Despite a 2 % increase in revenue for the quarter ending 28 February , US commodities trader Cargill has reported a 23.8 % drop in profits to $ 495 m for the quarter , with the new US tax legislation accounting for a $ 161 m charge . Cargill and several of its agribusiness rivals have been hurt by a global glut of crops and low volatility in commodities markets, which have limited trading opportunities and squeezed margins for the multinational traders. The grain trading industry has been experiencing low profitability in recent years as a global glut of crops have kept prices low and limited volatility in the commodities market leaves little room for margins .
Despite a 2 % increase in revenue for the quarter ending 28 February , US commodities trader Cargill has reported a 23.8 % drop in profits to $ 495 m for the quarter , with the new US tax legislation accounting for a $ 161 m charge . The grain trading industry has been experiencing low profitability in recent years as a global glut of crops have kept prices low and limited volatility in the commodities market leaves little room for margins .