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Archer Daniels Midland's (ADM) stock has been in an incremental, minor uptrend since May 2009, hence plenty of upside remains, and that's one reason I'm reiterating my buy rating for the company's shares, first recommended on March 25, 2009 at a price of $28.78. The major reason for the ADM Buy recommendation is the development of emerging markets.The global recession has weighed on ADM's results, but long-term the company remains well-positioned to capitalize on the development of emerging markets, and population growth, which will increase demand for food. Oilseed performance will be a star performer, followed by agricultural services. Further, margins should increase in FY2010 and FY2011. The First Call FY2010/FY2011 EPS estimates for ADM are $2.80 to $2.90. That $2.90 FY2011 EPS estimate will likely prove to be low.
If you missed the earlier entry point for Archer Daniels Midland, you're in luck: the stock has been testing $30 resistance for about six months. But that resistance won't hold forever. 
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