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Archer Daniels ADM (news,
chart,
quote) - ADM volatility Elevated after Agriculture price weakness
ADM closed at $24.56. Corn futures are recently down .61% to 367.25 below a level of 557.75 from August 15, 2008. Soybean futures are recently down 2.59% to 893.24 below a level of 1241 from August 15, 2008 according to Bloomberg. Oppenheimer say's "we view ADM as a core holding for investors in the agriculture space." ADM December option implied volatility of 84 is above its 26-week average of 50 according to Track Data, suggesting larger price movement.
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