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The Andersons, Inc.

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Andersons’ Ethanol Group continues to be adversely affected by lower DDG margins due to low demand from China, as well as the Eastern Corn Belt vomitoxin issue. The vomitoxin issues are likely to persist until the new crop harvest season begins. The company’s Rail segment will continue to be affected by weak rail car demand in the nearterm. Further, the Plant Nutrient Group is off to a slow start due to the markets' inability to sustain improved conditions. Moreover, Andersons’ results will be hampered by oversupply, planting delays and increases in interest rates. Andersons thus underperformed the Zacks categorized Agriculture/Products industry in the past one year. The company also has a negative record of earnings surprises in recent quarters.

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