ratio (TTM) | 13.98 |
| EPS (TTM) | 2.90 |
| Earnings Date | Aug 1, 2019 |
| Forward Dividend & Yield | 1.40 (3.47%) |
| Ex-Dividend Date | 2019-05-14 |
| 1y Target Est | 50.00 |
- Simply Wall St.•5 days ago
What Kind Of Shareholder Owns Most Archer-Daniels-Midland Company (NYSE:ADM) Stock?
If you want to know who really controls Archer-Daniels-Midland Company (NYSE:ADM), then you'll have to look at the...
- Motley Fool•5 days ago
Investing in Chicago Stocks
With one of the most diverse economies in the nation, Chicago's metro area is a key player in multiple investing sectors. Here's how to invest in Chicago stocks.
- Reuters•9 days ago
UPDATE 1-Romanian union says strike averted at ADM Constanta grain silos
The union representing workers at ADM's North Star Shipping grain silos in Romania's Black sea port of Constanta said on Monday an indefinite strike scheduled to start on July 15 had been averted after reaching an deal on wages. An indefinite strike at the Constanta port silos could have severely impacted grain supplies to Egypt, the world's largest wheat importer, and where ADM is an active exporter. Egypt closed its local wheat supply season on Monday, meaning imports would be the sole supply source.
- Bloomberg•11 days ago
Barry Threatens Farming From Cotton to Sugar in Rain Washout
(Bloomberg) -- Tropical Storm Barry’s dangerous downpours are threatening crops from cotton to sugar, grinding shrimping to a halt and forcing grain elevators to shut.With as much as 25 inches (64 centimeters) of rain projected for some areas, fields could get flooded at a time when plants are still in development stages. Heavy winds could damage sugar mills in the region and other agriculture facilities. Meanwhile, shrimp fishermen in the Gulf of Mexico are docking ships and tying down equipment, and agribusiness giant Cargill Inc. has shuttered grain-loading operations.“It’s an emotional drain to say the least,” said fifth-generation Louisiana farmer George LaCour, who raises cotton, sugarcane, corn, wheat, rice and crawfish on 10,000 acres, some of which are in the Morganza Spillway.LaCour, 57, has taken steps to secure his farm and Morganza home, where he’s lived since he was born. He’s redone the drainage tiles, cleared out debris and made sure his generators and chainsaws are working in anticipation of the storm, which is forecast to hit the state’s shores as a hurricane early Saturday. Other than that: “You just sit there and wait this out.”“It’s all you can do,” LaCour said. “There’s no cure. You try your best to hold it together while you go through this. Having been through hurricanes before, you prepare for the worst mentally and hope for the best.”Barry is just the latest blow to America’s agricultural economy. Incessant rains have washed out farms and flooded rural Midwestern towns. The deluge hampered the flow of farm products and hindered plantings. The weather woes come as crop prices have stayed depressed amid the U.S.-China trade war and hefty supply gluts.Climate change has brought increased risks to farming from floods, storms, drought and heat. While America’s crop belt suffered from a deluge, wheat growers in parts of Europe have had to deal with scorching temperatures and dry conditions.Here’s a look at some of Barry’s agriculture impact:GrainsCargill, America’s largest closely held company, said it shuttered its Louisiana export grain elevators on Thursday in anticipation of the storm. Rival Archer-Daniels-Midland Co. said it shut grain elevators and port operations in New Orleans Friday to prepare for the storm. Bunge Ltd. said it closed an export terminal and crush plant in Destrehan, Louisiana.The Gulf of Mexico is a key region for U.S. agriculture exports, with almost half of this year’s grain shipments loading along the Mississippi River, government inspections data show. The state is also home to corn, sorghum and soybean crops.In Louisiana, local prices signal the market is positioning for supply disruptions from the storm as shipping is grinding to a halt along the southern reaches of the Mississippi River. The soybean basis in the Gulf jumped 5.3% on Thursday, the steepest climb since June 7, to 50 cents a bushel, U.S. Department of Agriculture data show. The figure measures the amount above futures that buyers are willing to pay.CottonCotton plants in the southern portions of the Mississippi Delta region could be badly affected by the storm, according to Don Keeney, a senior agricultural meteorologist with Maxar in Gaithersburg, Maryland. Sugar cane is also likely to get serious damage from flooding, while corn may face “a little bit of wind damage,” he said.The impact on futures markets could be limited, though. There’s plenty of U.S. cotton in inventory that can help cushion the blow of supply loss.RiceArkansas, Louisiana and Mississippi -- each of which are in Barry’s path -- accounted for most of the rice grown in the U.S. last year. In top-producer Arkansas, heavy rain expected to arrive by Sunday could disrupt crop development, Jarrod Hardke, an agronomist at the University of Arkansas, said. Rice crops already were struggling after rains delayed spring plantings and then were hit with high temperatures.ShrimpingThe storm is likely to disrupt fresh catches of shrimp for a day or more, C. David Veal, executive director of the American Shrimp Processors Association in Biloxi, Mississippi, said on Friday. The association represents about 75% of fresh shrimp packers in the Gulf. As much as 120 million pounds (54,000 metric tons) of shrimp are caught each year off the U.S. Gulf.