Andersons Inc. (ANDE) stock plummeted 5.25% in the pre-market trading session on Thursday following the company's Q4 2024 earnings call. During the call, the company provided a weaker outlook for 2025, citing challenges in the agribusiness segment:
- Lower relative grain prices and reduced farmer engagement at these price levels are expected to impact the agribusiness segment, which includes the trade and nutrient businesses.
- The expansion of the Port of Houston facility to support increased soybean meal exports will limit capacity through that facility for 2025.
While the company maintained optimism about increased corn planted acres benefiting the nutrient business, the weak agribusiness outlook weighed on investor sentiment, leading to the pre-market stock plummet.