30.
07.20
11:42

Good quarterly figures at ADM

The agricultural trading company ADM published very good quarterly figures today. The company benefits from good margins in the grain and oilseed business.
The world's major grain traders, which include Bunge as well as ADM, are feeling the side effects of the corona pandemic, for example in the ethanol market.
However, ADM benefited from record-high exports from South America to the world market, especially to Asia. In the first quarter of 2020, farmers offered a particularly large number of raw materials from their last harvest.
In the corona crisis, many countries also stocked up on agricultural commodities that were widely available in the surplus regions of the world.
Headquartered in Chicago, USA, the Q2 / 20 quarterly earnings in agricultural services and oilseed processing were $ 413 million.
With many restaurants temporarily closed during the corona crisis and people preparing more meals at home, the demand for cooking oils in North America, Europe, the Middle East and some regions in Africa is falling. Travel restrictions lead to a lower margin for biofuels.
The margins for industrial ethanol decreased, but the demand for disinfectants that ADM produces and sells from ethanol increased.

Source
Hansa Terminhandel GmbH
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