ADM falls after Trump says Coca-Cola agreed to use real cane sugar in US

Shares of agricultural commodities trader Archer-Daniels-Midland ADM.N fall 1.6% to $53.15 in morning trading

U.S. President Donald Trump said on Wednesday that Coca-Cola KO.N had agreed to use cane sugar in its beverages in the U.S. after his discussions with the company

ADM is a major U.S. producer of high-fructose corn syrup (HFCS), largely used in products like Coca‑Cola

Trump's announcement that Coca-Cola will switch to real cane sugar, if it happens, threatens future HFCS orders, potentially lowering ADM's revenue

Additionally, shares of U.S.-based food and beverage ingredient provider Ingredion INGR.N fall 1.7% to $133.01, and grains trader and processor Bunge BG.N down marginally

Including session moves, ADM up 5.2% YTD