Maumee, Ohio-The Andersons Inc. said Oct. 13 that it has raised its guidance range for the fiscal year to between $3.15 and $3.35 from the previous guidance of $2.90 to $3.15. The increase is largely attributed to positive market factors in the agriculture industry, mainly better performance in the Plant Nutrient Group and the large grain harvest projected this fall, which will have a positive impact in the Grain & Ethanol Group. The company will release its third quarter earnings Oct. 31.
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