Archer Daniels (ADM) Offering Possible 6.38% Return Over the Next 30 Calendar Days

Archer Daniels's most recent trend suggests a bullish bias. One trading opportunity on Archer Daniels is a Bull Put Spread using a strike $65.00 short put and a strike $55.00 long put offers a potential 6.38% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $65.00 by expiration. The full premium credit of $0.60 would be kept by the premium seller. The risk of $9.40 would be incurred if the stock dropped below the $55.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Archer Daniels is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Archer Daniels is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Archer Daniels

The Zacks Analyst Blog Highlights: Cincinnati Financial, Archer-Daniels-Midland Co, Tradeweb Markets, Watsco and Lennox International
Fri, 14 May 2021 11:59:11 +0000
The Zacks Analyst Blog Highlights: Cincinnati Financial, Archer-Daniels-Midland Co, Tradeweb Markets, Watsco and Lennox International

Volatility Returns on Inflation Concern: 5 Top Low-Beta Picks
Thu, 13 May 2021 11:23:11 +0000
We have narrowed down our search to five low-beta stocks that have strong growth potential for 2021. These are: CINF, TWLII, WSO, ADM and LII.

Top 5 1st-Quarter Buys of Murray Stahl's Horizon Kinetics
Wed, 12 May 2021 20:54:37 +0000
Value-oriented firm releases quarterly portfolio

Soybean Futures Touch $16 in Chicago, Highest Since 2012
Tue, 11 May 2021 15:49:36 +0000
(Bloomberg) — Soybean futures touched $16 on Tuesday for the first time since 2012 as concerns mount over a supply crunch.Surging Chinese demand and bad weather in key global-growing areas are stoking fears of grain shortages. China’s expanding hog herds need soybean meal, so the Asian nation has been buying massive amounts of the oilseed off global markets.The economic recovery from the pandemic is driving demand for agricultural goods generally, draining stockpiles and fueling food-inflation concerns.Restaurants are reopening amid easing Covid-19 restrictions need vegetable oils for cooking, and the renewable diesel industry is expanding. All of that is ramping up demand for the bean’s oil. On Monday, Archer-Daniels-Midland said it was building a new $350 million soy crushing facility.A U.S. report due Wednesday will give an updated look at expectations for global grain inventories.Soybeans for July delivery rose by as much as 2.4% to $16.255 a bushel in Chicago.(Updates with soybean oil, ADM commentary in fourth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

Buoyed By Demand, ADM to Build Soybean Crushing Plant In North Dakota
Tue, 11 May 2021 13:33:27 +0000
Agricultural commodities, food processing, and products provider Archer-Daniels-Midland Company (ADM) plans to build a soybean crushing plant and refinery in North Dakota. ADM has been seeing higher demand from its food, feed, industrial and biofuel customers, as well as from producers of renewable diesel. The new plant, which calls for an estimated outlay of about $350 million, will have the capacity to process 150 thousand bushels of soybeans daily. ADM expects the plant to be completed before the harvest season of 2023. ADM President of Ag Services and Oilseeds business Greg Morris said, “ADM’s commitment to preserving and protecting our planet’s resources stretches from the farm gate to the food on our tables and the renewable fuel we put in our vehicles.” Morris added, “This exciting new project allows us to partner with North Dakota farmers to further advance the role of agriculture in addressing climate change through the production of low carbon feedstocks for products such as renewable diesel.” Furthermore, ADM will invest about $25 million on the expansion of its refining and storage capacity at its Quincy, Illinois crush and refining plant. The added capacity is estimated to be ready by Q1 2022. (See ADM stock analysis on TipRanks) On May 3, Barclays analyst Benjamin Theurer reiterated a Buy rating on the stock and increased the price target to $75 (10.9% upside potential) from $60. Theurer attributed the upward target price revision to a systemic shift in the Chinese pork industry, future benefits from renewable green diesel, and adjusted operating profit of $1 billion from Nutrition. Based on 7 Buys and 3 Holds, consensus on the Street is that ADM is a Moderate Buy. The average analyst price target of $68.70 implies the stock is fairly priced. Shares have gained about 85.8% over the past year. Related News: Cigna’s Earnings Beat Expectations, 2021 Outlook Raised Nikola’s 1Q Loss Widens, Management Upbeat About The Future AAM To Secure $5 Million Funding As 1Q Results Impress More recent articles from Smarter Analyst: FDA Gives Emergency Use Nod to Pfizer/BioNTech COVID-19 Vaccine in Adolescents Yum! Brands Authorizes $2B Stock Buyback; Will Pay Quarterly Dividend of $0.50 Workhorse’s Q1 Revenue Jumps, 2021 Production Target Lowered AbbVie Unit To Acquire Soliton For $550M To Boost Aesthetics Unit

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