ADM expects Midwest flooding to negatively affect profit

ADM expects Midwest flooding to negatively affect profit

Company says it expects weather to bring down first quarter results by $50 million to $60 million

As parts of the Midwest cope with flooding from melting snow and heavy rains, Illinois-based commodity trader Archer Daniels Midland Co. (ADM) said its first quarter results are likely to be negatively affected by weather woes.