US agribusiness Cargill has experienced a 20 % YoY drop in its fiscal year Q2 earnings to $ 100 m , while revenue fell 4 % to $ 28bn , as trade tensions , China 's challenging hog market and the depressed US grain business hurt profits . However , the company noted " strong " soyabean processing performance , due to grain exports from the US and Canada , biodiesel manufacturing in Europe , and larger crop production in Argentina . Moreover , Cargill benefited from low soyabean prices and the global demand for ethanol .
US agribusiness Cargill has reported a 20% YoY drop in its fiscal year Q2 earnings to $741m, while revenue fell 4% to $28bn, as trade tensions, China's challenging hog sector and the depressed US dairy business hurt profits. However, the company noted "strong" soyabean processing performance, due to grain exports from the US and Canada, biodiesel manufacturing in Europe, and larger crop yields in Argentina. Moreover, Cargill benefited from low soyabean prices and increased global demand for soyameal.