Archer Daniels Midland Cuts Outlook on Margin Pressure

Archer Daniels Midland ADM -0.29%decrease; red down pointing triangle cut its outlook for the third time this year, saying confusion around tariffs and lower soybean prices continue to hurt its business.

The processor of agricultural commodities including soybeans, corn and wheat said confusion around trade with China and policies on biofuels are weighing on customers.