ADM Quarterly Profit Beats on Strong Growth in Oilseeds Unit
date:Aug 01, 2018
Archer Daniels Midland Cos (ADM.N) quarterly profit beat Wall Street estimates by a wide margin, driven by higher returns from its oilseeds processing business.

Profit in the business jumped 70 percent to $341 million in the second-quarter due to strong demand for soybean meal.

With roughly half of its $14.1 billion global oilseed crushing business based in North America, ADM has also been benefiting from strong processing margins at home.

Nutrition business profit rose about 21 percent to $
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