ADM is one of the world's largest agricultural commodity processors and supply chain managers. The company's core activity is buying raw agricultural commodities — primarily soybeans, corn, and wheat — from farmers globally, then processing and trading those commodities into food, feed, fuel, and industrial products. ADM operates through two interconnected activities: origination and trading, where ADM moves crops through a vast network of grain elevators, storage facilities, ports, and transportation assets; and processing, where ADM crushes oilseeds into vegetable oils and protein meal, wet-mills corn into sweeteners, starches, and ethanol, and mills wheat into flour. ADM operates three segments: Ag Services and Oilseeds (the largest, covering origination, merchandising, and oilseed crushing), Carbohydrate Solutions (corn and wheat milling into sweeteners, starches, and ethanol), and Nutrition (specialty ingredients including flavors, plant-based proteins, biotics, and animal feed additives). ADM's profitability is driven by crush margins, global trade flows, and commodity prices — with U.S. biofuel policy playing a large role in vegetable oil demand. ADM also holds a 22.5% equity stake in Wilmar, a major Asia-Pacific agribusiness. ADM's growth strategy focuses on higher-margin specialty nutrition ingredients, biosolutions, precision fermentation, and decarbonization, while simultaneously cutting costs and simplifying its portfolio.