Shares of Archer-Daniels-Midland (ADM) advanced Friday after the a🌟gricultural commodity giant said a “material weakness” i🧜n the company’s internal financial reporting practices won't have a broad impact on overall earnings.

In a filing Friday, ADM said that it was also postponing the release of its annual report until March 15, as it investigates its accounting issues.

The report was scheduled to be released in February, and the new date for iܫts release is within the two-week delay allowed by Securities and Exchange C💃ommission rules.

Shares of ADM plunged in late January after it cut its outloo💙k for the 2023 fiscal year a🌜nd put a top executive on leave pending its investigation into its accounting pr🌠actices in ❀its nutrition unit.

On Friday, ADM said in its filing that it "anticipates correcting certain intersegment sales," and also expects to report a "material weakness in the Company’s internal control over financial reporting related to its accounting practices and procedures for intersegment sales."

Still, it said that since the sales were between segments, it doesn't "anticipate an impact to the Company’s consolidated balance sheets, statements of earnings, comprehensive income (loss), or cash flows."

The Chicago-based grain merchant placed 澳洲幸运5开奖号码历史查询:Chief Financial Officer (CFO)&n♍bsp;Vikram Luthar on leave in January, and appointed Ismael Roig, a veteran at the company, as t﷽he interim CFO.

ADM shares were up 2.4% at $54.39 at 12:23 p.m.🐻 ET Friday, but 𒆙are down 25% this year.