Headline Details

ADM considers ethanol spinoff as first-quarter profit falls on severe weather

Published on: Fri, 26 Apr 2019 13:15:03 UTC
News Agency: Reuters
Description:
Archer Daniels Midland Co said on Friday it was considering spinning off its ethanol business after slim biofuel margins and Midwestern floods slammed the U.S. grains merchant's profit, which tumbled 41 percent in the first quarter.

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