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Stock impact report

ADM Needs More Than Nutrition Revamp to Fix $8 Billion Wipeout [Yahoo! Finance]

Morningstar, Inc. (MORN) 
Company Research Source: Yahoo! Finance
Bouncing back will take a lot longer. Most Read from Bloomberg Stock Traders Bracing for Worst Shrug Off Hot CPI: Markets Wrap Ex-Wall Street Banker Takes On AOC in New York Democratic Primary United Tells Boeing to Stop Making Its Long Delayed Max 10s China Has Never Canceled This Many Shipments of US Wheat Trump Wins Republican Nomination, Setting Up Rematch With Biden The storied agricultural commodities trader, which historically dubbed itself the “supermarket to the world,” has spent billions to grow its nutrition unit, the business that makes pet food and veggie burgers that's now under scrutiny. But the strategy to diversify beyond corn, wheat and soybean trading — ADM's staples — has faltered, with no obvious alternative in place. To make matters worse, the cycle for its core agricultural commodities has turned, with rising grain inventories sparking predictions of more price declines ahead. While ADM said on Tuesday it's taking aggressive steps to fix its nutr Show less Read more
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