Archer Daniels Midland (ADM -3.6%) says ethanol margins have declined in the current quarter,...

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

Archer Daniels Midland (ADM -3.6%) says ethanol margins have declined in the current quarter, and profits in its grain-handling segment are running below forecast. Ethanol margins, which were negative by $0.13-$0.15/gallon when ADM reported its latest quarterly earnings, have eroded further to a loss in the "high 20s" per gallon, CEO Patricia Woertz says.