Tag: $Archer Daniels

Archer-Daniels-Midland (ADM.N), posted a fall in second-quarter profit on Tuesday, hurt by weakness in oilseed crush margins and weak performance in its grain origination and crushing business.

Archer-Daniels-Midland Co. said it will reduce its work force as the company expects profits to decline for a third straight year.

Archer-Daniels-Midland shares fell 7% premarket on Tuesday after the global grains merchant cut its adjusted annual profit forecast and said it would amend its previous financial statements after finding additional accounting irregularities.

 A spike in bargain-basement crop sales by U.S. farmers needing to make room in storage bins for autumn harvests could boost profitability at grain handlers such as Archer-Daniels-Midland and Bunge Global

Archer Daniels Midland was falling sharply Monday after the agriculture company placed its chief financial officer, Vikram Luther, under administrative leave as it investigates its accounting practices.