UPDATE 2-ADM profit plunges more than 40% on U.S. weather, trade war woes
August 01, 2019 at 08:36 AM EDT
U.S. grains merchant and food processor Archer Daniels Midland Co on Thursday reported a 41.3% drop in second-quarter adjusted profit and missed Wall Street expectations, after being battered by the U.S.-China trade war and severe U.S. weather this spring that caused it significant supply-chain woes.