Third teenager charged with second-degree murder | SaltWire #newsupdate #news #halifax #police -Global grain trader Archer-Daniels-Midland beat market estimates for first-quarter 2024 profit on Tuesday, bolstered by lower costs, as it seeks to move on from accounting issues that triggered U.S. government probes into the grain merchant.
ADM and its trading and processing rivals Bunge and Cargill Inc have seen their profits pressured as global crop supplies have swelled and prices slumped from recent historic highs. Crush margins have declined in South America amid a rise in processing capacity. U.S. oilseed processors crushed record volumes of soybeans in February and March, but margins have thinned as soyoil prices slumped.
In March, ADM announced a plan to fix accounting issues that caused it to correct certain transactions between business units over six years of financial results. It confirmed some employees have received grand jury subpoenas from the Department of Justice which is investigating its accounting practices.
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