ADM

Global agribusiness companies Archer-Daniels-Midland and Bunge likely turned in solid earnings in the third quarter despite weeks of suspended shipping caused by Hurricane Ida. Industry analysts expect good earnings numbers when the companies release their respective reports this week ...

A report from the Washington Post questions a real estate transaction made by Sonny Perdue just after his selection to be Agriculture Secretary in 2017. The Washington Post reports Purdue's now-former company bought a small grain facility in South Carolina for $250,000, while ADM purchased the facility six years prior for $5 ...

Talks between ADM and Bungee are advancing, and ADM says it could reach an agreement to purchase Bungee as soon as this week. Archer Daniels Midland, or ADM, proposed a takeover of Bunge last month, as Reuters points out that large grain traders that make money by buying, selling, storing and shipping commodity crops have struggled with global oversupplies and thin margins...

Archer Daniels Midland, filed a lawsuit against the Canadian Pacific Railway over service disruptions in 2013 and 2014.  Reuters reports the lawsuit alleges the Canadian Pacific Railway delays at corn processing plants in North Dakota and Minnesota stemmed partly from cost-cutting and the Canadian railroad’s pursuit of merger partners.  Chicago-...