Archer-Daniels-Midland Co. (ADM)

Archer Daniels Midland Company procures, transports, stores, processes, and merchandises agricultural commodities and products primarily in the United States. It operates in three segments: Oilseeds Processing, Corn Processing, and Agricultural Services. The Oilseeds Processing segment engages in processing oilseeds, such as soybeans, cottonseed, sunflower seeds, canola, peanuts, and flaxseed into vegetable oils and meals for the food and feed industries. It also produces edible soy protein products, including soy flour, soy grits, soy protein concentrates, and soy isolates; natural source vitamin E, tocopherol antioxidants, and phytosterols; and soy isoflavones, as well as sells salad oils, refined oil, oilseed meals, cottonseed flour, and cotton cellulose pulp. The Corn Processing segment engages in wet milling and dry milling corn operations. It produces syrup, starch, glucose, dextrose, and sweeteners; corn gluten feed and meal, and distiller’s grains; corn germ; and alcohol, amino acids, and other food and animal feed ingredients. This segment also offers astaxanthin, a product used in aquaculture, as well as citric and lactic acids, lactates, sorbitol, and xanthan gum, which are used in various food and industrial products. The Agricultural Services segment engages in buying, storing, cleaning, and transporting agricultural commodities, such as oilseeds, corn, wheat, milo, oats, and barley, and resells these commodities as animal feed ingredients and raw materials. This segment also processes and distributes edible beans as a food ingredient, as well as formula feeds, and animal health and nutrition products. The company also offers cocoa liquor, butter, powder, chocolate, bakery products and mixes, wheat starch, and gluten Archer Daniels through its other subsidiaries, provides commodities broking services; foreign exchange services; and participates in third-party reinsurance arrangements. The company was founded in 1898 and is based in Decatur, Illinois.

For the three months ended 30 September 2006, Archer Daniels Midland Company's revenues rose 10% to $9.45B. Net income totaled $402.7M, up from $186.3M. Revenues reflect higher proceeds from agricultural commodities, increased selling prices of corn processing products and higher selling prices of agricultural commodities. Net income also reflects an increase in investment income and higher equity in earnings of unconsolidated affiliates.