Abundant grain stocks hurt quarterly results at The Andersons

MAUMEE, OHIO, U.S. — A combination of low value in grain and ample grain stocks adversely affected The Andersons third-quarter earnings. The Andersons sustained a loss of $2.1 million in the third quarter ended Sept. 30, which compared with income of $2.5 million, equal to 9¢ per share on the common stock, in the same period a year ago. Revenues fell 18% to $686 million from $837 million.