Archer Daniels Midland ( plc ) will launch Ag Services & Oilseeds on 1 July , which will combine its grain trading and oilseeds segments into a single unit . The move comes amid several factors that are affecting it and its customers , including adverse weather and the ongoing US - China trade war . investors , whose Q1 2019 operating profits have been cut by between $ 50 ##m and $ 60 m due to the cold winter and spring temperatures , said the move was a " natural evolution " . The company 's previous reorganisation was in March 2018 .
Archer Daniels Midland (ADM) will launch Ag Services & Oilseeds on 1 July, which will combine its grain trading and oilseeds segments into a single unit. The move comes amid several headwinds that are affecting ADM and its rivals, including adverse weather and the ongoing US-China trade war. ADM, whose Q1 2019 operating profits have been cut by between $50m and $60m due to the cold winter and spring floods, said the revamp was a "natural evolution". The company's previous reorganisation was in March 2018.