We recently compiled a list of the Jim Cramer’s Latest Lightning Round: 10 Stocks to Watch. In this article, we are going to take a look at where Archer-Daniels-Midland Company (NYSE:ADM) stands against the other stocks to watch according to Jim Cramer. The host of Mad Money, Jim Cramer, shared his insights on the persistent issue […]
(Bloomberg) -- Archer-Daniels-Midland Co. will close its only soybean crushing facility in Iowa for several weeks at a time when farmers are harvesting a record crop. Most Read from BloombergWhat Do US Vehicle Regulators Have Against Tiny Cars?Mexico City Restricts Airbnb Rentals to Curb ‘Gentrification’NYC Schools Reverse Course on Cell-Phone Ban After Parents BalkThe Corner Store ComebackRoofs of Mexico City’s Massive Food Market Will Power Public BusesADM’s processing plant in Des Moines will
Archer-Daniels-Midland Co is idling its only soybean processing plant in Iowa for weeks in the thick of a record U.S. harvest, the grain merchant told Reuters, tightening supplies of soymeal fed to livestock. The temporary closure eliminates a market for farmers to sell their soy as low crop prices slash incomes and removes a source of livestock feed for buyers in the U.S. and overseas. Expectations for the shutdown helped push cash soymeal prices at the Gulf export terminal to their highest level in a decade.