1049 ET - Shares of Ohio grain trader and processor Andersons were down about 8% after executives said trade and tariff uncertainty hurt U.S. crop exports, and the company's profits. The company lost $10 million in its agriculture trading business and said shipments of sorghum and wheat are down substantially. "The western corn belt has had less demand this year than it has the past couple of years," said CEO Bill Krueger on a call with analysts. "You have a lot more grain fighting for the demand in the western corn belt than we've had the last couple of years." Fewer cattle on feed in the west is also hurting demand for grains, he said. (patrick.thomas@wsj.com)
(END) Dow Jones Newswires
May 07, 2025 10:49 ET (14:49 GMT)
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