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Archer-Daniels-Midland (ADM), a major agricultural commodities trader, has suffered an $8 billion loss in value following an investigation into its accounting practices. The company's strategy to diversify beyond its staple products of corn, wheat, and soybean trading has faltered, and its core agricultural commodities are facing declining prices. ADM has taken steps to fix its nutrition business, including slashing product lines and considering asset sales, but investors may not be quick to reinvest. The company's nutrition unit, which makes pet food and veggie burgers, has failed to meet expectations due to faltering demand for plant-based ingredients and animal feed. ADM is currently under investigation by the US Securities and Exchange Commission and the Department of Justice. The company's CEO has promised a turnaround for the nutrition unit and is reviewing underperforming assets. [Extracted from the article]

Archer-Daniels-Midland Co. (ADM) executives will still receive their compensation packages tied to the performance of the nutrition division, despite the company's announcement of internal earnings adjustments following a financial probe. CEO Juan Luciano stated that these adjustments did not affect the achievement levels under the incentive plans. ADM's own investigation is complete, but Luciano declined to answer questions due to ongoing inquiries from the US Securities and Exchange Commission and the Department of Justice. The company revised its intersegment sales in its annual report, which reduced the nutrition segment's operating profit by an average of 7% between 2018 and 2022. [Extracted from the article]