Good news for ethanol producers like ADM (ADM), Verasun (VSE) and Pacifc Ethanol (PEIX).
The U.S. Department of Agriculture forecast that farmers will harvest 12.3 billion bushels of corn, up more than 570 million bushels from last month's estimate of 11.7 billion. That's down 6% from last year's record crop of 13.1 billion bushels, but 17% above the 2006 harvest.
Two billion dollars is a lot of cash for "general corporate purchases". Sounds more like it is for an "investment in long term opportunity".
Archer Daniels Midland Company (ADM) announced that it plans to offer and sell, subject to market and other conditions, 35,000,000 equity units and to grant the underwriters an option to purchase 5,000,000 additional equity units to cover over-allotments. Each equity unit has a stated amount of $50, for a possible aggregate offering amount of $2 billion if the underwriters exercise their over-allotment option in full.
Two billion dollars is a lot of cash for "general corporate purchases". Sounds more like it is for an "investment in long term opportunity".
Archer Daniels Midland Company (ADM) announced that it plans to offer and sell, subject to market and other conditions, 35,000,000 equity units and to grant the underwriters an option to purchase 5,000,000 additional equity units to cover over-allotments. Each equity unit has a stated amount of $50, for a possible aggregate offering amount of $2 billion if the underwriters exercise their over-allotment option in full.
The Archer Daniels Midland Company (NYSE: ADM) procures, stores, processes, merchandises, and transports agricultural commodities and products in six continents.<!----> It operates in three segments: Oilseeds Processing, Corn Processing, and Agricultural Services (Yahoo! Finance, 2008). ADM is a world leader in the production of soy meal and oil, corn for ethanol and sweeteners, wheat and cocoa.
Company Profile: Archer-Daniels-Midland Company (ADM) (obtained via Google Finance)
Archer-Daniels-Midland Company is engaged in procuring, transporting, storing, processing, and merchandising agricultural commodities and products. The Company’s operations are classified into three business segments: Oilseeds Processing, Corn Processing, and Agricultural Services. The Company’s remaining operations are aggregated and classified as Other. In December 2006, The Hain Celestial [...]
Readers of this space know that one of my preferred sectors is agriculture due to the boom in food consumption created by emerging market economic growth. Real incomes are rising in nations in Asia, Latin America and the Middle East, and with it, per capita food consumption is increasing, a trend that benefits Archer Daniels Midland.
Archer Daniels Midland (NYSE: ADM) is one of the world's largest processors of oilseeds, corn and wheat.
The frenzy that accompanied the financial world's realization that bio could...
Ater the new enrgy bill there is going to be high demand for ethanol,And one of the major ways ethanol is produce is through Corn which is already in high demand ,Adm on the other hand is provider of that product hencewe can expect adm to go up
"I will place a limit order to buy 10 December 30 calls (ADMLF) for $6.00 or better." -Stock Article Link Currently the calls are selling at $4.90, so you would be getting it cheaper than Lenny. Archer-Daniels Midland is one of the nation's leading ethanol producers. Whether ethanol is better or worse for the environment, it's here to stay because it's backed up by the government and Mr.
• ADM is a major processor and merchandiser of agricultural commodities.
• BMO Financial Group's Global Portfolio Strategist, Don Coxe, is now recommending a strong overweighting in agriculturally-related stocks. He believes the investment opportunities in stocks tied to production of grains, oilseeds and meats could be reminiscent of what we saw three years ago in the oil and gas stocks due to increased wealth in the developing world as well as increased biofuel demand.
BUY: Archer Daniels Midland Company (NYSE: ADM) $36.25 (5/7/07) Sell price: $38.06 or Sell date: June 7, 2007Stop loss: $34.15 (-5.8%) Short term typical pullback, pullback may start to slow (at support)Intermediate trend bullish, Uptrend.Stochastic analysis very bullishLike the consolidation above the 50-day MA- good sign this will [...]
Mar 28: This stock has broken out of a Cup n Handle today. We'd take any revisit to the rim line in the next couple of days as an opportunity to take a stab on the long side
You can take a look at the up-to-date chart (as long as the trade is still on) at the following link:
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About Archer Daniels Midland Company
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