02 Dec 2016 --- Archer Daniels Midland Company (ADM) has announced that it has entered into an underwriting agreement to sell its 19.9 percent ownership stake in GrainCorp Limited (GNC) for a total value of about A$387 million (USD 287 million). The move comes just days after announcing it will complete major enhancement of its Chornomorsk, Ukraine, oilseed processing facility.