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Source: ADM news release

To read the entire report click here.

Archer Daniels Midland Company (NYSE: ADM) today reported financial results for the quarter ended June 30, 2014.

The company reported adjusted earnings per share1 of $0.77, up from $0.46 in the same period last year.

Adjusted segment operating profit1 was $819 million, up 32 percent from $621 million in the year-ago period.

Net earnings for the quarter were $533 million, or $0.81 per share, and segment operating profit1 was $888 million.

"In the second quarter, the ADM team continued to execute very well and delivered strong results. We capitalized on robust ethanol demand, a recovery of U.S. grain export volumes and continuing strong demand for oilseeds products," said ADM Chairman and CEO Patricia Woertz.

"The team also continues to drive improved returns, with this quarter's ROIC showing a 200-basis-point improvement over last year.

"Today, the crops in North America and Europe are developing nicely, so we are preparing for what could be very large harvests."

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