Archer Daniels Midland is riding the ethanol wave and spreading money around for everyone. No wonder everyone in Congress is so impressed with an energy net loser. How else could something so inefficient gather so much support? Three cheers for more corporate welfare on the back of the middle class.
Net income jumped to $347.8 million, or 53 cents per share, for the three months ended March 31 well ahead of the 46 cents a share expected by analysts polled by Thomson Financial.
