UPDATE 3-ADM profit plunges as floods, U.S.-China trade war batter grain handler
August 01, 2019 at 10:26 AM EDT
Global grain trader and food processor Archer Daniels Midland Co on Thursday reported a 41.3% drop in second-quarter adjusted profit and missed Wall Street expectations, after being battered by the U.S.-China trade war and severe U.S. weather this spring that disrupted production and transportation.