Smaller crop supplies in the Americas, the war in Ukraine, and droughts in Brazil could result in years of tight crop supplies despite a previous profitable quarter for the industry.
Crop traders like ADM are taking advantage of strong margins, Stephens Inc. analyst Ben Bienvenu said in a note after earnings were released. “We expect ADM to continue chugging along in this constructive fundamental backdrop,” said Bienvenu.
Stephens Private Wealth Management Hires Senior Vice President and Financial Consultant Mark Yadgaroff
Stephens Hires Mike Preston as Head of New Investment Banking Site & Incentives Adivsory