Minnesota-based Cargill reports second quarter earnings are down 20 percent from one year ago. For the quarter ending November 30, Cargill reports net earnings of $741 million as second quarter revenue fell four percent to $28 billion. Cargill Chairman and CEO Dave MacLennan says record low ethanol prices weighed on its sweetener and starches business, while costs climbed for its cocoa business. MacLennan also says weakness in the financial market negatively impacted Cargill’s bottom line. Read more about Cargill’s second quarter results.
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