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ADM to report earnings Thursday

HUTCHINSON, Kan. — Archer Daniels Midland will release its second-quarter earnings before the bell Thursday. The oilseed giant struggled in the first quarter of this year as the company was beset by weather challenges, including Midwest flooding.

The company, which operates five elevators in Hutchinson, reported first-quarter net earnings of $233 million compared with $393 million last year. Total revenue was $15.3 billion compared with $15.5 billion in 2018. With the weather concerns easing, the numbers are expected to improve.

ADM employs about 60 workers at its five facilities in Hutchinson.

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