Commencement of Private Exchange Offers

Archer Daniels Midland Company (NYSE: ADM) announced today the
commencement of a private offer to exchange any and all of its
outstanding 7.50% Debentures due 2027 (CUSIP No. 039483AM4), 6.75%
Debentures due 2027 (CUSIP No. 039483AN2), 6.625% Debentures due 2029
(CUSIP No. 039483AR3), 7.00% Debentures due 2031 (CUSIP No. 039483AS1),
6.45% Debentures due 2038 (CUSIP No. 039483AX0), and 6.95% Debentures
due 2097 (CUSIP No. 039483AP7) (collectively, the 'Old Debentures?) for
new senior Debentures due 2042 (the 'New Debentures?) and, for some
series of Old Debentures, cash (the 'Exchange Offers?).

The Exchange Offers are being conducted by ADM upon the terms and
subject to the conditions set forth in a confidential offering
memorandum, dated September 8, 2011, and related letter of transmittal.
The Exchange Offers are only extended, and copies of the offering
documents will only be made available, to any holder of the Old
Debentures that has certified its status as (1) a 'qualified
institutional buyer? as defined in Rule 144A under the Securities Act of
1933, as amended ('Securities Act?) or (2) a person who is not a 'U.S.
person? as defined in Regulation S under the Securities Act (each, an
'Eligible Holder?).

The Exchange Offers are subject to certain conditions, including the
requirement that a sufficient principal amount of Old Debentures has
been validly tendered and not validly withdrawn prior to 5:00 p.m. New
York City time, on September 21, 2011, subject to any extension by ADM
(the 'Early Participation Date?) such that a minimum of $250,000,000
aggregate principal amount of New Debentures will be issuable in
exchange for such Old Debentures on the Early Settlement Date (as
defined below) and that the yield on the Reference Treasury (as defined
below) is not more than 4.15% at the Pricing Time, which is 11:00 a.m.,
New York City time, on September 21, 2011. The 'Early Settlement Date?
will be promptly after the Early Participation Date (and is expected to
be on the third business day after the Early Participation Date) and
will apply to all Old Debentures validly tendered in the Exchange Offers
prior to the Early Participation Date and not validly withdrawn prior to
the Withdrawal Deadline (as defined below). The 'Reference Treasury? is
the 4.375% United States Treasury due May 15, 2041.

Eligible Holders who validly tender and who do not validly withdraw
their Old Debentures prior to the Early Participation Date will receive
an early participation premium equal to $30 per $1,000 principal amount
of Old Debentures.

The Exchange Offers will expire at 11:59 p.m., New York City time, on
October 5, 2011, unless extended by ADM (the 'Expiration Date?). Tenders
of Old Debentures in the Exchange Offers may be validly withdrawn at any
time at or prior to 5:00 p.m., New York City time on September 21, 2011,
subject to extension by ADM (the 'Withdrawal Deadline?), but not
thereafter, except in certain limited circumstances where additional
withdrawal rights are required by law.

The New Debentures have not been registered under the Securities Act or
any state securities laws. Therefore, the New Debentures may not be
offered or sold in the United States absent registration or an
applicable exemption from the registration requirements of the
Securities Act and any applicable state securities laws. The Company
will enter into a registration rights agreement with respect to the New
Debentures.

Documents relating to the Exchange Offers will only be distributed to
holders of the Old Debentures that complete and return a certification
of eligibility confirming that they are Eligible Holders. Holders of the
Old Debentures that desire access to the electronic eligibility form
should contact D.F. King & Co., Inc., the information agent for the
Exchange Offers, at (800) 431-9645 (U.S. Toll-free) or (212) 269-5550
(Collect). Holders that wish to receive the offering documents can
certify their eligibility at http://www.dfking.com/adm.

This press release is not an offer to sell or a solicitation of an offer
to buy any security. The Exchange Offers are being made solely by the
offering memorandum and related letter of transmittal and only to such
persons and in such jurisdictions as is permitted under applicable law.

Forward-looking Information

This press release includes forward-looking statements, within the
meaning of the Private Securities Litigation Reform Act of 1995, that
are subject to risks, uncertainties and other factors, including the
current market demand for these types of securities and the securities
of ADM and the negotiations between ADM and the dealer managers. These
risks, uncertainties and other factors could cause actual results to
differ materially from those referred to in the forward-looking
statements. The reader is cautioned not to rely on these forward-looking
statements. Other risks that could impact the offering are described in
detail in the ADM Annual Report on Form 10-K for the fiscal year ended
June 30, 2011 as filed with the U.S. Securities and Exchange Commission.
All forward-looking statements are based on information currently
available to ADM and ADM assumes no obligation to update any such
forward-looking statements.

Archer Daniels Midland Company

Media:

David
Weintraub, 217-424-5413

Director, External Communications

or

Investors:

Dwight
Grimestad, 217-424-4586

Vice President, Investor Relations