The Effects of the Climate Crisis

Archer Daniels Midland, the giant global commodity trading and processing corporation has become a victim of the ongoing and increasing climate crisis.The continuing droughts, floods, heat waves and hurricanes have put a heavy burden on profits. Second quarter statistics show that the company had adjusted share earnings of $1.03 on $22.2 billion of revenue. 

ADM spokesmen say that the problem is an international glut of cereal grains and soybeans that includes North America, South America, Europe and Australia, driving prices lower than they've been in four years. Chinese importers once purchased millions of dollars worth of soy beans and grain from the US but now find better deals in South America, although the agricultural bounty is being felt by producers there as well.

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