Cargill reports worst quarter since 2001

(Reuters) - U.S. agribusiness giant Cargill Inc reported a third consecutive slump in quarterly earnings on Tuesday, as one of the world's largest commodity traders took a beating from sugar losses and volatility in financial markets. Minneapolis-based Cargill, a family-owned enterprise with a century-long history of dominating global grain markets, reported $100 million in earnings from continuing operations for its second quarter ended November 30, down 88 percent from $832 million a year earlier and the worst quarter since 2001. Revenues rose 17 percent to $33.3 billion from $28.5 billion. ...