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Source: Archer Daniels Midland news release

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Archer Daniels Midland Company (NYSE: ADM) today reported financial results for the quarter ended Dec. 31, 2013. The company reported adjusted earnings per share of $0.95, up 58 percent from the $0.60 in the same period last year.

Net earnings for the quarter, which were negatively impacted by charges related to GrainCorp and to ADM's Brazilian sugar mill, were $374 million, or $0.56 per share,
down from $0.77 per share in the same period one year earlier.

Excluding specified items, segment operating profit was $1.0 billion, up 33 percent." The team delivered a strong finish to the year," said ADM Chairman and CEO Patricia Woertz.

"Lower corn costs and improved ethanol margins helped support a significant improvement in our Corn business. Our great Oilseeds performance was driven by our ability to meet robust global demand for meal and by improved biodiesel results in North America and Europe.

However, our AgServices business was impacted by the slow farmer-selling of corn and challenges in international
merchandising. "Looking back on the year, the team made meaningful progress in our efforts to improve cost, cash and
capital management. We're ahead of schedule in our cost savings efforts. We completed a two-year program to unlock cash from our balance sheet.

We carefully managed capital spending, and announced a balanced capital plan for 2014. "Looking ahead, we continue to see strong global demand for our products and large crop supplies.

We expect continued good utilization of our North American network until South America's large harvest reaches global markets."

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