Archer Daniels Midland Co. , the world’s largest grain processor, posted fiscal third-quarter profit that trailed analysts’ estimates as lower prices for sweeteners and starches reduced earnings from processing corn.
Archer Daniels Midland Co. , Monsanto Co. and Potash Corp. of Saskatchewan Inc. rose in New York trading amid speculation that U.S. wheat exports will gain as the grain traded at a 23-month high and Russia banned exports.
Archer Daniels Midland Co. , the world’s largest grain processor, posted a fourth-quarter profit that topped analysts’ estimates after demand rose in Asia and earnings from bio-products such as ethanol improved.
Archer Daniels Midland Co. , Potash Corp. of Saskatchewan Inc. and Eagle Bulk Shipping Inc. stand to benefit after Russia, the fifth-largest wheat grower, banned exports of the grain because of its worst drought in 50 years.
The financial units of Archer Daniels Midland Co., Continental Grain Co. and Cargill Inc., among the biggest names in agriculture, are pushing into the money management business as commodities markets are soaring.
A Republican takeover of the House of Representatives and other election victories yesterday may mean that U.S. subsidies aiding ethanol producers will be cut after the party pledged to reduce government spending.