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Fourth quarter glum for ethanol producer Archer Daniels Midland

Tuesday, August 5, 2008 | 4:34 p.m. CDT

ST. LOUIS - Archer Daniels Midland Co. said Tuesday its fourth-quarter profit plunged 61 percent, coming in below expectations, even though revenues soared. The results disappointed analysts who worry ADM's future might only get tougher as grain prices fall from historically high levels.

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