In an update to shareholders, Archer Daniels Midland says there will likely be a $50 to $60 million decrease in operating profits during its first quarter. Flooding is impacting business. In the regulatory filing, ADM says rail transportation has been disrupted throughout the region and the ADM corn plant in Columbus, Nebraska is currently running at a reduced capacity. Barge traffic and port activity on the nation’s river system have been slowed by high water since February. This will also have an impact on ADM’s quarterly profits.
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