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Stock impact report

Archer-Daniels-Midland Co.: Why Soybeans Will Be A Key Driver For Earnings Growth [Seeking Alpha]

Archer-Daniels-Midland Company (ADM) 
Last archer-daniels-midland company earnings: 4/29 04:05 pm Check Earnings Report
US:NYSE Investor Relations: adm.com/contact-us/investor-relations
Company Research Source: Seeking Alpha
Soybean prices have dropped since January 2020 as most agricultural products have been trading in a range-bound market. I wrotethis articleSOYBSource:In the six-month stock analysis shown above, the ETF has experienced intermittent volatility, dwindling from $15.9 in November 2019 to $13.63 in April 22, 2020. It appears the price has reached support as it recorded a rise of 0.96%. This increase was after China came back online after importing a Brazilian soybean consignment in mid-April 2020.My assumption was the expected increase of Chinese agricultural imports against dwindling global supply. While there was a decrease in global production, the advent of the COVID-19 pandemic disrupted Chinese agricultural demand.ThesisDespite the reduction of soybeans futures by 11.9% from $954.50 recorded on January 9th, 2020 to $840.88 on April 15th, 2020, there is optimism in the agricultural sector due to the increasing demand against production, growth in exports from Brazil, and higher vegeta Show less Read more
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