“It certainly causes dislocation, and preparation always takes a day out of business because employees have to prepare, too,” Veal said by telephone. “Then, there’s the constant worry if freezers go out.”SugarHeavy rains puts Louisiana’s sugar cane crops at risk, according to Herman Waguespack Jr., research director for the American Sugar Cane League in Thibodaux, Louisiana. The state produces 1.4 million tons of raw sugar, according to group’s website. Cane was planted on 440,000 acres as of 2017.“If Barry can come in and be gone, we will be much better off,” he said.\--With assistance from Kevin Varley, Mario Parker and Denitsa Tsekova.To contact the reporters on this story: Shruti Date Singh in Chicago at ssingh28@bloomberg.net;Michael Hirtzer in Chicago at mhirtzer@bloomberg.netTo contact the editors responsible for this story: James Attwood at jattwood3@bloomberg.net, Millie MunshiFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Reuters•13 days ago
ADM, Cargill reach deal to swap U.S. Midwest grain elevators
Large U.S. grain merchants Cargill Inc and Archer Daniels Midland Co have reached a deal to swap some of their grain elevators in the U.S. Midwest in a deal expected to close later this summer, both companies said on Thursday. The deal includes a sale by Cargill of its Mount Vernon and Evansville, Indiana, elevators on the Ohio River to ADM. In return, ADM will sell its Beardstown, Naples and Keithsburg, Illinois, elevators along the Illinois River to Cargill, representatives from both companies said.
- Reuters•13 days ago
UPDATE 2-Cargill quarterly profit dives 41% on trade tensions, U.S. floods
Global commodities trader Cargill Inc reported a 41% drop in adjusted quarterly profit on Thursday, citing supply disruptions stemming from the U.S.-China trade war and also flooding in the central United States that hit marketing and transportation of grains and livestock. Cargill, the largest privately held U.S. company, said adjusted operating profit fell to $476 million in the fiscal fourth quarter ended May 31, from $809 million a year earlier, as three of its four business units posted lower year-on-year results. Trade tensions between Washington and Beijing have battered the U.S. agricultural sector as tit-for-tat tariffs have reduced commodities exports from the United States and redrawn global trade flows.
- Quartz•13 days ago
The next big ice cream aisle addition will be dairy-free…kind of
Flora-based foods will be made using tiny microorganisms, including cow-free, yeast-based milk protein.
- Bloomberg•13 days ago
Forget Synthetic Meat, Lab Grown Dairy Is Here
(Bloomberg) -- The search for sustainable, healthy alternatives to meat currently has two paths: the meat-mimicking veggie burger and lab-grown proteins. But in the land of dairy, there’s only plant-based alternatives like cashew “butter” and almond milk. Whether you’re milking them or slaughtering them, industrial cattle husbandry is bad for the planet. Studies show it to be a key culprit in the climate crisis and a source of localized environmental damage. The refrigerator aisle has been full of plant-based dairy for some time, but now there are a few startups who, like the purveyors of cultured meat, want to take dairy one step further.Already under siege by falling milk sales, Big Dairy lobbyists have been lashing out at makers of plant-based rivals as they grow market-share. But their next enemy may be coming from the laboratory, in the form of synthetic whey, and investors are already lining up.While fewer people are drinking cow’s milk, they’re still eating yogurt and cheese, and a crucial protein that comes from making those products is whey. It’s relatively flavorless and incorporates well into a range of food formulations for everyone from infants to adults. There’s already a huge market for it, as demand for whey protein and whey-based products is on the rise thanks to consumer demand for protein in everything, from bars to shakes.The U.S. is the single largest exporter of whey products, with estimated sales of $10 billion last year. BCC Research said the category will grow by 6% annually through 2023. But for all its popularity, all that whey still comes from cows, a fact increasingly seen as a liability for climate- and health-conscious dairy and protein lovers.Ryan Pandya saw an opportunity in this consumer conundrum. He wants to be the first to market a non-animal whey protein through his San Francisco area-based company, Perfect Day. Like other food startup founders, Pandya and partner Perumal Gandhi are both vegan. Rather than forego the taste of real cheese and dairy for poor vegan substitutes, the pair decided to invent their own version of the real thing. The startup focused on the well-worn food path of microbial fermentation—harnessing custom yeast and bacteria to grow the proteins that make milk taste like milk. But first, the company and others like it face some big hurdles: consumer squeamishness and regulatory reviews that may end up focusing more on the genetically modified organisms [GMO] used to make lab-grown whey. Five years ago, Perfect Day joined the synthetic biology accelerator IndieBio as it searched for microbes that could be engineered to make functional milk proteins. Today, it has more than 60 employees, $60 million in funding and says that it’s produced one metric