Archer Daniels Midland Company has reported third-quarter net earnings of $578 million and quarterly segment operating profit of $1 billion for the quarter ended March 31, 2011, up $157 million and $310 million, respectively, from the same period one year earlier.

"The ADM team performed very well. Against a backdrop of volatile commodity prices, a challenging margin environment and geopolitical instability in the Middle East, North Africa and Côte d'Ivoire, our team worked smart and hard and delivered strong results," said Patricia Woertz, ADM chairman and CEO.

"As we look ahead, we are monitoring the planting and growing season in North America and Europe. Overall, global demand for crops and agricultural products remains relatively strong. In these conditions, ADM will use our unique global asset base and strong balance sheet to serve vital needs, efficiently connecting the world's growers with the world's buyers, and delivering value for our customers and our shareholders."