Agribusiness giant Archer Daniels Midland has reported a drop in quarterly earnings, despite good performances by its soybean and corn processing operations. The Illinois-based company posted earnings of US$95.02m, or 15 cents a share, for the fourth quarter to 30 June, compared to $112.26m, or 17 cents a share, a year earlier. Analysts polled by Reuters had expected earnings of 16 cents a share.