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Archer-Daniels-Midland Company engages in the procurement, transportation, storing, processing, and merchandise of agricultural commodities and products. The company operates in three segments: Oilseeds Processing, Corn Processing, and Agricultural Services. Its Oilseed Processing segment processes oilseeds, such as soybeans, cottonseed, sunflower seeds, canola, peanuts, and flaxseed into vegetable oils and meals for the food and feed industries. This segment sells crude vegetable oil by refining, bleaching, and deodorizing into salad oils. It sells partially refined oil for use in chemicals, paints, and other industrial products. This segment also produces oilseed meals used in the manufacture of commercial livestock and poultry feeds; cottonseed flour for the pharmaceutical industry; and cotton cellulose pulp for the chemical, paper, and filter markets. The companys Corn Processing segment engages in wet milling and dry milling corn operations, which produce syrup, starch, glucose, dextrose, and sweeteners. It also produces corn gluten feed and meal, as well as distiller grains for use as feed ingredients. This segment produces alcohol, amino acids, and other specialty food and feed ingredients for various industrial uses. It produces astaxanthin, which is used in aquaculture, as well as citric and lactic acids, lactates, sorbitol, and xanthan gum. The Agricultural Services segment engages in buying, storing, cleaning, and transporting agricultural commodities, such as oilseeds, corn, wheat, milo, oats, and barley and reselling these commodities to the agricultural processing industry. The company engages in milling wheat, corn, and milo into flour, which are sold to commercial bakeries, food companies, food service companies, and retailers. It produces bakery products and mixes for the baking industry. The company also produces milo to produce industrial flour used in the manufacturing of wallboard. It distributes its products directly to other manufacturers and processors. Archer-Daniels-Midland was founded in 1902 and is headquartered in Decatur, Illinois.
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