Net earnings for the fourth quarter decreased 83 % to $ 64 million. Net sales and other operating income for the quarter decreased 24 % to $ 16.5 billion.

"In the fourth quarter, we felt the impact of the global economic downturn, as we concluded a year of good performance overall. In this downturn, we used our strong balance sheet and cash flow to make strategic investments to build long-term value," said Chairman of the Board and Chief Executive Officer Patricia Woertz. "As we look ahead, we see signs of improving demand in the various food, feed and fuel markets we serve. We remain financially strong and well positioned to capture value as global markets recover."

   --  Net earnings for the year ended June 30, 2009, decreased 5 % to $ 1.7       billion - $ 2.65 per share from $ 1.8 billion - $ 2.79 per share.     --  Net sales and other operating income for the year ended June 30, 2009,       decreased 1 % to $ 69.2 billion from $ 69.8 billion.     --  Segment operating profit for the year ended June 30, 2009, decreased       29 % to $ 2.5 billion from $ 3.4 billion.     Financial Highlights   (Amounts in millions, except per share data and percentages)                            Quarter ended               Year ended                              June 30                   June 30                           2009      2008 % Change    2009    2008   % Change                           ----      ---- --------    ----    ----   --------   Net sales and other    operating income     $16,532   $21,784   (24) % $69,207 $69,816     (1)%   Segment operating    profit                  $208      $777   (73) %  $2,453  $3,441    (29)%   Net earnings              $64      $372   (83) %  $1,707  $1,802     (5)%   Earnings per share       $.10      $.58   (83) %   $2.65   $2.79     (5)%   Average number of    shares outstanding       643       647              644     646     --  Net earnings for the fourth quarter decreased 83 % to $ 64 million - $       0.10 per share from $ 372 million - $ 0.58 per share.     --  Net sales and other operating income for the quarter decreased 24 % to       $ 16.5 billion.    --  Segment operating profit for the quarter decreased 73 % to $ 208       million.       --  Oilseeds Processing operating profit decreased as global demand           weakened.       --  Corn Processing operating profit decreased due to the effects of           higher net corn costs and a weak ethanol environment.       --  Agricultural Services operating profit decreased on weaker global           demand for agricultural commodities and less favorable risk           management results.        --  Other operating profit decreased due principally to investment and           insurance losses.     2009 Strategic Investment Activities   

In Fiscal 2009, the Company advanced its strategy to expand the size and global reach of its core model:

   --  The Company continued to build out its major projects, completing       construction of a co-generation plant in Clinton, Iowa. It advanced       construction on ethanol dry mills in Columbus, Neb.; and Cedar Rapids,       Iowa; on a co-generation plant in Columbus, Neb.; on a cocoa       processing facility in Hazleton, Pa.; and on plants to produce       renewable plastic and propylene/ethylene glycol.     --  The Company further enhanced its processing operations with capacity       expansions and selective acquisitions. In North America, it grew its       oilseeds processing, milling and cocoa processing capacity. In Europe,       it acquired an oilseed processing facility and an industrial chocolate       business. And in South America, it expanded its biodiesel production       and fertilizer blending capacity, and it acquired an oil packaging       facility.     --  The Company expanded its global origination and transportation       network, adding barges and silos in North and South America and       acquiring oceangoing vessels.     --  The Company formed strategic joint ventures. To enhance the value of       its North American packaged oils business, it formed Stratas Foods,       LLC, with Associated British Foods plc. In Brazil, it joined with       Grupo Cabrera, adding sugarcane to its feedstock base and constructing       two sugar and ethanol plants, the first of which is expected to begin       production this fall.     Discussion of Operations   

Net sales and other operating income decreased 24 % to $ 16.5 billion for the quarter and decreased 1 % to $ 69.2 billion for the year. For the quarter, decreased average selling prices reduced net sales and other operating income by approximately $ 5.8 billion and were partially offset by higher sales volumes. Average selling prices decreased in line with year-over-year declines in underlying commodity costs and foreign exchange translation impacts. For the year, a decrease in net sales and other operating income of approximately 3 % resulted from lower sales volumes and was partially offset by an increase related to higher average selling prices of approximately 2 %.

   A summary of segment operating profit and net earnings is as follows:                             Quarter ended                 Year ended                              June 30                      June 30                              -------                      -------                            2009     2008    Change     2009    2008   Change                            ----     ----    ------     ----    ----   ------     Oilseeds Processing     $227     $375     $(148)  $1,280  $1,040    $240    Corn Processing          (11)     262      (273)     185     961    (776)    Agricultural Services    (17)     106      (123)     994   1,017     (23)    Other                      9       34       (25)      (6)    423    (429)                             ---       --       ---       --     ---     ----        Segment operating         Profit              208      777      (569)    2,453  3,441    (988)    Corporate               (146)    (238)       92        81   (817)    898                            ----      ----       --        --   ----     ---        Earnings before         income taxes         62      539      (477)    2,534  2,624     (90)    Income taxes               2     (167)      169      (827)  (822)     (5)                             ---     ----       ---      ----   ----       --        Net earnings         $64     $372     $(308)   $1,707 $1,802    $(95)                             ===     ====     =====    ====== ======     ====     Discussion of Operations (Continued)   

Segment operating profit decreased $ 569 million for the quarter and $ 988 million for the year. Corporate results increased $ 92 million for the quarter and $ 898 million for the year. Income taxes decreased $ 169 million for the quarter and increased $ 5 million for the year. Income taxes include charges resulting from a holding company restructuring related to a portion of the Company's equity investment in Wilmar International Limited of $ 61 million and $ 158 million for the quarter and year, respectively. In addition, income taxes for the quarter and year were positively impacted by geographic mix of earnings, currency translation impacts in South America, and return to provision adjustments.

   Oilseeds Processing Operating Profit                             Quarter ended                 Year ended                              June 30                      June 30                              -------                      -------                            2009     2008    Change     2009    2008   Change                            ----     ----    ------     ----    ----   ------     Crushing and     origination            $141     $276     $(135)    $767    $727     $40    Refining, packaging,     biodiesel and other      21       34       (13)     265     181      84    Asia                      65       65         -      248     132     116                              --       --       ---      ---     ---     ---        Total Oilseeds         Processing         $227     $375     $(148)  $1,280  $1,040    $240                            ====     ====     =====   ======  ======    ====   

Oilseeds Processing operating profit decreased $ 148 million for the quarter and increased $ 240 million for the year. Crushing and origination results declined $ 135 million for the quarter on lower North American crush volumes and cash margins, and decreased soy crush and grain origination volumes and margins in Europe. Crushing and origination results increased $ 40 million for the year as global crushing margins improved. Year-over-year fertilizer sales volumes and margins decreased and North American crush volumes declined due to lower demand.

Refining, packaging, biodiesel and other operating profit decreased $ 13 million for the quarter. Decreased European biodiesel margins and restructuring charges related to the Stratas JV negatively impacted results. Refining, packaging, biodiesel and other results increased $ 84 million for the year due to increased biodiesel sales volumes in South America, increased average margins for value-added products and asset abandonment charges of $ 27 million included in the prior year.

Oilseeds results in Asia were unchanged for the quarter and increased $ 116 million for the year as the Company's investments, principally the equity interest in Wilmar International Limited, continued to perform well.