Archer Daniels 2Q Profit Rises 29% On Improved Demand, Pricing
February 01, 2011 at 10:12 AM EST
Archer Daniels Midland Co.'s (ADM) fiscal second-quarter earnings rose 29% as it took advantage of surging export demand for grains and favorable ethanol margins, pushing the company's stock to a more than two-and-a-half-year high Tuesday.