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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.

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