Report
Seth Goldstein
EUR 100.00 For Business Accounts Only

Archer Daniels Midland has a solid position in a business where high returns are hard to come by.

Archer-Daniels Midland reported solid second-quarter results, as adjusted operating profits grew roughly 40% year on year to $924 million during the quarter. The growth was driven primarily by increased grain merchandising profits in the originations segment and higher soy crush margins in the oilseeds segment, partially offset by a decline in the carbohydrate solutions segment. Having updated our model to account for higher near-term profitability in the originations and oilseeds segments, we'r...
Underlying
Archer-Daniels-Midland Company

Archer Daniels Midland is a human and animal nutrition and an agricultural origination and processing company. The company has three segments: Ag Services and Oilseeds, which includes activities related to the origination, merchandising, transportation, and storage of agricultural raw materials, and the crushing and further processing of oilseeds such as soybeans and soft seeds into vegetable oils and protein meals; Carbohydrate Solutions, which is engaged in corn and wheat wet and dry milling and other activities; and Nutrition, which engages in the manufacturing, sale, and distribution of an array of products including plant-based proteins, natural flavor ingredients, and flavor systems.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Seth Goldstein

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