ADM Cuts Bids Ahead of Biofuel Announcement
This is a U.S. news story, published by Yahoo Finance, that relates primarily to Archer-Daniels-Midland news.
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soybean oilReuters
•Business
Business & Economics
ADM sets off 'frenzy' in US soybean market ahead of new biofuel blend rule

81% Informative
Archer-Daniels-Midland , a major U.S. soybean crusher and biofuel producer, slashed its bids to buy the oilseed this week .
The company on Wednesday rolled its cash basis bid at its flagship Decatur , Illinois , facility to 20 cents below the Chicago Board of Trade November soybean futures price.
The EPA is expected to propose blending requirements below industry recommendations on Friday .
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