ADM Donates $250,000 to North Dakota State University for Commodity Trading Room
Archer Daniels Midland Company (NYSE: ADM) today announced a $250,000
donation to North Dakota State University that will be used for the
development of the Commodity Trading Room at Barry Hall. The Commodity
Trading Room will be a teaching platform for commodity trading, risk and
logistics, and will include advanced information sources, trading
software and analytical tools.
'As a global agricultural business that connects crops with markets
around the world, ADM relies on the acumen of our commodity
merchandisers every day,? said Scott Nagel, president, ADM-Benson Quinn.
'North Dakota State University has a long tradition of preparing
students for the complex world of agricultural commodity trading, and we
are pleased to help them continue this leadership with our investment in
the Commodity Trading Room. We are confident it will help develop the
next generation of industry leaders.?
'This is a continuation of NDSU agriculture investing, in collaboration
with industry partners, to keep its research and teaching state of the
art,? says Ken Grafton, NDSU College of Agriculture, Food Systems and
Natural Resources dean and North Dakota Agricultural Experiment Station
director. 'NDSU will have the ability to escalate the sophistication of
training so our students are better prepared for their careers.?
The Commodity Trading Room will feature a trading room atmosphere with
market information displays; 32 seats with computers and access to
information and software; access to information from Thompson-Reuters
and other information providers; trading/analytical software and trade
simulation packages to allow direct trading on a live platform; position
report software; commodity logistics software, such as EKA and Triple
Point; and software for risk analysis, forecasting and logistics.
Work on the Commodity Trading Room will begin this summer, and it will
be ready for students this fall.
ADM′s $250,000 contribution is being funded through ADM Cares, the
company′s social investment program that directs funds to initiatives
and organizations that drive meaningful social, economic and
environmental progress worldwide. The program comprises three distinct
focus areas: supporting the responsible development of agriculture,
improving the quality of life in ADM communities and fostering employee
giving and volunteer activities.
About ADM
Every day, the 30,000 people of Archer Daniels Midland Company (NYSE:
ADM) turn crops into renewable products that meet the demands of a
growing world. At more than 265 processing plants, we convert corn,
oilseeds, wheat and cocoa into products for food, animal feed, chemical
and energy uses. We operate the world′s premier crop origination and
transportation network, connecting crops and markets in more than 75
countries. Our global headquarters is in Decatur, Illinois, and our net
sales for the fiscal year ended June 30, 2011, were $81 billion. For
more information about our company and our products, visit www.adm.com.
ADM Media Relations
217-424-5413
media@adm.com
