ADM CEO Luciano Says ADM's AG Services And Oilseeds Unit In "Transition" Year As Global Supplies, Demand Rebalance; Forecast For AG Services And Oilseeds Unit Heavily Weighted On Q4 Business; Expects To Have More Visibility On Unit Performance As Adm "Puts More Business" Into Q4
Portfolio Pulse from Benzinga Newsdesk
ADM CEO Luciano stated that ADM's AG Services and Oilseeds unit is in a 'transition' year due to rebalancing global supplies and demand. The unit's forecast is heavily dependent on Q4 performance, with more visibility expected as more business is directed into Q4.
July 30, 2024 | 1:55 pm
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ADM's AG Services and Oilseeds unit is experiencing a transition year due to global supply and demand rebalancing. The unit's performance forecast is heavily dependent on Q4 results, with more clarity expected as more business is directed into Q4.
The news indicates that ADM's AG Services and Oilseeds unit is in a transition phase, with its performance heavily reliant on Q4 results. This creates uncertainty in the short term, making the stock's immediate direction neutral until more information is available.
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