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ADM's profit more than doubled during the second quarter as grain exports rebounded and demand for ethanol was strong.

The Decatur company posted net income of $533 million, or 81 cents per share, from $223 million, or 34 cents per share, in the same quarter a year earlier.

Zacks Investment Research says earnings, adjusted for non-recurring gains, came to 77 cents per share, which was 2 cents better than Wall Street was expecting.

Chairman and CEO Patricia Woertz says the company is preparing for large harvests because crops in North America and Europe "are developing nicely."

The agribusiness giant said revenue declined 4.6 percent to $21.49 billion from $22.54 billion in the same quarter a year ago, and that was short of the $23.16 billion that analysts were looking for.

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