First Quarter FY 2010 Earnings Conference Call November

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First Quarter FY 2010 Earnings Conference Call November 3, 2009 Patricia Woertz Chairman &

First Quarter FY 2010 Earnings Conference Call November 3, 2009 Patricia Woertz Chairman & CEO John Rice EVP, Commercial & Production Steve Mills EVP & CFO Dwight Grimestad VP, Investor Relations 1

Safe Harbor Statement Some of our comments constitute forward-looking statements that reflect management’s current

Safe Harbor Statement Some of our comments constitute forward-looking statements that reflect management’s current views and estimates of future economic circumstances, industry conditions, Company performance and financial results. The statements are based on many assumptions and factors, including availability and prices of raw materials, market conditions, operating efficiencies, access to capital and actions of governments. Any changes in such assumptions or factors could produce significantly different results. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements as a result of new information or future events. 2

Table of Contents Page ü Chairman’s Perspective 4 ü Financial Highlights – Q 1

Table of Contents Page ü Chairman’s Perspective 4 ü Financial Highlights – Q 1 FY 10 5 ü Segment Operating Profit Summary 6 ü Segment Operating Profit 7 – 10 ü Corporate Highlights 11 ü Statement of Earnings Summary 12 ü Balance Sheet Highlights 13 ü Cash Flow Summary 14 ü Financial Returns 15 ü Q&A 16 ü Upcoming Events 17 ü Appendix 18 – 23 First Quarter FY 2010 3

Chairman’s Perspective • Safety “The ADM team executed well, delivering strong sequential earnings growth.

Chairman’s Perspective • Safety “The ADM team executed well, delivering strong sequential earnings growth. Earnings were • Financial results significantly better than the second half of fiscal 2009. As we advance our growth strategy, we are using our financial strength to build • Strategic update shareholder value. Looking ahead, we see demand improving in some key markets, and we have the assets and acumen to capture value as • Operating conditions the global economy resets. ” First Quarter FY 2010 4

Financial Highlights – Q 1 FY 10 (Amounts in millions, except per share data

Financial Highlights – Q 1 FY 10 (Amounts in millions, except per share data and percentages) Q 1 FY 10 Net Earnings and Earnings Per Share Analysis EPS $496 $(47) As reported LIFO $0. 77 $(0. 07) $449 Adjusted for specified items (1) $0. 70 (1)Non-GAAP (2) FY 2009 measure - see notes on page 23 restated following adoption of ASC Topic 470 -20 and ASC Topic 810 First Quarter FY 2010 5

Segment Operating Profit Summary (Amounts in millions) (1)Includes Sugarcane processing effective the quarter ended

Segment Operating Profit Summary (Amounts in millions) (1)Includes Sugarcane processing effective the quarter ended September 30, 2009 Wheat, Cocoa & Malt processing (3)Non-GAAP measure - see notes on page 23 (2)Includes First Quarter FY 2010 6

Segment Operating Profit – Oilseeds Processing (Amounts in millions) $510 $(204) $(36) Q 1

Segment Operating Profit – Oilseeds Processing (Amounts in millions) $510 $(204) $(36) Q 1 -FY 09 Operating profit Crushing & Origination Crushing & Refining Packaging Origination Biodiesel & Other Refining, Packaging, Biodiesel & Other $14 Asia $284 Q 1 -FY 10 Operating profit Asia First Quarter FY 2010 7

Segment Operating Profit – Corn Processing (Amounts in millions) $129 $(59) $188 $118 Q

Segment Operating Profit – Corn Processing (Amounts in millions) $129 $(59) $188 $118 Q 1 -FY 09 Operating Profit Sweeteners & Starches Sweeteners & Starches Bioproducts Q 1 -FY 10 Operating Profit Bioproducts First Quarter FY 2010 8

Segment Operating Profit – Ag Services (Amounts in millions) $(228) $428 $(25) $175 Q

Segment Operating Profit – Ag Services (Amounts in millions) $(228) $428 $(25) $175 Q 1 -FY 09 Operating Profit Merchandising & Handling Merchandising Transportation & Handling Q 1 -FY 10 Operating Profit Transportation First Quarter FY 2010 9

Segment Operating Profit – Other (Amounts in millions) $120 Q 1 -FY 09 Operating

Segment Operating Profit – Other (Amounts in millions) $120 Q 1 -FY 09 Operating Profit Wheat, Cocoa & Malt $4 $3 Wheat, Cocoa & Malt Financial $127 Q 1 -FY 10 Operating Profit Financial First Quarter FY 2010 10

Corporate Highlights (Amounts in millions) (1)Restated following adoption of ASC Topic 470 -20 and

Corporate Highlights (Amounts in millions) (1)Restated following adoption of ASC Topic 470 -20 and ASC Topic 810 First Quarter FY 2010 11

