Grain trader Archer Daniels Midland ( ADM ) has reported a 41.3 % slump in Q2 adjusted earnings , which it attributed to downtime and shipping delays caused by heavy rains and flooding , and the China - US trade row . ADM had been expected to earn 61 cents per share, according to the mean Refinitiv estimate from 11 analysts. Adjusted net earnings were $ 340 m from $ 579 m in Q2 2018 , and then fell 4.5 % , to $ 300 . It said the delays had caused $ 125 m in lost production in H1 .
Grain trader Archer Daniels Midland ( ADM ) has reported a 41.3 % slump in Q2 adjusted earnings , which it attributed to downtime and shipping delays caused by heavy rains and flooding , and the China - US trade row . Adjusted net earnings were $ 340 m from $ 579 m in Q2 2018 , and then fell 4.5 % , to $ 300 . It said the delays had caused $ 125 m in lost production in H1 .