date:May 03, 2013
on in the first quarter, down sharply from a year ago.
In North America, softseed crushing results were down from last years strong results as tight supplies affected seed basis and capacity utilization, ADM said. 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. Eur