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High water on the Mississippi halted barge freight on and off in the second quarter. ADM closed a Louisiana export facility and put freight delays at about $40 million, while Bunge's profit was cut by roughly $13 million.
ADM's second-quarter net earnings fell to $340 million from $579 million in the first quarter.
Higher freight costs and export disruptions widen the gap between farm and export prices, cutting what farmers receive. The impact is already visible in processor earnings, and renewed flooding could repeat it.
supplychaindive.comEmma CosgroveAug 5, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
