Archer-Daniels-Midland Company (NYSE:ADM) is one of the 10 best organic food and farming stocks to buy now. On June 12, the company set off a frenzy in the soybean market by slashing bids to buy oilseed ahead of an expected announcement on biofuel blending.
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The company slashed bids in response to slumping crush margins and abundant soybean stocks. It also came as the company awaited the US Environmental Protection Agency’s decision on blending requirements.
The EPA was expected to propose blending requirements below industry recommendations. There were concerns the requirements would trigger lower-than-expected demand for soy oil to be used in biofuels. Crushers and biofuel producers are becoming increasingly uneasy due to tariff concerns and unclear U.S. biofuel rules. Several biodiesel manufacturers have threatened to reduce or shut down their operations.
Archer-Daniels-Midland Company is one of the leading companies in the organic food industry and a global leader in human and animal nutrition. It purchases crops from farmers and then processes and sells them for food, feed, and energy uses. It operates over 230 processing plants worldwide.
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This article is originally published at Insider Monkey.
