Chicago | Reuters — Flooding and severe winter weather in the U.S. Midwest will reduce Archer Daniels Midland’s first-quarter operating profit by US$50 million to $60 million, the U.S. grains trader said on Monday. Record floods have devastated a wide swath of the farm belt across Iowa, Nebraska, South Dakota and several other states. The […] Read more
Tag Archives archer daniels midland — page 3
ADM says U.S. floods to cut into Q1 operating profit
Damaged soybean crop hits farmers reeling from U.S.-China trade war
U.S. soy farmers are feeling the effects of a double whammy
Reuters – A rain-damaged soybean harvest in the United States Mississippi Delta region is heaping more pain on farmers already suffering from a damaging trade war between the U.S. and China that has dragged prices to lows not seen in a decade. Why it matters: Soybean growers in hard-hit regions may have to pay penalties […] Read more
ADM earnings double, helped by U.S.-China trade row
Chicago | Reuters – Archer Daniels Midland Co’s net profits doubled in the second quarter and beat Wall Street estimates, after a drought in Argentina and the U.S.-China trade spat boosted the U.S. grain merchant’s trading and oilseed processing businesses. Shares were up 1 percent at $47.86 after touching a three-year high on the New […] Read more
ADM profit jumps on higher U.S. grain exports
Chicago | Reuters — U.S. agricultural products trader Archer Daniels Midland on Tuesday reported a far better-than-expected third-quarter profit as higher U.S. exports of corn and soybeans boosted volumes and margins, sending shares up sharply. U.S. farmers have nearly completed what is expected to be the largest corn and soybean harvests on record, which should […] Read more
Cyber-Savvy Farmer
