Tuesday, November 1, 2011

Archer Daniels Midland Net Rises 33%: Ag Services Offset Corn Processing Weakness (ADM)

DJIA futures are trading down another 237 (2.00%) so I suppose ADM can be excused for trading down 3.46% to $27.94 in late pre-market action.

From the Wall Street Journal:
Archer Daniels Midland Co.'s fiscal first-quarter earnings rose 33% as a surge in agricultural services offset profitability pressure in corn and oilseeds processing.

The grain processor's agricultural services division, which handles and transports grain from farm to market and accounts for the largest portion of the company's earnings, reported a jump in operating profit of 85%....MORE