The Archer Daniels Midland Company (ADM) is an American global food processing and commodities trading corporation, headquartered in Chicago, Illinois. The company operates more than 270 plants and 420 crop procurement facilities worldwide, where cereal grains and oilseeds are processed into products used in food,beverage, nutraceutical, industrial, and animal feed markets worldwide. It was named the world's most-admired food-production company by Fortune magazine for three consecutive years: 2009, 2010 and 2011. The company also provides agricultural storage and transportation services. The American River Transportation Company along with ADM Trucking, Inc., are subsidiaries of ADM.
ADM starts expansion of Santos grain terminal in Brazil U.S. trader Archer Daniels Midland (ADM) said on Tuesday it has begun work on expanding its bulk grains terminal and silo space at Brazil's port of Santos. Greg Morris, ADM's head of processing, said in a statement the work will raise the company's capacity to move grains through the terminal to 8 million tonnes from a current 6 million tonnes annually. The expansion and modernization is also expected to help reduce the trader's emission of particulates of grain dust into the air around its terminal, which had prompted complaints from local businesses and residents. The expansion project is expected to be finished in 2017. "We are continuing also with the expansion of our export terminal ... in Barcarena (in Para state), which will raise capacity to 6 million tonnes annually," Morris said. ADM recently sold a stake in the terminal to commodities rival Glencore. The Barcarena terminal is part of a trend among major grain traders to open export routes through Brazil's northern corridor for grains to avoid logistic bottlenecks moving raw materials through main southern ports. LINK - http://www.msn.com/en-us/money/comp...of-santos-grain-terminal-in-brazil/ar-BBroYxR
New 52wk highs here... ADM beats 3Q profit forecasts DECATUR, Ill. (AP) -- Archer Daniels Midland Co. (ADM) on Tuesday reported third-quarter profit of $341.6 million. The Decatur, Illinois-based company said it had profit of 58 cents per share. Earnings, adjusted for non-recurring costs, came to 59 cents per share. The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share. The agribusiness giant posted revenue of $15.83 billion in the period. ADM shares have risen 19 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 4 percent. The stock has declined slightly more than 4 percent in the last 12 months.
Upcoming dividend information: Ex-Div-Date: 11/14/16 Payment Date: 12/7/16 Dividend: $0.30 Current Price: $46.92 Annual Yield: 2.56%
