Archer-Daniels Midland (ADM) shares plunged 5.74% in pre-market trading on Wednesday, marking a significant decline for the agricultural commodities giant.
The sharp drop comes as US agriculture-linked shares slid broadly in pre-market trading after a ceasefire agreement involving Iran eased concerns about freight disruptions and fertilizer supply constraints. The reduction in geopolitical risk premium is weighing on companies in the sector.
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