ADM announced that it has loaded and shipped its first vessels of verified, fully traceable soybeans from the U.S. to Europe. With the completion of the initial phases of the program, and in anticipation of the new EU deforestation
regulations becoming effective at the end of the year, ADM now intends to expand these capabilities to other key locations across North America in the 2024 growing season. ADM's traceable soybean program is an outgrowth of its International Sustainability & Carbon Certification (ISCC) certified bean program, and utilizes cutting-edge technology - such as FBN's Gradable digital platform - as well as ADM's origination and transportation capabilities to verify, trace and segregate participating beans from farms to their final destination. In the wake of the successful pilot, which delivered 2.4 million bushels (64,000 metric tons) of fully traceable soybeans to European customers in 2023, ADM intends to broaden the program to additional North American locations in 2024, providing the opportunity for interested farmers to continue to participate in current and new global markets that generate greater value and preference for their crops.