Archer-Daniels-Midland plummeted on Thursday after President Donald Trump said that Coca-Cola has agreed to use real cane sugar in its drinks in the U.S.

As investors prepped for Coke’s cane-sugar future, corn syrup producers Archer-Daniels-Midland and Ingredion both saw their shares fizzle.

Shares of corn syrup suppliers Archer Daniels Midland and Ingredion declined after President Trump said Coca-Cola would return to using cane sugar in its namesake soda.

To produce one pound of HFCS, the industry uses around 2.5 pounds of corn, so a large shift in corn syrup use in the U.S. would hurt demand for the cereal, hurting corn growers, while probably boosting imports of cane sugar since there is not enough produced in the U.S. to satisfy American consumers' sweet tooth.

Trump’s announcement that Coca-Cola will switch from high-fructose corn syrup to cane sugar is shaking up the world of sweeteners.

ADM and Cabrera to form joint venture to process sugar cane DECATUR, Ill. -- Archer Daniels Midland Co. (NYSE:ADM) and Grupo Cabrera have an-nounced an agreement to form a joint venture to produce ...