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$ADM 2Q15 Call: We generated $1.2Bil from operations before working capital changes in the 6 months, slightly higher than the prior year. Total capital spending for the 6 months was $540MM, up from the prior year, but consistent with our guidance of $1.1-1.3Bil for the calendar year.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.