Archive for 2021

Vietnam to reduce tariffs on imported US grain

ARLINGTON, VIRGINIA, US – US wheat and corn growers received welcome news on Nov. 16 as the Vietnam government announced it would eliminate its 3% tariff on US wheat imports and reduce its tariff on imported US corn from 5% to 2% by the end of the year.

The decree, which will go into effect on Dec. 30, was praised by US agricultural trade groups.

“US wheat exports to Vietnam’s growing market are much slower so far this year because of short ...

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ADM opens new animal nutrition lab

ROLLE, SWITZERLAND – Archer Daniels Midland (ADM) announced on Nov. 15 the opening of its new animal nutrition laboratory located in Rolle, Switzerland.

The new lab will support the development of science-based feed additives to meet customer needs for petfood, aquaculture and livestock species worldwide, the company said.

ADM said scientists in the lab will accelerate the development of innovative products to address some of the main challenges of animal production with sustainability at the forefront. For example, scientists will develop precise ...

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Millers seek help fighting supply chain bottleneck

WASHINGTON, DC, US — Grain millers have reached out to US President Joe Biden seeking a partner in the mission to alleviate massive US supply chain challenges propelling prices higher amid growing shortages of critical ingredients such as gluten, emulsifiers, and soybean oil, along with packaging.

The North American Millers’ Association, along with other key supply chain stakeholders in the agricultural, foodservice, trucking, warehousing, manufacturing, retail, construction and energy sectors, published an open letter to Biden on Nov. 3.

Five supply chain ...

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ADM to acquire Deerland Probiotics & Enzymes

Chicago, ILLINOIS, US — ADM has reached an agreement to acquire Kennesaw, Georgia, US-based Deerland Probiotics & Enzymes, a transaction ADM said will significantly expand its broad portfolio of health and wellness products and solutions. Financial terms of the transaction were not disclosed.

“The microbiome represents one of ADM’s six strategic growth platforms, and with global demand for health and wellness products estimated at more than $775 billion, today’s investment represents a significant step forward for ADM,” said Juan Luciano, chairman ...

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Wheat futures: How high can they go?

WASHINGTON, DC, US – Kansas City and Minneapolis wheat futures posted new contract and multi-year highs this week. The Minneapolis continuous spring wheat future (with the December 2021 contract the current leading month) traded up to $10.47 a bushel on Oct. 26, eclipsing the most recent previous high at $10.35 in July 2012. A test of the May 2011 high at $10.78 a bushel was viewed as possible.

The Kansas City continuous wheat future (with the December 2021 contract the leading ...

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Strong gains in Ag Services and Oilseeds lift ADM quarterly profit

CHICAGO, ILLINOIS, US — Agile execution across a tightly integrated supply chain, boosted in large part by strong gains in the Ag Services and Oilseeds division, buoyed third-quarter earnings and revenues at ADM.

Net earnings at ADM totaled $526 million in the third quarter ended Sept. 30, equal to 93¢ per share on the common stock, up 134% from $225 million, or 40¢ per share, in the same period a year ago. Revenues in the quarter surged 34%, increasing to $20.34 ...

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Milling operations: Considerations for future mill designs

The June 2021 issue of World Grain included an article, “The Past, Present, and Future of Milling,” written by World Grain Editor Arvin Donley. Milling industry leaders provided their insights covering the history and future of the milling industry. The purpose of this article is to offer some additional thoughts relative to the future of mill design development in the hope that a seed might be planted for future inquiry and development of milling process design and management.

A wheat flour ...

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ADM, Gevo to partner on sustainable aviation fuel

CHICAGO, ILLINOIS, US — ADM and Gevo, Inc. will work together to support the production of sustainable aviation fuel and other low carbon-footprint hydrocarbon fuels.

As part of the memorandum of understanding, ethanol and isobutanol would be transformed into renewable low carbon-footprint hydrocarbons, including SAF, using Gevo’s processing technology and capabilities.

About 900 million gallons of ethanol produced at ADM’s dry mills in Columbus, Nebraska, US; Cedar Rapids, Iowa, US; and Decatur, Illinois, US, is expected to be processed with this technology. ...

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ADM agrees to sell Peoria ethanol plant

CHICAGO, ILLINOIS, US – Archer Daniels Midland Co. (ADM) announced on Oct. 21 that it has reached an agreement to sell its ethanol production complex in Peoria, Illinois, to BioUrja Group, a Houston, Texas, US-based company.

Juan Luciano, ADM’s chief executive officer, said the sale of the Peoria facility was an important element of the strategic review of its dry mill ethanol assets.

“By reducing our ethanol capacity by 135 million gallons and redeploying the resulting capital to other strategic growth investments, ...

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Advanced renewables a trend to watch, ADM says

CHICAGO, ILLINOIS, US — Advanced renewables, plant-based lifestyles, clean and transparent sourcing, and sustainable goodness are among the eight trends ADM sees fueling current and future global growth.

Drawing on research from its Outside Voice consumer insights platform, the company’s top trends for 2022 point the way for ADM’s innovation, renovation and development platforms, the company said. Many of the trends are being shaped by the coronavirus pandemic that has lingered for the past 18 months.

“Consumers today continue to navigate a ...

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