World Grain - June 2013 - 13

newsreview
Mission

DECATUR, ILLINOIS, U.S. — Archer
Daniels Midland Company (ADM) reported
on May 1 earnings for the first quarter of
$269 million, or 41¢ per share, down from
$399 million and 60¢ per share reported in
the same quarter a year earlier.
“As expected, this was a challenging
quarter, with agricultural services negatively
impacted by the ongoing effects of last summer’s U.S. drought,” said ADM Chairman
and Chief Executive Officer Patricia Woertz.
“In oilseeds, our earnings were reduced by
challenges in Brazil and depressed margins
in cocoa. Our ethanol business improved as
declining inventories supported overall industry margins, and we began to see positive
results from the actions we’ve been taking
to improve the profitability of that business.
“Demand for our products remains solid,
and we will continue to leverage our global
origination and processing network to serve
the needs of our customers worldwide.”
Milling and other results remained steady,
excluding last year’s $21 million equity income from Gruma. ADM disposed of its
ownership in Gruma in December 2012. The
milling business continued to perform well.
Oilseeds Processing profit decreased $229
million due to significantly lower results
from cocoa caused by industry margin pressures and weaker South American origination results.
Crushing and origination operating profit
was $156 million, down $108 million from the
year-ago quarter. In North America, softseed
crushing results were down from last year’s
strong results as tight supplies affected seed
basis and capacity utilization. North American
soybean crushing results were strong in the
quarter, but margins and production declined
through the quarter amid weaker export meal
demand and lower bean availability. In South
America, higher trucking costs and reluctant
farmer selling negatively impacted results.
European crushing and origination results continued to recover, aided by reduced imports of
North and South American meal.
Oilseeds results in Asia for the quarter
were up $31 million from the same period
last year, principally reflecting ADM’s share
of the improved results from Wilmar International Limited.
Corn Processing profit increased $20 million to $153 million due to improved ethanol
results. Sweeteners and starches results were
negatively impacted by a $44 million pretax
charge from corn hedge timing effects.

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www.World-Grain.com / World Grain / June 2013

