By Jacob Bunge
Archer Daniels Midland Co. said its Black Sea grain-trading
operations haven't been affected so far by the escalating turmoil
in Ukraine, though the commodities company is watching the
situation closely.
"Our primary concern is the safety of our employees, all of whom
are safe," a spokeswoman for the Decatur, Ill., company said in a
news release Monday. "We haven't seen any significant impact to
business and continue to monitor the situation."
Ongoing uncertainty over the future of Ukraine, one of the
world's biggest producers of corn and wheat, deepened over the
weekend after Russia shifted military forces into the Crimean
peninsula following months of political unrest in the country,
sparking an international outcry.
ADM, one of the world's largest traders and processors of grain
and oilseeds, runs an inland grain-elevator system, ports and an
oilseed processing plant in Ukraine, where exports continued Monday
despite the unrest, analysts said.
Write to Jacob Bunge at jacob.bunge@wsj.com
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