ADM 2020 Annual Shareholder Letter

ADM's 2020 shareholder letter highlights record adjusted earnings per share of $3.59 and operating income 12% above 2019 despite COVID-19 pandemic challenges. The letter details strong performance across all business segments—Ag Services & Oilseeds, Carbohydrate Solutions, and Nutrition—along with strategic investments in plant-based proteins, insect proteins, and sustainable polymers. ADM emphasizes operational resilience, innovation initiatives, and employee support during the global health crisis.