ADM tries to stimulate soybean sales among US farmers amid low prices

to its Decatur, Illinois, plant and set a final selling price later — without paying for storage, two sources said. In exchange, ADM will take ownership of the soybeans, allowing the company to process the crop, they added. Record harvests are weighing on prices, and farmers are suffering from high costs for fertilizer and other inputs. In addition, China, the largest importer of soybeans, has switched to South America in response to trade tariffs imposed by the Donald Trump administration this year, depriving American farmers of a key market. Many farmers are storing soybeans in storage, hoping for better prices in the future, analysts say, leaving large U.S. processors with less of their raw material. ADM’s offer, known as “free deferred pricing,” will run through the end of October, and farmers who join the program will be able to set their selling price through September 2026, a company official said. “It means they need soybeans, they don’t have enough to keep them going,” ...