Companies ADM and Planters Cotton Oil Mill have reached an agreement on the creation of a joint venture for the processing of cotton seeds.

On December 16, 2025, ADM and Planters Cotton Oil Mill, Inc. announced the agreement to create a new joint venture for the processing of cottonseed to improve service for both suppliers and customers. Planters will provide the joint venture with its cotton processing plant in Pine Bluff, Arkansas, as well as additional processing and storage facilities located in that region. ADM will provide its cotton processing plant in Memphis, Tennessee; it is expected that the oil processing plant in Memphis will operate as part of the joint venture, while cotton processing at the Memphis plant will cease. The new independent company is expected to be managed by a board of directors with equal representation from both parent companies. 60% of its shares will be owned by ADM. "ADM continues to strengthen its portfolio by realizing opportunities for strategic simplification and ensuring the necessary infrastructure is in place to serve our stakeholders and prepare for continued growth," said ...