# Accounting probe hits ADM as crop glut, lower margins point to tough 2024 | Reuters

> ADM faces an accounting probe as the company deals with a crop glut and lower processing margins heading into 2024. Reuters reports that the company expects a tough year.

- Date: 2024-01-23 · published 2024-01-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/32117-accounting-probe-hits-adm-as-crop-glut-lower-margins-point-to-tough-2024-reuters
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Pressure on processor margins and a possible slowdown in crush activity could reduce demand for soybean meal and oil. The story mainly affects company outlook rather than immediate supply.

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/accounting-probe-hits-adm-crop-glut-lower-margins-point-tough-2024-2024-01-23/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.