CHICAGO, ILLINOIS, U.S. — On Aug. 25, Archer Daniels Midland Company (ADM) opened its global headquarters and customer center in downtown Chicago, Illinois, U.S.
“As we continue to grow our company, this location allows us to more easily reach global markets, while keeping us in close contact with U.S. farmers, customers and operations,” said Chairman and Chief Executive Officer Patricia Woertz.
The company’s headquarters were previously in Decatur, Illinois, U.S. ADM’s North American headquarters remain in Decatur.
About 70 employees are based in the two-floor space in Chicago, which also includes a culinary facility for ADM to showcase its broad portfolio of food ingredients.
The global headquarters and customer center is located at 77 West Wacker Drive, Suite 4600, Chicago, Illinois, U.S., 60601. The main telephone number for the office is 1.312.634.8100.
Since Russia’s invasion of Ukraine in February, the world’s wheat supply has been thrown into question, with poorer nations facing scarcity and a potential food crisis, according to the United Nations.
Following are countries among the world’s least developed that are the most dependent on Russia and Ukraine for their annual wheat supply (2020), according to the UN Conference on Trade and Development. Nations in Africa import 44% of their wheat from Russia and Ukraine, according to the UN.
In marketing year 2022-23, the world is projected by the US Department of Agriculture (USDA) to produce 779.03 million tonnes of wheat and provide 204.89 million tonnes for export.
These are the eight major wheat importing nations/regions as listed in the monthly USDA World Agricultural Supply and Demand Estimates (WASDE) report and their annual tonnes with production.
Russia’s invasion of Ukraine in February and the persistent La Niña climate phenomenon have combined to create some of the most volatile market conditions in recent memory, sending prices skyrocketing as nations that depend on wheat to feed their populations scramble to secure supplies.
Each month, the WASDE releases new projections to reflect the most recent global market and production conditions, and this slideshow will be updated with those changes.