ADM tells investors numbers will get better

By Tony Reid Lee Enterprises

Friday, Nov 06, 2009 - 09:00:28 am CST

DECATUR -- Archer Daniels Midland Co. told investors Thursday that the second half of 2009 had left a bitter taste in the mouth, but prospects may be about to turn sweeter.

Results for the first six months of the old fiscal year had been strong, buoyed by robust earnings from oilseeds and even record returns from the company’s agricultural services segment.

Patricia Woertz, ADM’s chairwoman, CEO and president, said things had curdled later on.

“The second half, we felt the full impact of the recession,” she said, speaking during the company’s annual general meeting at its Decatur headquarters.

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contractor

Nov 6, 2009 12:20 PM

they would post better esrnings if they didnt keep changing their minds on everything .talk to people out their. they do that because they got money to burn.