Archer Daniels Midland Co (ADM.N)
23 May 2018
* Seen as goodwill gesture while China vice premier in Washington
CHICAGO/NEW YORK Global grain merchants Archer Daniels Midland Co and Bunge Ltd can withstand agricultural trade disruptions arising from U.S.-China tensions and potentially profit from them, company executives said on Wednesday.
CHICAGO, May 16 Global grain merchant Archer Daniels Midland Co (ADM)feels it can manage its supply chain to adapt to China's threatened tariffs on imports of U.S. soybeans, Chief Financial Officer Ray Young said on Wednesday.
* Prolonged China-U.S. trade standoff would hit plant utilization (Adds details, CEO comment on outlook)
SINGAPORE, May 10 Singapore-listed commodity trader Wilmar International Ltd posted a 40.6 percent fall in its first-quarter net profit on Thursday, citing weaker performance in its tropical oils segment and seasonal losses in its sugar business.
* ARCHER DANIELS MIDLAND CO - NEW DIRECTOR MICHAEL S. BURKE ELECTED
May 2 U.S. soybean sales to China ground to a halt after Beijing threatened tariffs on imports, the CEO of agricultural trader Bunge Ltd said on Wednesday, the latest sign of mounting trade tensions upsetting the global flow of commodities.
May 1 Archer Daniels Midland Co on Tuesday reported a 16 percent increase in quarterly profit, boosted by improved results in its soybeans business, even as the company warned that the ongoing U.S.-China trade dispute could pinch revenues in coming quarters.
CHICAGO U.S. agricultural commodities trader Archer Daniels Midland Co said on Tuesday it will take a $30 million hit to its trading profit in the second quarter due to a trade dispute between China and the United States over the feed grain sorghum.
CHICAGO, May 1 U.S. agricultural commodities trader Archer Daniels Midland Co said on Tuesday it will take a $30 million hit to its trading profit in the second quarter due to a trade dispute between China and the United States over the feed grain sorghum.