Preheat oven to 350ºF (180°C).
Grease a 10-inch (26cm) bundt cake pan with soft shortening and dust with flour, shaking off excess. Reserve.
In a large bowl beat 2 cups sugar with 3 eggs until they begin to thicken, about 2 minutes.
Add 1 cup oil in a thin stream while beating on high until it’s all combined, about 2 minutes.
Add 1 teaspoon vanilla extract and 1 teaspoon almond extract and mix.
Add the sifted dry ingredients: 3 cups all-purpose, 1 ½ teaspoons baking powder and ½ teaspoon salt in three parts alternating with 1 ½ cups whole milk in 2 parts. That means you begin and end with the flour mixture. You can sift the dry ingredients before or have them measured and sift them directly over the egg mixture.
Add 2 tablespoons poppy seeds and mix everything well but do not over beat mixture at this point.
Pour into the prepared mold and bake for 50-60 minutes, until a toothpick inserted comes out clean.
Let cool on wire rack and carefully unmold.