ton of lab-grown whey (for scale, the U.S. uses more than 200,000 metric tons of all types of whey annually). Late last year, agriculture giant Archer Daniels Midland agreed to invest in Perfect Day as the startup seeks to lower the cost of making whey. “When you’re creating something that already exists, there is already an established price point,” said Victoria de la Huerga, vice president of ADM Ventures. “The goal for companies that are leveraging new technology to make new food is you have to make it affordable.”Though it’s still early days, Perfect Day contends its proteins require 98% less water and 65% less energy than that required to produce whey from cows. The company said it hopes to one day license its ingredients so they can be used by food manufacturers in a range of products—but those involved concede that scaling the effort won’t be easy.Still, Perfect Day Chief Technical Officer Tim Geistlinger said the process is “fully adaptive—you can do it anywhere in the world and it doesn’t matter how hot it is.” Having come over from plant-based burger maker Beyond Meat, Geistlinger argued that “if you want to raise your flag on sustainability or tolerance to climate change, this one solves a lot of things.”While Perfect Day wants to be an ingredient supplier, food startup New Culture wants to make the end product: cheese from its own lab-grown casein, another protein derived from dairy. In the lab, New Culture has crafted a super stretchy, believable version of mozzarella—the most consumed cheese in the U.S. A third startup, Motif Ingredients—a spinoff of Gingko Bioworks—is using $90 million in funding to focus on lab-grown dairy proteins as flavor and texture ingredients.Matt Gibson, the New Zealand born founder of New Culture and a self-described committed vegan, said he didn’t like the non-dairy options on the market. “I just don’t think you can make cheese with any of the plant-based proteins,” he said.There’s even a nonprofit working on lab-grown whey. Real Vegan Cheese, based in Oakland, California, has been researching how to make multiple casein proteins with bacteria, and plans to do the same with yeast. The group said it wants to disseminate its recipe so others can develop their own sustainable, animal-free dairy products.Non-animal whey protein is new, and may require scrutiny by the U.S. Food and Drug Administration. But Nigel Barrella, a food industry lawyer who is of counsel to the Good Food Institute, said lab-made whey will be viewed by regulators as simply another GMO food product. Last month, Perfect Day filed a General Recognized as Safe petition (GRAS) with the FDA, a voluntary request for government review.“In terms of the FDA’s attitude, it will be near the GMO product: functionally these are the same,” Barrella said, using corn as an example: “There is no scientifically known difference between corn and GMO corn.”But there’s still branding to worry about. Few people like to eat something with “lab-grown” on the label, and vegans will likely steer clear of something labeled “milk protein.” As a result, Perfect Day wants to rebrand microbes used in food—yeast, fungi, bacteria—as flora, a more consumer-friendly term.“We are trying to explore how we can get a term for this industry that’s outside of plant-based,” said Pandya. “Something someone with a plant-based diet can eat, but it’s not from plants. It’s an animal protein, but not from animals.”The company plans to start building its public profile by selling 1,000 pints of ice cream made with lab-grown whey, via its website. “Most of the functionality in ice cream or cream cheese is all about the whey proteins and how it operates with air and water,” said Gandhi. Still, Nate Donnay, a Minnesota-based director of dairy insight for INTL FCStone, doesn’t see non-animal whey grabbing huge market share soon. “Sitting here in the heartland, no one is caring where the protein came from. They want it cheap and they want a lot of it,” he said. Donnay added, however, that “if you can get cost down and the functionality there, the big companies will take it.”Barrella, the food industry lawyer, said lab-made whey makers should play to their strong suit.“I think it will be sold as a benefit of the product—lower environmental footprint,” Barrella said. “It will be incumbent on the producers of these products to market the benefits of these products: milk proteins that don’t come from an animal.”To contact the author of this story: Larissa Zimberoff in New York at lzimberoff@gmail.comTo contact the editor responsible for this story: David Rovella at drovella@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Reuters•14 days ago
Major grain traders face one-two punch from U.S. floods, trade war
Severe U.S. weather likely dented earnings for large grain companies including Archer Daniels Midland Co and Bunge Ltd for a second straight quarter, adding to headwinds from a still-unresolved U.S.-China trade war, analysts and economists said. ADM and Bunge, as well as peers Cargill Inc [CARG.UL] and Louis Dreyfus Co [LOUDR.UL], known as the ABCD quartet of global grain trading giants, faced processing-plant downtime, rail and barge shipping delays and other supply uncertainty this spring as historic floods ravaged the central United States. The weather woes are heaping more pain on the battered U.S. agricultural sector already hard-hit by a years-long crop supply glut and the U.S.-China trade war now entering its second year.
