Short and long-term winner
When we looked to increase our exposure to the agriculture industry in June this year it wasn’t because we thought any of the companies in the sector were due an immediate rise. As we wrote at the time, the world’s expanding population and geopolitical uncertainty had highlighted the long-term need for reliable sources of food. And so we added this US food processing and commodities trading giant to our portfolio.
The fact that we ended up adding the company to our portfolio when it was just a few weeks short of its recent nadir has been an unexpected pleasure. The 24% share price rise in the last three months is a rare ray of optimism amid the doom and gloom of the markets right now.
Archer-Daniels-Midland (US:ADM) was founded in Minnesota in 1902 when Charles Archer and John Daniels began…
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