13


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World Grain - June 2013

Table of Contents for the Digital Edition of World Grain - June 2013

World Grain - June 2013
Table of Contents
From the editor-in-chief - A new measure of business success
Calendar of Events
News Review - Cargill to sell Swiss flour business
ADM: Geographic diversification critical to operations
Richardson completes acquisition of Viterra assets
Drought drops ADM’s first-quarter earnings
GrainCorp profit down 34%
ADM opens soybean processing facility in Paraguay
Income falls for Seaboard trading, milling unit
U.S. court sides with Monsanto in soybean case
Viterra to invest C$20 million to upgrade grain terminals
Gruma writes off Venezuela business
Olam earnings up 17% in first nine months
Bunge putting money behind ports
Wilmar earnings up 23% on oilseeds, grains
Vassart named Cargill Canada’s new president
CBH appoints new general manager, operations
Drought hurts The Andersons first-quarter earnings
Grain Market Review - Rice
Country Focus - Focus on France
Feature - Rising up from the ashes
Feature - The inside story of a groundbreaking trade agreement
Feature - 2013 IAOM Conference & Expo
The scoop on wheat innovation
Feature - Steady hand at the wheel
Feature - Sorghum milling study
Sorghum flour increasingly popular as gluten-free solution
European supplier profiles
Feature - Joseph Rank honored with exhibition
Supplier News
Product Showcase
World Grain Archive
Ad Index/Reader Information Form International Faxback Program
World Grain - June 2013 - World Grain - June 2013
World Grain - June 2013 - 2
World Grain - June 2013 - 3
World Grain - June 2013 - 4
World Grain - June 2013 - Table of Contents
World Grain - June 2013 - From the editor-in-chief - A new measure of business success
World Grain - June 2013 - 7
World Grain - June 2013 - Calendar of Events
World Grain - June 2013 - 9
World Grain - June 2013 - ADM: Geographic diversification critical to operations
World Grain - June 2013 - 11
World Grain - June 2013 - Richardson completes acquisition of Viterra assets
World Grain - June 2013 - Drought drops ADM’s first-quarter earnings
World Grain - June 2013 - ADM opens soybean processing facility in Paraguay
World Grain - June 2013 - Viterra to invest C$20 million to upgrade grain terminals
World Grain - June 2013 - Olam earnings up 17% in first nine months
World Grain - June 2013 - Wilmar earnings up 23% on oilseeds, grains
World Grain - June 2013 - Drought hurts The Andersons first-quarter earnings
World Grain - June 2013 - 19
World Grain - June 2013 - Grain Market Review - Rice
World Grain - June 2013 - 21
World Grain - June 2013 - Country Focus - Focus on France
World Grain - June 2013 - 23
World Grain - June 2013 - 24
World Grain - June 2013 - 25
World Grain - June 2013 - Feature - Rising up from the ashes
World Grain - June 2013 - 27
World Grain - June 2013 - 28
World Grain - June 2013 - 29
World Grain - June 2013 - Feature - The inside story of a groundbreaking trade agreement
World Grain - June 2013 - 31
World Grain - June 2013 - 32
World Grain - June 2013 - 33
World Grain - June 2013 - 34
World Grain - June 2013 - 35
World Grain - June 2013 - 36
World Grain - June 2013 - 37
World Grain - June 2013 - 38
World Grain - June 2013 - 39
World Grain - June 2013 - 40
World Grain - June 2013 - 41
World Grain - June 2013 - Feature - 2013 IAOM Conference & Expo
World Grain - June 2013 - 43
World Grain - June 2013 - The scoop on wheat innovation
World Grain - June 2013 - 45
World Grain - June 2013 - 46
World Grain - June 2013 - 47
World Grain - June 2013 - 48
World Grain - June 2013 - 49
World Grain - June 2013 - 50
World Grain - June 2013 - 51
World Grain - June 2013 - 52
World Grain - June 2013 - 53
World Grain - June 2013 - Feature - Steady hand at the wheel
World Grain - June 2013 - 55
World Grain - June 2013 - 56
World Grain - June 2013 - 57
World Grain - June 2013 - 58
World Grain - June 2013 - 59
World Grain - June 2013 - 60
World Grain - June 2013 - 61
World Grain - June 2013 - Feature - Sorghum milling study
World Grain - June 2013 - 63
World Grain - June 2013 - 64
World Grain - June 2013 - Sorghum flour increasingly popular as gluten-free solution
World Grain - June 2013 - 66
World Grain - June 2013 - 67
World Grain - June 2013 - European supplier profiles
World Grain - June 2013 - 69
World Grain - June 2013 - 70
World Grain - June 2013 - 71
World Grain - June 2013 - 72
World Grain - June 2013 - 73
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World Grain - June 2013 - 93
World Grain - June 2013 - 94
World Grain - June 2013 - 95
World Grain - June 2013 - 96
World Grain - June 2013 - 97
World Grain - June 2013 - Feature - Joseph Rank honored with exhibition
World Grain - June 2013 - 99
World Grain - June 2013 - Supplier News
World Grain - June 2013 - 101
World Grain - June 2013 - 102
World Grain - June 2013 - 103
World Grain - June 2013 - 104
World Grain - June 2013 - 105
World Grain - June 2013 - 106
World Grain - June 2013 - 107
World Grain - June 2013 - Product Showcase
World Grain - June 2013 - World Grain Archive
World Grain - June 2013 - Ad Index/Reader Information Form International Faxback Program
World Grain - June 2013 - 111
World Grain - June 2013 - 112
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http://digital.world-grain.com/sosland/wg/2005_11_01
http://digital.world-grain.com/sosland/wg/2005_10_01
http://digital.world-grain.com/sosland/wg/2005_09_01
http://digital.world-grain.com/sosland/wg/2005_08_01
http://digital.world-grain.com/sosland/wg/2005_07_01
http://digital.world-grain.com/sosland/wg/2005_06_01
http://digital.world-grain.com/sosland/wg/2005_05_01
http://digital.world-grain.com/sosland/wg/2005_04_01
http://digital.world-grain.com/sosland/wg/2005_03_01
http://digital.world-grain.com/sosland/wg/2005_02_01
http://digital.world-grain.com/sosland/wg/2005_01_01
http://digital.world-grain.com/sosland/wg/2004_12_01
http://digital.world-grain.com/sosland/wg/2004_11_01
http://digital.world-grain.com/sosland/wg/2004_10_02
http://digital.world-grain.com/sosland/wg/2004_10_02
http://digital.world-grain.com/sosland/wg/2004_10_01
http://digital.world-grain.com/sosland/wg/2004_09_01
http://digital.world-grain.com/sosland/wg/2004_08_01
https://www.nxtbookmedia.com