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ADM and Planters Cotton Mill agreed to launch a cottonseed joint venture combining Planters' Pine Bluff crush plant and ADM's Memphis cottonseed facility. The Memphis refinery will operate in the venture while its crushing ends.
ADM will hold 60% ownership with equal board representation.
Consolidating cottonseed crushing in the Mid-South may reduce regional crush volume and change meal and oil flows, which matters for feed buyers sourcing cottonseed meal.
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Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.