Tweet [1]
Shocking news. The nations chief bootlegger [2] made a lot of money last quarter. The WSJ reports [3]:
Archer-Daniels-Midland [4]
Co.’s fiscal second-quarter earnings rose 20%, as higher ethanol,
starch and sweetener selling prices were partially offset by an
increase in corn costs.
Check out the contribution of "bioproducts":
All four of ADM’s business segments posted improved operating profits
compared with the year-earlier period. Corn processing, its largest
segment, posted a 42% increase to $335.5 million. Within corn
processing, bioproducts operating profit rose 55% to $189.3 million and
sweeteners and starches operating profit increased 28% to $146.2
million.