More on Archer Daniels Midland's Q2 results

|About: Archer Daniels Midland Co. (ADM)|By:, SA News Editor

Archer Daniels Midland's (ADMQ2 earnings fell 21% and sales weakened, as results were constrained by tight U.S. crop supplies.

Raised its provision to settle an investigation by the U.S. Department of Justice and SEC to $54M from $25M.

Gross margin was flat at 3.6%.

ADM had warned of a difficult Q2, and says it will be "managing through tight crop supplies until the forecast large but delayed U.S. harvest."

Shares -1.4% premarket.