Jump to navigation

Free Newsletter Modern Trader Follow

Main menu

  • Futures
    • Modern Trader Magazine
    • Commodities
    • Futures Mag Archives
    • ETFs
    • Financials
    • Forex
    • Managed Funds
    • Market Analysis
    • News
    • Options
    • Regulation
    • Technology
    • Trading Strategies
    • Education
    • Futures Op-Ed
  • Favorites
    • Alpha Pages Most Popular
    • Futures Magazine
    • Modern Trader Magazine
    • Most Popular
    • Slideshows & Lists
    • Special Topics
      • Alpha Hunters
      • Bad Boys
      • FINtech
      • High-Frequency Trading
      • Trader's Life
      • Trading Strategies
      • FUTURES MAG's 500th ISSUE
      • We asked traders
  • Traders
    • Market Data
    • Hot Charts
    • Interactive Charts
    • Trading Calendar
  • FINalternatives
  • Hard Assets
    • Home
    • Base Metals
    • Precious Metals
    • Rare Earth Metals
    • Commodities
    • Mining Investments
    • Slideshows
  • Modern Trader
    • Subscribe
    • Past Issues
  • All +
    • Follow Us +
      • FuturesMag
      • Newsletters
      • Facebook
      • Google+
      • Linkedin
      • Twitter
      • RSS Feeds
    • About Us +
      • About
      • Advertise
      • Contact
      • Contribute
      • Privacy Policy
  • !
Follow Futures          
       
more >>

We Asked Traders

We asked traders for their opinion on the launch of bitcoin futures

Sponsored Content

Trading

Equities.com launches unlimited trading via Tradier Brokerage, Transforming into a news & fintech portal

Featured Topics

more Commodities>>

Commodities

Energy demand steps back in play
Advertisement
more Volatility>>

Volatility

Volatility & opportunity in the energy sector
more Financials>>

Financials

Daily Price Action: E-mini S&P 500
more Options>>

Options

Trading Vertical Option Spreads

Advertisement

10 top global commodity trading firms: Smart money or bad boys?

The smart money typically are the men behind the curtain. Who are they and what do they do?

By Ginger Szala

July 25, 2013 • Reprints

9)   ARCHER DANIELS MIDLAND CO.

FY 2012 revenue: $ 89.03 billion

FY 2011 Revenues: $80.6 billion 

CEO: Patricia Woertz  

Founded: 1902 in Minneapolis, Minn., by John Daniels and George Archer 

Headquarters: Decatur, Ill., listed on the NYSE  

Focus: Oilseeds, corn processing, agricultural services, storage and transportation, wheat milling, cocoa processing and food ingredients business. Recently finalized a takeover of Australia-based GrainCorp for $3.1 billion. ADM Investor Services is a clearing member of the CME Group exchanges.

Bad behavior: Who hasn’t heard of the famous price fixing scheme of lysine and citric acid in the 1990s? ADM ended up paying a then-record of $100 million anti-trust fine. The story was captured on film in “The Informant!” in which ADM executive and whistleblower Mark Whitacre worked with the FBI to uncover price fixing. More recently ADM has been charged with violations of the Foreign Corrupt Practices Act, in which it was accused of bribing foreign officials. Reportedly, the firm has set aside $25 million in potential fines.

<<< previous
Page 3 of 11
>>next >

About the Author

In her many years covering the futures industry Ginger has interviewed some of today's best global hedge fund and commodity trading advisors. Ginger received a master's degree in journalism at Northwestern University's Medill School of Journalism and a bachelor’s in communication arts from the University of Wisconsin – Madison

Related Articles
Energy demand steps back in play
Crude shoulder season blues
Crude corrects on production pop, but demand side is looming
Oil risk factors rise
Refiners work overtime as crude inventories drop
Previous
Jobless claims in U.S. rose by 7,000 to 343,000 last week
Next
U.S. stocks fluctuate, bonds little changed amid earnings, data
Related Terms
oil 6597Bloomberg 5254energy 3807Metals 3359crude oil 3328metal 3075Energies 2981natural gas 1979natural gas 1593finance 1292Grains 1192crude oil 1033food 887Goldman Sachs 868CME Group 851New York 841United Nations 783electricity 700steel 674Illinois 599Connecticut 587Chicago Board of Trade 574JP Morgan 381the Financial Times 379transportation 369Dubai 327Xstrata 310energy markets 291Iowa 249Minnesota 228insurance 171Chevron 161oil consumption 159agricultural products 154Federal Bureau of Investigation 147petroleum products 113ExxonMobil 104Tea Party 76Glencore 63media outlets 55fuel oil 51Sinopec 45energy trading 38natural gas pipeline 35oil trader 30oil assets 27University of Houston 19Ivan Glasenberg 17China Investment Corp. 14state-owned energy 13EU Commission 13Craig Pirrong 11Tony Hayward 11ADM Investor Services 10Marc Rich 10Bad Boys 9adm 7physical trader 7Gennady Timchenko 7Koch Industries 5Marc Rich & Co. 5Charles Koch 5Patricia Woertz 4Vitol 3Cargill 3oil-for-food program 3food ingredients 3massive oil spill 3Global Financial Markets Association 3Alberto Weisser 3Mercuria 2agribusiness 2Mercuria 2Georgia-Pacific 2cocoa processing 2corn processing 2palm oil plantations 2agricultural services 2David Koch 2Marco Dunand 2Daniel Jaeggi 2Graham Sharp 2Richard Elman 2Ian Taylor 2Greg Page 2Bunge 1GlencoreXtrata 1Koch 1Trafigura 1Noble Group 1Gunvor 1GrainCorp 1GUNVOR GROUP 1Torbj 1CARGILL 1Vesta Terminal BV 1soy processing port 1head oil trader 1oil and gas trader 1oil-for-food program bribes 1infamous commodity trader 1multi-billion dollar mining 1oil liquid 1Ivory Coast government 1Dutch court 1de Turkheim 1John Daniels 1George Archer 1William Wallace 1Mark Whitacre 1Probo Koala 1Soren Schroder 1Yusuf Alireza 1Jeff Frase 1Vitol 1Claude Dauphin 1Johann Peter Gottlieb Bunge 1Fred Koch 1

Free Newsletter Modern Trader Follow

Main menu

  • Futures
    • Modern Trader Magazine
    • Commodities
    • Futures Mag Archives
    • ETFs
    • Financials
    • Forex
    • Managed Funds
    • Market Analysis
    • News
    • Options
    • Regulation
    • Technology
    • Trading Strategies
    • Education
    • Futures Op-Ed
  • Favorites
    • Alpha Pages Most Popular
    • Futures Magazine
    • Modern Trader Magazine
    • Most Popular
    • Slideshows & Lists
    • Special Topics
      • Alpha Hunters
      • Bad Boys
      • FINtech
      • High-Frequency Trading
      • Trader's Life
      • Trading Strategies
      • FUTURES MAG's 500th ISSUE
      • We asked traders
  • Traders
    • Market Data
    • Hot Charts
    • Interactive Charts
    • Trading Calendar
  • FINalternatives
  • Hard Assets
    • Home
    • Base Metals
    • Precious Metals
    • Rare Earth Metals
    • Commodities
    • Mining Investments
    • Slideshows
  • Modern Trader
    • Subscribe
    • Past Issues
  • All +
    • Follow Us +
      • FuturesMag
      • Newsletters
      • Facebook
      • Google+
      • Linkedin
      • Twitter
      • RSS Feeds
    • About Us +
      • About
      • Advertise
      • Contact
      • Contribute
      • Privacy Policy
  • !
images