date:Aug 04, 2012
In a challenging fourth quarter, solid results from our global oilseeds business, particularly in South America, were more than offset by negative US ethanol margins and weaker US merchandising results,said ADM chairman and CEO Patricia Woertz.
She added that the ongoing drought in North America could further impact ADMs profits going forward, as US corn crops are among those most strongly affected.
Corn processing results slipped $48m in the quarter on negative ethanol margins. ADM reported