ADM to Expand Three Grain Elevators in Missouri and Illinois.

Archer Daniels Midland Company (NYSE: ADM) announced that it will expand three grain facilities in northeast Missouri and western Illinois. ADM elevators in Novelty and Center, Mo., will triple their storage capacity, while a barge loading terminal in Quincy, Ill., will add grain storage and improve receiving efficiencies. These projects will accommodate regional farmers' increased production by expanding the combined storage capacity of the facilities by nearly 1.7 million bushels, enhancing corn drying capabilities and reducing truck unloading times.

"To accommodate farmers' increased production and to advance our company's growth strategy, we are expanding our elevators to …