(AP) — Archer Daniels Midland Company has made it official: It is moving its global headquarters from Decatur in central Illinois to Chicago.

In a news release issued Wednesday morning, the company says that Chicago is the best location to provide access to global markets while maintaining “close connections” to farmers and customers.

The company says it intends to have about 50 to 75 employees in the new corporate office.

On Tuesday, people with knowledge of the decision told The Associated Press about the move but Wednesday’s announcement was the first official confirmation.

The company says a decision has not been made on where it will locate a new Information Technology and support center, where about 100 people will work.