Agribusiness giant ADM shows there’s money to be made in trade war

Nov 09, 2018

“Archer-Daniels-Midland Co., the 116-year-old agribusiness giant, is shaping up as one of the few crop-trading houses to benefit from President Donald Trump’s trade war with China.

On Tuesday, the Chicago-based firm reported better-than-expected earnings for a fourth straight quarter, with soybean crushing the main driver of growth. ADM also said it’s been able to find customers outside of China, especially for corn, after Beijing slapped a 25 percent tariff on U.S. soybeans earlier this year.”

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