# AARCHER DANIELS MIDLAND (ADM), SIGNS NEW LEASE IN APRIL - Biz New Orleans

> ADM signed a 20-year lease, with a five-year renewal option, for its Reserve, Louisiana export grain elevator in April 2018. The facility has 3.7 million bushels of storage and employs 106 people directly.

- Date: 2018-09-26 · published 2018-09-26T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/62916-aarcher-daniels-midland-adm-signs-new-lease-in-april-biz-new-orleans
- Commodities: [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

The lease secures continued export capacity at a major South Louisiana grain terminal, but it does not change supply or demand for grain.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-08-01 | [Archer Daniels Midland, Pacific Ethanol Hold Out Hope for Trade Deal With China](https://feedsoft.ai/events/57585-archer-daniels-midland-pacific-ethanol-hold-out-hope-for-trade-deal-with-china.md) | -3.0% | -7.6% |
| CORN | 2021-11-12 | [Soybean meal leads beans, corn higher - Brownfield Ag News](https://feedsoft.ai/events/7050-soybean-meal-leads-beans-corn-higher-brownfield-ag-news.md) | -1.1% | +3.4% |
| CORN | 2018-11-08 | [ICYMI: Grains Leadership Meets Customers, New Administration Officials In Mexico - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/62021-icymi-grains-leadership-meets-customers-new-administration-officials-in-mexico.md) | -6.8% | -0.4% |
| CORN | 2019-08-23 | [Soybeans, corn sink on demand concerns - Brownfield Ag News](https://feedsoft.ai/events/57622-soybeans-corn-sink-on-demand-concerns-brownfield-ag-news.md) | +1.8% | +1.4% |
| CORN | 2017-04-13 | [U.S. DDG prices at lowest levels in 10 years - Brownfield Ag News](https://feedsoft.ai/events/8723-u-s-ddg-prices-at-lowest-levels-in-10-years-brownfield-ag-news.md) | -2.1% | +0.9% |
| SOY | 2021-11-12 | [Soybean meal leads beans, corn higher - Brownfield Ag News](https://feedsoft.ai/events/7050-soybean-meal-leads-beans-corn-higher-brownfield-ag-news.md) | +4.4% | +4.6% |
| SOY | 2019-08-23 | [Soybeans, corn sink on demand concerns - Brownfield Ag News](https://feedsoft.ai/events/57622-soybeans-corn-sink-on-demand-concerns-brownfield-ag-news.md) | +0.0% | +3.1% |
| SOY | 2018-07-27 | [Soybean Futures Close Higher on Signs of Demand](https://feedsoft.ai/events/64076-soybean-futures-close-higher-on-signs-of-demand.md) | +2.5% | -2.2% |

## Sources

- bizneworleans.com: https://bizneworleans.com/aarcher-daniels-midland-adm-signs-new-lease-in-april/

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