Extreme winter weather is expected to affect Archer Daniels Midland Company’s North American operations. According to ADM, the powerful snow and rain storms that hit in March resulted in flooding and affected its carbohydrates solutions and origination operations. ADM corn processing complex in Columbus, Nebraska, was idled due to flooding and is currently running at reduced rates. Weather conditions are also affecting transportation.

“Earlier in the quarter, severe cold temperatures and snowstorms affected some of our carbohydrate solutions processing facilities in the Midwest. The extreme weather reduced corn processing volumes principally due to a slowdown in rail and truck transportation, which affected both inbound and outbound shipments,” said ADM.

The company said that they expect these severe weather disruptions to have a negative pre-tax operating profit impact to ADM between $50-$60 million for the first quarter. That impact will be roughly equal between carbohydrate solutions and origination, with some minor impacts on other segments.