June 23, 2008

ADM Investor Services agrees to acquire Iowa Grain

Futures clearing services provider ADM Investor Services Inc., a subsidiary of Archer Daniels Midland Co., said Friday (June 20, 2008) it has agreed to acquire the customer business and technologies of Iowa Grain Co.

Iowa Grain is a clearing member of the CBOT and a member of the Chicago Mercantile Exchange.

The acquisition is expected to be completed July 1, 2008.

Iowa Grain President and Chief Executive Mike Brinati, said that with the increased volatility in the global futures markets, it is important to have a large and stable capital base.

The companies said the combination will produce a financially stable futures commission merchant with efficient access to trading platforms and electronic trading facilities.

Archer Daniels Midland shares fell 50 cents to US$32.62 in Friday's afternoon trading.