CHICAGO - Global grain trader and food processor Archer Daniels Midland Co allegedly manipulated the price of ethanol to profit from a short position it was holding in the derivatives market, according to a lawsuit by a rival firm.
The lawsuit follows reporting by Reuters last year that ADM’s ethanol selling had led traders to complain to S&P Global Platts, which provides benchmark pricing for the physical ethanol contract at different U.S. delivery points including Chicago. Illinois-based ADM, a major ethanol producer, said in an email that it did not comment on pending litigation.
Same company that was convicted of fixing Luciane prices. Corrupt culture.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
La source: WSJ - 🏆 98. / 63 Lire la suite »