0753 ET - Grain shipper and oilseed processor ADM said its commodity trading business profits fell 31% to $159 million in 1Q because of tariff policy uncertainty that stunted trading volumes. ADM says overall profits from its grain trading and processing business that crushes soybeans into meal, cooking oils and biofuels was down 52% to $412 million. The company reported about $20 billion in revenue for the quarter and earnings of 61 cents a share, below what Wall Street analysts anticipated. Stripping out one-time items, its adjusted earnings were better than predicted by analysts. ADM says it is cutting costs across its business and reaffirmed its earnings outlook for the year. (patrick.thomas@wsj.com)
(END) Dow Jones Newswires
May 06, 2025 07:53 ET (11:53 GMT)
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