Drought drags down first-quarter financials at ADM
date:May 03, 2013
r, ADM said. Sweeteners and starches operating profit decreased $19 million to $76 million, and was improved when adjusted for corn hedge-program timing effects, as solid demand translated to tight sweetener industry capacity.

ADMs Oilseeds Processing segment profit tumbled 42% in the quarter, falling to $313 million from $542 million. Sales and other operating income in the segment rose 6% to $8,143 million from $7,715 million.

ADM said crushing and origination operating profit was $156 milli
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