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CHICAGO, Ill. (Reuters) —Archer-Daniels-Midland Co. has reported a 96 percent surge in third quarter profits on robust demand for grain and oilseeds and tight global supplies.
Strong oilseed processing margins and good global demand for soybean meal and oil supported ADM’s crushing operations despite idled facilities in Paraguay and war-torn Ukraine.
Net earnings attributable to ADM were $1.03 billion in the three months to Sept. 30, compared with $526 million a year earlier.
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