More Resources

Archer Daniels Midland Co.

Food & Drink Weekly • Jan 14, 2008 • BUSINESS BRIEFS ...
Article Tools
T   |   T
TEXT SIZE:
printPrint
E-MailE-Mail

Add to My Bookmarks

Adds Article to your Entrepreneur Assist Bookmark page.

After years of lying fallow on Wall Street, the stocks of companies catering to soaring worldwide demand for food and biofuels sprouted in 2007. A thirst for ethanol caused shares of Archer Daniels Midland Co. to jump 45 percent, while Deere & Co., the world's largest producer of farm equipment, saw its stock nearly double. The top winner: CF Industries Holdings Inc., a maker of fertilizer, with a stock that more than tripled. "The impact of food and fuel was enormous in 2007, and the momentum should continue this year," said Chicago investment manager William Hummer. Companies with huge exports, notably Deere and McDonald's, did especially well because of a weakening dollar, he said.


COPYRIGHT 2008 Informa Economics, Inc. Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.
Copyright 2008, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
NOTE: All illustrations and photos have been removed from this article.


Browse by Journal Name:
Today on Entrepreneur

e-Business & Technology
Franchise News
Business Book Sampler
Starting a Business
Sales & Marketing
Growing a Business
E-mail*:
Zip Code*: