shutdown

Brazilian agricultural distributor retreats further as weak farm economics and debt pressures persist.

Company consolidates processing, citing prolonged losses and record cattle prices.

The California startup is also facing a lawsuit from a dealer alleging its tractors could not operate autonomously, a claim the company disputes.

Company expects to meet 2025 sales guidance despite disruption.

The Des Moines facility, responsible for processing about 12% of Iowa’s monthly soybean crush, will be idle from mid-October through November for maintenance. The closure is expected to tighten soymeal supplies, causing prices to reach a decade high and impacting revenue for farmers amid low crop prices.

Due to the accident, nitrous gas was released into the atmosphere.