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 . REUTERS/ Moreover , Cargill benefited from low soyabean prices and the global demand for ethanol .
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 .