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Why Food Processing Company Archer-Daniels-Midland Shares Are Sinking Today

Archer-Daniels-Midland shares nosedive 20% after placing CFO on leave amid an accounting investigation. Ismael Roig appointed as interim CFO, and the company updates FY23 outlook, projecting adjusted EPS above $6.90. Ongoing investigations prompt withdrawal of nutrition segment outlook, delaying Q4 FY23 earnings release.

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