Archer-Daniels-Midland will close its plant in Bushnell, Illinois, as part of a plan to streamline soy protein production. The company expects improved profits from its flagship facility in Decatur. ADM aims to cut costs by $500 million to $700 million over three to five years, following an accounting scandal and trade tensions with China. The closure of a South Carolina plant reflects industry-wide challenges amid uncertainty in biofuels policy. ADM has not disclosed the number of affected employees in the Bushnell plant closure.

Read more at Yahoo Finance: Archer-Daniels-Midland to cease operations at Bushnell plant