ADM Reports First Quarter 2013 Earnings of $269 Million or $0.41 per Share

Archer Daniels Midland Company (NYSE: ADM) today reported financial
results for the quarter ended March 31, 2013. The company reported net
earnings for the quarter of $269 million, or $0.41 per share, down from
$0.60 per share in the same period one year earlier. Adjusted earnings
per share¹ were $0.48, down from $0.78 in the same period
last year. Segment operating profit¹ was $630 million.

'As expected, this was a challenging quarter, with agricultural services
negatively impacted by the ongoing effects of last summer′s U.S.
drought,? said ADM Chairman and CEO Patricia Woertz. 'In oilseeds, our
earnings were reduced by challenges in Brazil and depressed margins in
cocoa. Our ethanol business improved as declining inventories supported
overall industry margins, and we began to see positive results from the
actions we′ve been taking to improve the profitability of that business.

'We continue to manage through tight U.S. stocks of oilseeds and grains
until the North American harvest. Demand for our products remains solid,
and we will continue to leverage our global origination and processing
network to serve the needs of our customers worldwide.?

First Quarter 2013 Highlights

• 
  Adjusted EPS of $0.48 excludes approximately $34 million in pretax
  LIFO charges, or $0.03 per share, and a provision of $25 million, or
  $0.04 per share, related to the previously disclosed FCPA matter
  dating back to 2008 and earlier.
  
• 
  Oilseeds Processing profit decreased $229 million due to significantly
  lower results from cocoa caused by industry margin pressures and
  weaker South American origination results.
  
• 
  Corn Processing profit increased $20 million due to improved ethanol
  results. Sweeteners and starches results were negatively impacted by a
  $44 million pretax charge from corn hedge timing effects ($0.04 per
  share).
  
• 
  Agricultural Services profit decreased $110 million as U.S.
  origination volumes declined.
  

Adjusted EPS of 48 Cents, down 30 Cents

Adjusted EPS decreased primarily due to lower segment operating profit.

This quarter′s effective tax rate of 28 percent was in line with the
same period last year.

Oilseeds Earnings Decline on Cocoa, South American Origination and
North American Softseeds

Oilseeds operating profit in the first quarter was $313 million, down
$229 million from the same period one year earlier. Year-ago results
included net favorable mark-to-market timing effects of about $60
million, while this quarter included minimal timing effects.

Crushing and origination operating profit was $156 million, down $108
million from the year-ago quarter. In North America, softseed crushing
results were down from last year′s strong results as tight supplies
affected seed basis and capacity utilization. North American soybean
crushing results were strong in the quarter, but margins and production
declined through the quarter amid weaker export meal demand and lower
bean availability. In South America, higher trucking costs and reluctant
farmer selling negatively impacted results. European crushing and
origination results continued to recover, aided by reduced imports of
North and South American meal.

Refining, packaging, biodiesel and other generated a profit of $108
million for the quarter, up $29 million, as U.S. biodiesel demand saw a
modest recovery, offset by poor margin conditions in Europe. Results
included about $20 million in biodiesel blender′s credits, retroactive
from 2012 blending.

Cocoa and other results decreased $181 million amid weaker press margins
and the absence of last year′s $72 million favorable mark-to-market
timing effect. Press margins were negatively impacted by the addition of
industry processing capacity, lower cocoa powder prices, and customer
inventory reductions.

Oilseeds results in Asia for the quarter were up $31 million from the
same period last year, principally reflecting ADM′s share of the
improved results from Wilmar International Limited.

Corn Processing Results Reflect Improved Ethanol Conditions

Corn processing operating profit of $153 million represented an increase
of $20 million from the same period one year earlier. This quarter′s
results included a $44 million negative timing effect related to open
corn cash-flow hedges at quarter end (about $0.04 per share), up from
$11 million in the same period last year.

Sweeteners and starches operating profit decreased $19 million to $76
million, and was improved when adjusted for corn hedge-program timing
effects, as solid demand translated to tight sweetener industry capacity.

Bioproducts results increased $39 million to $77 million. Ethanol
margins improved through the quarter as reduced industry production
rates, lower levels of imports and steady domestic demand resulted in
reduced inventories and improved margins. Results also benefited from
actions taken by ADM to improve the performance of its ethanol business.

