ADM利润下降40％

Archer Daniels Midland Co on Thursdayreported a 41.3% drop in second-quarter adjusted profitand missed Wall Street expectations, after being battered by the U.S.-China trade war and severe U.S. weather this spring that caused it significant supply-chain woes.

According toReuters，该公司还指出了未来的麻烦：非洲猪发烧爆发引起的连锁反应，这是一种致命的猪疾病，在中国杀死了数百万猪。

该报告在报告中说：“我们看到了早期的迹象表明，非洲猪发烧如何影响全球动物蛋白市场，并最终支持中国以外的主要肉类生产地区的大豆餐需求。”“当然，诸如植物性蛋白质之类的快速增长的消费者趋势正在创造长期增长机会。”

卢西亚诺还列举了贸易战，以影响公司今年的业绩。

“Although the timing is uncertain, we remain confident in the resumption of significant food and agricultural trade flows between the U.S. and China, which will help bolster margins in the U.S. grain export and ethanol industries,” Luciano says.

During the quarter, ADM advanced its strategic initiatives to enhance agility, accelerate growth and strengthen customer service, and took aggressive actions on a variety of fronts. These actions, which will also help offset the significant weather impacts of the last six months, include:

• Combining the company’s Origination and Oilseeds business units into a single business, Ag Services & Oilseeds, which will report as a new segment beginning in the third quarter
• Completing significant organizational changes announced last quarter, including early retirement offers for colleagues in the U.S. and Canad;
• 集中和标准化业务活动，包括任命全球运营高级副总裁，以领导新的运营结构
• Aggressively harvesting the benefits of recent acquisitions, including planned synergies

Results of Operations

起源results were significantly lower than the very high results in the prior-year period, when the drought in Argentina and increased purchases of U.S. crops by China in anticipation of tariffs drove strong volumes and margins.

Oilseedsresults decreased versus the second quarter of 2018, which saw record volumes and extremely high margins.

Carbohydrate Solutionsresults were lower than the year-ago period.

营养results were higher year-over-year, driven largely by accretion from the Neovia acquisition.

To see the full report, clickhere.