Quarterly Financials Released by ADM

Archer Daniels Midland is reporting fiscal year 2024 first-quarter earnings of $1.3 billion. That is down 24 percent from the first quarter of 2023. ADM’s Ag Services and Oilseeds segment is reporting an operating profit of $864 million during the first quarter. That’s down 29 percent from a year ago. ADM says its Ag Services sub-segment operating profit was down 33 percent from a year ago primarily due to the stabilization of trade flows leading to lower global trade.