5 days ago
Crop Trader ADM Cuts Outlook as Trade Uncertainty Persists
By and Gerson Freitas Jr
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Archer-Daniels-Midland Co. cut its outlook for the year as the crop trader navigates tariffs uncertainty, with profits hit by a lack of clarity on biofuels policy earlier this year.
The Chicago-based agricultural giant now expects full-year earnings of $4 a share, according to an earnings statement on Tuesday. That's down from a previous forecast of $4 to $4.75 a share.
