ADM Idles Iowa Soybean Crushing Plant During Harvest Season [Yahoo! Finance]
Archer-Daniels-Midland Company (ADM)
Last archer-daniels-midland company earnings: 4/29 04:05 pm
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Source: Yahoo! Finance
facility in Iowa for several weeks at a time when farmers are harvesting a record crop. Most Read from Bloomberg ADM's processing plant in Des Moines will be “down for planned essential maintenance from mid-October through November,” the company said in response to questions sent by email. The move will curb demand for soybeans — while also limiting ADM's ability to profit from processing it into meal and oil — as harvesting of the oilseed used in everything from animal feed quickly advances in the Midwest. Iowa farmers have already collected more than 27% of their crop this year, according to the latest data from the US Department of Agriculture. The ADM facility has capacity to crush nearly 5 million bushels (135,000 metric tons) of soybeans a month, making it the third largest in the US, according to an estimate by agricultural consultant Gordon Denny. The US is poised to harvest a record 124.8 million metric tons of soybeans in the season started in September, according
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ADM
Earnings
- 7/30/24 - Miss
ADM
Sec Filings
- 12/13/24 - Form 4
- 12/13/24 - Form 4
- 12/13/24 - Form 4
- ADM's page on the SEC website