Shocking news. The nations chief bootlegger made a lot of money last quarter. The WSJ reports:
Archer-Daniels-Midland Co.'s fiscal second-quarter earnings rose 20%, as higher ethanol, starch and sweetener selling prices were partially offset by an increase in corn costs.
Check out the contribution of "bioproducts":
All four of ADM's business segments posted improved operating profits compared with the year-earlier period. Corn processing, its largest segment, posted a 42% increase to $335.5 million. Within corn processing, bioproducts operating profit rose 55% to $189.3 million and sweeteners and starches operating profit increased 28% to $146.2 million.