Archer Daniels Midland (ADM) PT Raised to $111 at Stifel
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Go back to Archer Daniels Midland (ADM) PT Raised to $111 at Stifel
April 26, 2022 8:54 AM EDT
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April 26, 2022 7:07 AM EDT
By Karl Plume and Ruhi Soni
(Reuters) - Global supplies of key crop staples will remain tight for at least two years after harvest shortfalls in some countries and shipping disruptions triggered by Russia's invasion of Ukraine, Archer-Daniels-Midland Co said on Tuesday.
Demand will likely outpace supplies until at least 2024, resulting in high crop prices that will draw grain stocks out of storage and encourage South American farmers to plant more, the grains merchant said after posting a better-than-expected quarterly profit.
"We are already tight from a supply-demand perspective and we will get tighter as demand... More
April 26, 2022 7:00 AM EDT
Archer Daniels Midland (NYSE: ADM) reported Q1 EPS of $1.90, $0.50 better than the analyst estimate of $1.40. Revenue for the quarter came in at $23.65 billion versus the consensus estimate of $20.61 billion.
For earnings history and earnings-related data on Archer Daniels Midland (ADM) click here.
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