Archer Daniels Midland Net Rises on Soy Processing
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Archer Daniels Midland Co., the world&#39;s largest grain processor, said fiscal first-quarter profit rose 77 percent on improved results from sales of soy products, corn-based fuel and agricultural services.
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Tokyo's Nikkei average edged up by  midsession on Thursday, bolstered by gains in resources-related  stocks such as Nippon Oil Corp. after a rise in crude oil  prices above $48 a barrel.
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Archer Daniels Midland posted a record quarterly profit on higher selling prices for ethanol and corn sweetener.
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Smithfield Foods Inc. SFD.N, the top  U.S. hog and pork producer, on Monday said preliminary earnings  per share for the fiscal third quarter were stronger than Wall  Street expectations, helped by higher hog prices, sending  shares to an all-time high.
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U.S. stocks rose on Thursday, propelling the Dow Jones industrial average to a record, as surprisingly strong profits from companies such as Archer Daniels Midland Co.  offset an unexpected fall in a key gauge of U.S. manufacturing.
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Archer Daniels Midland Co. , the largest U.S. food processor and ethanol producer, on Thursday reported record quarterly profit from processing grains and oilseeds.
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Deere & Co  said on Wednesday its  fiscal first-quarter earnings rose a better-than-expected 55  percent, as soaring crop prices boosted demand for agricultural  equipment across the globe.
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Deere & Co.  said on Tuesday its  quarterly earnings rose a better-than-expected 19 percent, but  the stock fell nearly 3 percent after it forecast sharply lower  profit and flat sales in the coming year.
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General Mills Inc.  on Wednesday reported a rise in quarterly earnings that matched a better-than-expected view the company gave earlier this month, helped by a move to reduce the size of cereal boxes and charge consumers more per ounce.
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Agribusiness company Archer Daniels  Midland Co. ADM.N on Friday posted a 77 percent jump in  quarterly profit, helped by record North American harvests and  lower grain and oilseeds prices, driving its shares up 9  percent.
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U.S. stocks rose in early trading on Thursday as unexpectedly strong profits from companies such as Archer Daniels Midland Co.  and hopes for steady interest rates boosted investor optimism.
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Corn and soybean prices were slightly  higher on Friday, bouncing back from early losses made after a  government report said U.S. farmers this year would harvest  more bushels of each commodity than ever before.
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U.S. stocks edged higher on Thursday as surprisingly strong profits from companies such as Archer Daniels Midland Co.  mitigated an unexpected fall in a key gauge of U.S. manufacturing.
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Deere &amp; Co  said on Wednesday its fiscal first-quarter earnings rose a better-than-expected 55 percent, as soaring crop prices boosted demand for agricultural equipment across the globe.
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Farm equipment maker Deere & Co. DE.N  on Tuesday said quarterly earnings rose 30 percent on strong  demand, higher selling prices and increased efficiency.
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Tokyo, Feb. 5 (Jiji Press)--Mitsubishi Chemical Holdings Corp.  on Monday reported a group net profit of 88,728 million yen for April-December last year, up 22.3 pct from a year before.
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Pilgrim's Pride Corp. PPC.N Corp.,  the No. 2 U.S. poultry producer, on Monday raised its quarterly  earnings estimate, citing lower feed costs and better results  in its prepared foods unit.