Agricultural Services Pressured by Lower U.S. Volumes

Agricultural Services operating profit was $151 million, down $110
million from the same period one year earlier.

Merchandising and handling earnings declined $62 million to $86 million,
due to lower volumes of U.S. origination and exports and lower execution
margins in international merchandising.

Transportation results decreased $21 million to $6 million as lower U.S.
exports reduced barge freight utilization.

Milling and other results remained steady, excluding last year′s $21
million equity income from Gruma. ADM disposed of its ownership in Gruma
in December 2012. The milling business continued to perform well.

Other Financial Results Improve

Operating profit from ADM′s Other Financial businesses was $13 million,
up $31 million. Last year′s results had significant provisions for
property and crop risk losses.

Provision for FCPA Matter

ADM is in discussions with the U.S. Department of Justice and the U.S.
Securities and Exchange Commission regarding a previously disclosed FCPA
matter dating back to 2008 and earlier, and expects a resolution
sometime this year. Based upon recent discussions, ADM believes it is
appropriate to establish a provision of $25 million ($0.04 per share) to
cover the potential assessments that may be imposed by these government
agencies.

Conference Call Information

ADM will host a conference call and audio webcast Wednesday, May 1,
2013, at 5 p.m. Central Time to discuss financial results and provide a
company update. A summary slide presentation will be available to
download approximately 60 minutes prior to the call.

To listen to the call via the Internet or to download the slide
presentation, go to www.adm.com/webcast.
To listen by telephone, dial (888) 522-5398 in the U.S. or (706)
902-2121 if calling from outside the U.S. The access code is 32838804.

Replay of the call will be available from May 2, 2013, to May 8, 2013.
To listen to the replay by telephone, dial (855) 859-2056 in the U.S. or
(404) 537-3406 if calling from outside the U.S. The access code is
32838804. The replay will also be available online for an extended
period of time at www.adm.com/webcast.

About ADM

For more than a century, the people of Archer Daniels Midland Company
(NYSE: ADM) have transformed crops into products that serve vital needs.
Today, 30,000 ADM employees around the globe convert oilseeds, corn,
wheat and cocoa into products for food, animal feed, industrial and
energy uses. With more than 265 processing plants, 460 crop procurement
facilities, and the world′s premier crop transportation network, ADM
helps connect the harvest to the home in more than 140 countries. For
more information about ADM and its products, visit www.adm.com.

¹ Non-GAAP financial measures, see pages 5 and 10 for
explanations and reconciliations

Financial Tables Follow

Total segment operating profit is ADM′s consolidated income from
operations before income tax that excludes certain corporate items.
Management believes that segment operating profit is a useful measure of
ADM′s performance because it provides investors information about ADM′s
business unit performance excluding certain corporate overhead costs.
Total segment operating profit is a non-GAAP financial measure and is
not intended to replace earnings before income tax, the most directly
comparable GAAP financial measure. Total segment operating profit is not
a measure of consolidated operating results under U.S. GAAP and should
not be considered as an alternative to income before income taxes or any
other measure of consolidated operating results under U.S. GAAP.

(a) Current assets (excluding cash and cash equivalents and short-term
marketable securities) less current liabilities (excluding short-term
debt and current maturities of long-term debt).

Adjusted EPS is ADM′s fully diluted EPS after removal of the effect on
Reported EPS of certain specified items as more fully described above.
Management believes that Adjusted EPS is a useful measure of ADM′s
performance because it provides investors additional information about
ADM′s operations allowing better evaluation of ongoing business
performance. Adjusted EPS is a non-GAAP financial measure and is not
intended to replace or be an alternative to EPS, the most directly
comparable GAAP financial measure, or any other measures of operating
results under GAAP. Earnings amounts in the tables above have been
divided by the company′s diluted shares outstanding for each respective
quarter in order to arrive at an adjusted EPS amount for each specified
item.

Archer Daniels Midland Company

Media Relations Contact

David
Weintraub, 217-424-5413

or

Investor Relations Contact

Ruth
Ann Wisener, 217-451-8286