# ADM says U.S. floods to cut into Q1 operating profit - Grainews

> ADM expects U.S. flooding and severe winter weather to cut its first-quarter operating profit by $50 million to $60 million. Floods have idled ethanol plants, including its Columbus, Nebraska corn complex, slowed rail and barge shipments, and flooded grain storage. Rivers have been swollen since December, limiting barge movements and port activity.

- Date: 2019-03-26 · published 2019-03-26T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/60129-adm-says-u-s-floods-to-cut-into-q1-operating-profit-grainews
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Idled ethanol plants reduce domestic corn grind and cut demand for corn, which is bearish for corn futures. Barge and rail disruptions raise freight costs and slow shipments, which widens regional basis and supports barge freight rates.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- BARGE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-06-05 | [U.S. grains: Futures plummet on Midwest weather, profit-taking - Grainews](https://feedsoft.ai/events/8688-u-s-grains-futures-plummet-on-midwest-weather-profit-taking-grainews.md) | -2.6% | -0.6% |
| SOY | 2025-04-29 | [U.S. grains: Chicago grains, soy futures drop as U.S. planting pace accelerates - Grainews](https://feedsoft.ai/events/11121-u-s-grains-chicago-grains-soy-futures-drop-as-u-s-planting-pace-accelerates.md) | -1.3% | +1.0% |
| SOY | 2016-07-14 | [U.S. grains: New forecast ends rallies - Manitoba Co-operator](https://feedsoft.ai/events/4942-u-s-grains-new-forecast-ends-rallies-manitoba-co-operator.md) | -9.0% | -9.8% |
| SOY | 2021-08-30 | [U.S. grains: Prices down on rains, Ida shuts grain facilities - Grainews](https://feedsoft.ai/events/45598-u-s-grains-prices-down-on-rains-ida-shuts-grain-facilities-grainews.md) | -5.6% | -5.3% |
| SOY | 2021-08-26 | [U.S. grains: Corn, soy fall as Midwest rains benefit crops - Grainews](https://feedsoft.ai/events/45594-u-s-grains-corn-soy-fall-as-midwest-rains-benefit-crops-grainews.md) | -5.1% | -4.6% |
| CORN | 2019-06-05 | [U.S. grains: Futures plummet on Midwest weather, profit-taking - Grainews](https://feedsoft.ai/events/8688-u-s-grains-futures-plummet-on-midwest-weather-profit-taking-grainews.md) | +0.9% | -0.2% |
| CORN | 2025-04-29 | [U.S. grains: Chicago grains, soy futures drop as U.S. planting pace accelerates - Grainews](https://feedsoft.ai/events/11121-u-s-grains-chicago-grains-soy-futures-drop-as-u-s-planting-pace-accelerates.md) | -3.7% | -1.3% |
| CORN | 2017-06-28 | [U.S. grains: Spring wheat futures top US$7 on weather worries - Grainews](https://feedsoft.ai/events/70514-u-s-grains-spring-wheat-futures-top-us-7-on-weather-worries-grainews.md) | +5.6% | +3.0% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/adm-says-u-s-floods-to-cut-into-q1-operating-profit/
- postbulletin.com: https://www.postbulletin.com/news/swollen-mississippi-river-adds-more-headaches-for-grain-farmers

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.