US farmers shun buyers, cling to unsold corn as prices slump [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
ethanol plants asking to buy the corn locked away in his bins when prices neared 4-1/2-month peaks last month. He sold some, but is waiting for buyers to up their bids to sell more. Prices have since eased and are hovering just above three-year lows posted in February. "There's a lot of corn out there but it's sitting in the farmers' bins and not the end-users' hands," Kroupa said. After stockpiling crops for much of this season due to low prices, many farmers in the world's largest corn-producing nation continue to shun buyers despite few signs that prices will improve. Grain supplies are ample and early ratings of summer crops are the best in years. A larger-than-normal volume of grain remains unsold, according to Reuters interviews with 15 grain farmers across the U.S. Midwest. By September 2025, U.S. corn inventories are expected to reach a six-year high, according to the U.S Agriculture Department. Uncertainty around if and when farmers will liquidate their stocks could
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- Wheat Procurement Market Supply at 1244 MMT, Consumption at 781 MMT for 2023-2024 | ELINT Market Research [Yahoo! Finance]Yahoo! Finance
ADM
Earnings
- 4/30/24 - Beat
ADM
Sec Filings
- 6/6/24 - Form 4
- 6/6/24 - Form 4
- 6/6/24 - Form 4
- ADM's page on the SEC website