Photo: Reuters/Mike Segar/File

Proposed U.S. port fees on China-built ships choking coal, agriculture exports

U.S. agriculture exports face uncertainty due to proposed shipping fees, traders say

U.S. President Donald Trump's plan to revive U.S. shipbuilding using massive fees on China-linked ship visits to American ports is causing U.S. coal inventories to swell and stoking uncertainty in the embattled agriculture market, as exporters struggle to find ships to send goods abroad.


Photo: REUTERS/Brendan McDermid

ADM quarterly profit falls on weak crush margins, announces layoffs

Chicago | Reuters – Grains merchant Archer-Daniels-Midland ADM.N reported a drop in fourth-quarter profit on Tuesday, pressured by weak oilseed crush margins and uncertainty over U.S. biofuel policy, and said it would be laying off up to 700 employees globally this year. Chicago-based ADM said it aimed to cut costs by $500 million to $750 […] Read more