je.st
news
ADM punished in market awash in grain
2016-02-02 22:03:55| Agriculture - Topix.net
Shares of Archer Daniels tumbled 8 percent Tuesday as rising stockpiles of grain, plunging energy prices, and a strong dollar took a toll on the agribusiness giant. The company fell short of Wall Street expectations for both profit and revenue and CEO Juan Luciano said the terrible market conditions of last year are likely to persist in 2016.
Tags: market
grain
adm
punished
Category:Agriculture and Forestry