ADM’s ethanol business under scrutiny; shares marginally up
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** Shares of Archer-Daniels-Midland ADM.N marginally up at $58.67
** U.S. Department of Justice is investigating co’s ethanol trading operations as part of
the ongoing probe into accounting practices at its Nutrition segment – Reuters report
** Morningstar analyst Seth Goldstein says the investigation will be thorough and
cover multiple segments, not just theNutrition segment
** “Should the investigation find a cause for further restatement, the stock would likely
sell off again”, Goldstein added
** Stock has fallen 18% YTD
