ADM confident of reversing adverse tax rulings in Latin America THE president and chief executive of global grain giant Archer Daniels Midland says the group will continue to deploy legal and legitimate tax minimisation strategies and fight for its right to do so as it battles adverse tax assessments in Brazil and Argentina relating to deductions worth more than $US600 million ($654m). The world's four largest grain traders, including ADM, have been the subject of a crackdown on alleged large-scale tax evasion by the Argentinian government for almost two years. ADM is also challenging adverse rulings by the Brazilian government on the tax treatment of commodity hedging losses and related expenses.