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Sankusky, OH | DOJ Launches Investigation Into ADM Over its Accounting. The Global corporate outlook conditions for Archer-Daniels-Midland Company are deteriorating.
Credit/Cash-crunch
-On elevated interest rates
- lack of china demand,
-write-offs in Ukraine,
-abysmal crush margins, -a probe by DOJ into its derivatives accounting.
The company bets, that I hope, are not on the wrong-side...
ADM= buy counterparties for hundred of grains elevators and coops. I don't want to pitch rocks on anybody but it is what the story looks like.
My local elevator is a coop that does $250K outurns at ADM times 5X day a week. $1,250,000
Edited by DBC farmer 2/6/2024 16:39
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DOJ Launches Investigation Into ADM Over its Accounting
