FARM BUSINESS NEWS
ADM Reports Strong 2Q Earnings
Tue Feb 5, 2013 11:12 AM CST

(Dow Jones) -- Archer Daniels Midland Co.'s (ADM) fiscal second-quarter earnings surged as the agricultural giant reported stronger revenue and impacts from a big asset write-down a year earlier.

Chairman and Chief Executive Patricia Woertz is aiming to take the U.S. company to the heart of Asia, but she has twice been spurned in efforts to acquire GrainCorp Ltd. (GNC.AU) of Australia.

ADM in October launched its bid to acquire GrainCorp to gain access to its grain storage and ports on Australia's east coast, the beachhead for exporting grain to China and the rest of Asia. ADM recently sold stakes ...

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