Year Ended December 31,
(US$ in millions, except percentages)			2004			2003		Percent Change		2002		Percent Change
Volumes (in thousands of metric tons):
Agribusiness			88,619			86,962		2%		69,606		25%
Fertilizer			11,589			11,538		–		10,708		8%
Edible oil products			4,728			4,100		15%		1,946		111%
Milling products			3,987			3,468		15%		3,303		5%
Other (soy ingredients)			–			140		(100)%		226		(38)%
	Total		108,923			106,208		3%		85,789		24%
Net sales:
Agribusiness		$	17,911		$	16,224		10%	$	10,483		55%
Fertilizer			2,581			1,954		32%		1,384		41%
Edible oil products			3,872			3,184		22%		1,279		149%
Milling products			804			751		7%		628		20%
Other (soy ingredients)			–			52		(100)%		108		(52)%
	Total	$	25,168		$	22,165		14%	$	13,882		60%
Costs of goods sold:
Agribusiness		$	(16,975	)	$	(15,675	)	8%	$	(9,700	)	62%
Fertilizer			(1,980	)		(1,581	)	25%		(1,091	)	45%
Edible oil products			(3,615	)		(2,900	)	25%		(1,128	)	157%
Milling products			(712	)		(670	)	6%		(551	)	22%
Other (soy ingredients)			–			(34	)	(100)%		(74	)	(54)%
	Total	$	(23,282	)	$	(20,860	)	12%	$	(12,544	)	66%
Gross profit:
Agribusiness		$	936		$	549		70%	$	783		(30)%
Fertilizer			601			373		61%		293		27%
Edible oil products			257			284		(10)%		151		88%
Milling products			92			81		14%		77		5%
Other (soy ingredients)			–			18		(100)%		34		(47)%
	Total	$	1,886		$	1,305		45%	$	1,338		(3)%
Selling, general and administrative expenses:
Agribusiness		$	(471	)	$	(332	)	42%	$	(284	)	17%
Fertilizer			(197	)		(129	)	53%		(100	)	29%
Edible oil products			(157	)		(180	)	(13)%		(134	)	34%
Milling products			(46	)		(43	)	7%		(51	)	(16)%
Other (soy ingredients)			–			(7	)	(100)%		(10	)	(30)%
	Total	$	(871	)	$	(691	)	26%	$	(579	)	19%
Foreign exchange gain (loss):
Agribusiness		$	(17	)	$	89			$	(171	)
Fertilizer			(32	)		(20	)			9
Edible oil products			5			–				3
Milling products			–			–				–
Other (soy ingredients)			–			(1	)			3
	Total	$	(44	)	$	68			$	(156	)