Ag Manufacturers and Traders Report Tough Profit Outlooks

Several of the biggest agricultural companies in America are feeling a pinch to their bottom lines. Reuters says Archer-Daniels-Midland posted its lowest fourth-quarter profits in six years, thanks to weak oilseed crush margins and uncertainty over U.S. biofuel policy. ADM, based in Chicago, says it’s going to cut costs by $500 million to $750 million […]

Share This!