- Markit•15 days ago
See what the IHS Markit Score report has to say about Archer Daniels Midland Co.
Archer Daniels Midland Co NYSE:ADMView full report here! Summary * Perception of the company's creditworthiness is neutral * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is extremely low for ADM with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting ADM. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $5.98 billion over the last one-month into ETFs that hold ADM are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. ADM credit default swap spreads are within the middle of their range for the last three years.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- Business Wire•26 days ago
ADM to Release Second Quarter Financial Results Aug. 1, 2019
Archer Daniels Midland Company (ADM) will release financial results for the second quarter of 2019 before the market opens on Thursday, Aug. 1, 2019. The company will host a webcast at 8 a.m. Central Time to discuss financial results and provide a company update. A slide presentation will be available for download approximately 60 minutes prior to the webcast.
- Zacks•28 days ago
How To Invest As The Trade War Progresses
US has tariffs on $250 billion worth of Chinese products with the remaining $325 billion worth of goods (cover the rest of China???s total exports to the US) being threatened, sitting in limbo taunting China.
- Zacks•29 days ago
Archer Daniels Down 12% in a Year: Can Efforts Revive Stock?
Archer Daniels' (ADM) soft Carbohydrate Solutions segment is concerning. Nevertheless, the company's growth efforts such as the Readiness program are commendable.
- Reuters•last month
UPDATE 1-ADM to cut jobs at animal feed unit Neovia in France
Archer Daniels Midland Company plans to cut 127 staff at its recently acquired Neovia animal feed business in France to eradicate job duplication, the head of the group's animal nutrition department said on Tuesday. Chicago-based ADM took over Neovia for 1.54 billion euros ($1.73 billion) this year as part of the U.S. farm giant's strategy to expand in the fast-growing animal nutrition sector.
- Zacks•last month
The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, Green Plains, Archer Daniels Midland and Bunge
The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, Green Plains, Archer Daniels Midland and Bunge
- Simply Wall St.•last month
Why You Should Care About Archer-Daniels-Midland Company’s (NYSE:ADM) Low Return On Capital
Today we are going to look at Archer-Daniels-Midland Company (NYSE:ADM) to see whether it might be an attractive...
- Zacks•last month
EPA Reforms Pit Oil and Green Lobby Against Corn Producers
The agency removed the federal restriction on summer sales of E15 ethanol and came up with several structural changes to increase RIN market transparency.
- MarketWatch•last month
The trade war is making U.S. pork producers squeal
With China’s hog inventory depleted due to African swine fever, the demand for imported pork is up, which would be a good thing for U.S. meat companies except the U.S.-China trade war is getting in the way, says CFRA.
- Reuters•2 months ago
ADM ships Brazil corn to Smithfield Foods in the United States amid heavy rains
Archer Daniels Midland Co and other grain traders are selling Brazilian corn to Smithfield Foods Inc in the United States, where wet weather has reduced plantings, said two sources with knowledge of the matter. The sources, who requested anonymity to discuss sensitive market information, said Smithfield owns port facilities on the U.S. east coast and sometimes buys corn abroad because of the cost of shipping grains from the domestic corn belt. "We are just finding a destination for Brazil corn and supplying those who know there will be a shortage ... Just being faster and nothing else," said a third source close to ADM.
- Yahoo Finance Video•last month
These four companies control the world's food chain
Consolidation in the seed industry has put these four companies in charge of the global food chain. Yahoo Finance's Julie Hyman, Adam Shapiro, Brian Sozzi and Dan Barber Co-founder of Row 7 Seed Company, Chef and co-owner of the Blue Hill and Blue Hill at Stone Barns discuss.
- Yahoo Finance Video•last month
These four companies control the world's food supply
Consolidation in the seed industry has put these four companies in charge of the global food chain. Yahoo Finance's Julie Hyman, Adam Shapiro, Brian Sozzi and Dan Barber Co-founder of Row 7 Seed Company, Chef and co-owner of the Blue Hill and Blue Hill at Stone Barns discuss.