Statement of Earnings Summary (Amounts in millions, except per share data and percentages) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Statement of Earnings Summary (Amounts in millions, except per share data and percentages) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ (1)Restated following adoption of ASC Topic 470 -20 and ASC Topic 810 First Quarter FY 2010 12

Balance Sheet Highlights (Amounts in millions) (1)Cash = cash and cash equivalents and short-term

Balance Sheet Highlights (Amounts in millions) (1)Cash = cash and cash equivalents and short-term marketable securities 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) (3)Restated following adoption of ASC Topic 470 -20 and ASC Topic 810 (2)Current First Quarter FY 2010 13

Cash Flow Summary (Amounts in millions) (1)Restated following adoption of ASC Topic 470 -20

Cash Flow Summary (Amounts in millions) (1)Restated following adoption of ASC Topic 470 -20 and ASC Topic 810 First Quarter FY 2010 14

Financial Returns (Annualized quarterly RONA and ROE) $20 18% 16% Net Asset Base ($B)

Financial Returns (Annualized quarterly RONA and ROE) $20 18% 16% Net Asset Base ($B) $16 14% 12% $12 10% 8% $8 6% 4% $4 2% $0 0% Q 209 (2) Fixed Investment (1)Adjusted (2)Restated Q 309 (2) Q 409 (2) Q 110 Working Capital/ RONA % (1) ROE % Other Liabilities (1) for LIFO following adoption of ASC Topic 470 -20 First Quarter FY 2010 15

Q&A 16

Q&A 16

Upcoming Events • ADM Annual Meeting of Stockholders November 5, 2009 • Morgan Stanley

Upcoming Events • ADM Annual Meeting of Stockholders November 5, 2009 • Morgan Stanley Global Consumer and Retail November 19, 2009 Conference - NY • Citi Investment Research Food Holiday - 1 st December 3, 2009 Annual Food Manufacturing Conference • ADM celebrates the 85 th listing anniversary at December 3, 2009 the NYSE by ringing the closing bell First Quarter FY 2010 17

Appendix 18

Appendix 18

LIFO Adjusted RONA Assets – FY 2010 (Amounts in millions) (1) Restated following adoption

LIFO Adjusted RONA Assets – FY 2010 (Amounts in millions) (1) Restated following adoption of ASC Topic 470 -20 First Quarter FY 2010 19

LIFO Adjusted RONA Earnings – FY 2010 (Amounts in millions) (1) Restated following adoption

LIFO Adjusted RONA Earnings – FY 2010 (Amounts in millions) (1) Restated following adoption of ASC Topic 470 -20 First Quarter FY 2010 20

Summary of Specified Items (Amounts in millions) First Quarter FY 2010 21

Summary of Specified Items (Amounts in millions) First Quarter FY 2010 21

Processed Volumes Metric Tons Processed (000 s) (1)Wheat, Cocoa and Malt volumes exclude Malt

Processed Volumes Metric Tons Processed (000 s) (1)Wheat, Cocoa and Malt volumes exclude Malt in light of the sale of the Company's Malt business on July 31, 2008. First Quarter FY 2010 22

Non-GAAP Reconciliation Notes The Company uses certain “Non-GAAP” financial measures as defined by the

Non-GAAP Reconciliation Notes The Company uses certain “Non-GAAP” financial measures as defined by the Securities and Exchange Commission. These are measures of performance not defined by accounting principles generally accepted in the United States, and should be considered in addition to, not in lieu of, GAAP reported measures. Earnings adjusted for specified items is ADM’s net earnings after removal of the effect on earnings of certain specified items. Management believes that earnings adjusted for specified items represents a useful measure of ADM’s performance. Earnings adjusted for specified items is a non-GAAP financial measure and is not intended to replace net earnings, the most directly comparable GAAP financial measure, and should not be considered as an alternative to net earnings or any other measure of operating results under GAAP Total segment operating profit, which is the consolidated segment operating profit of all of ADM’s operating segments, is ADM’s consolidated income from operations before income tax that includes interest income and expense of each segment relating to financing operating working capital. 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 from operations before income tax or any other measure of consolidated operating results under U. S. GAAP. LIFO impact per share (net of tax) The Company values certain inventories using the lower of cost, determined by either the first-in, first-out (FIFO) or last-in, firstout (LIFO) methods, or market. This document contains non-GAAP financial measures, including the after tax impact of LIFO on diluted earnings per share and LIFO adjusted return on net assets. We believe the inclusion of the impact of changes in the LIFO reserve, net of tax, in this document helps investors gain a meaningful understanding of operating results, and is consistent with how management measures the Company's performance, especially when comparing such results to prior periods. 23

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