Drought drags down first-quarter financials at ADM
date:May 03, 2013
opean crushing and origination results continued to recover, aided by reduced imports of North and South American meal.

The companys Agricultural Services segment posted a 42% decrease in operating profit during the first quarter of fiscal 2013, falling to $151 million from $261 million in fiscal 2012. Sales and other operating income in the segment eased to $10,500 million from $10,571 million.

Milling and other results remained steady, excluding last years $21 million equity income from Grum
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