ADM Teams With Benson Hill To Scale Soy Products

Archer-Daniels-Midland Co ADM signed a long-term strategic partnership agreement with food tech company Benson Hill BHIL to scale soy ingredients, representing a new frontier in taste, texture, nutrition, and functionality for alternative protein solutions.
The company expects the partnership to serve various plant-based food and beverage markets to meet savory, sweet, and dairy customer needs.
ADM will process and commercialize a portfolio of proprietary ingredients derived from Benson Hill Ultra-High Protein (UHP) soybeans through an exclusive North American licensing partnership.
Price Action: ADM shares are trading lower by 0.40% at $82.43 on the last check Monday.