What is Foolsaurus?

It's a glossary of investing terms edited and maintained by our analysts, writers and YOU, our Foolish community.

Archer Daniels Midland

Archer Daniels Midland (NYSE: ADM)

Company Description

Archer Daniels Midland Company procures, transports, stores, processes, and merchandises agricultural commodities and products primarily in the United States. It operates in three segments: Oilseeds Processing, Corn Processing, and Agricultural Services.

Archer Daniels, through its other subsidiaries, provides commodities broking services; foreign exchange services; and participates in third-party reinsurance arrangements. The company was founded in 1898 and is based in Decatur, Illinois.

In 2014, ADM announced the acquisition of Wild Flavors, a flavors and fragrances firm best known for naturally derived flavors and colors used in foods and beverages.

In 2011, ADM began production of biobased propylene glycol, presumably from co-product glycerine (from the manufacture of biodiesel from canola and soybean oil). In 2015, Clariant added ADM's bio-propylene glycol to two aircraft deicer formulations.

Related Companies

Recent Mentions on Fool.com