ADM, INGR stocks dip as Trump says Coca-Cola to use cane sugar
US President Donald Trump's claims that Coca-Cola agreed to use cane sugar in US products led to ADM and Ingredion's shares falling as both supply corn syrup. ADM earned $8.6 billion in 2024 from sweeteners. The shift may impact US corn farmers and jobs, while new dietary guidelines from RFK Jr may further target high-fructose corn syrup.