ADM (ADM) and Mitsubishi said Thursday they signed a non-binding memorandum of understanding to evaluate potential partnerships across the agriculture supply chain.
The companies said they will assess opportunities to combine ADM's agriculture and food capabilities with Mitsubishi's cross-industry platform to address global food system challenges.
Areas of interest include biofuels and supply chain resilience, according to the joint statement.
ADM shares were up 1.4% in early trading.
Price: 47.76, Change: +0.69, Percent Change: +1.47
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