Reported 1 day ago
Shares of Andersons Inc. dropped significantly to their lowest level in over two years due to uncertainty surrounding tariffs and U.S. port fees that have disrupted trade. Amidst President Trump's threats of tariffs and trade penalties on Chinese imports, U.S. grain and oilseed purchasers have delayed orders. The company's first-quarter results revealed lower-than-expected revenue, largely impacted by a halt in exports of sorghum and reduced wheat shipments, leading to a pretax loss in their agribusiness segment.
Source: YAHOO