ARCHER-DANIELS-MIDLAND COMPANY 77 West Wacker Drive, Suite 4600, Chicago, Illinois 60601 AMENDMENT NO. 1 TO ARCHER-DANIELS-MIDLAND COMPANY PROXY STATEMENT FOR ANNUAL MEETING OF STOCKHOLDERS TO BE HELD THURSDAY, MAY 3, 2018 EXPLANATORY NOTE This Amendment No. 1 to Schedule 14A (“Amendment No. 1”) is being filed to amend Archer-Daniels-Midland Company’s definitive proxy statement for its Annual Meeting of Stockholders to be held on Thursday, May 3, 2018 (the “Proxy Statement”), which was filed with the Securities and Exchange Commission on March 23, 2018, in order to correct an error to Juan R. Luciano’s compensation set forth in the “Proxy Summary” section on page 1 of the Proxy Statement. All other items of the Proxy Statement are incorporated herein by reference without changes. Except as specifically discussed in this Explanatory Note, this Amendment No. 1 does not otherwise modify or update any other disclosures presented in the Proxy Statement. In addition, this Amendment No. 1 does not reflect events occurring after the date of the Proxy Statement or modify or update disclosures that may have been affected by subsequent events. CHANGE TO PROXY STATEMENT The “Executive Compensation” subsection of the “Proxy Summary” section on page 1 of the Proxy Statement is amended as follows: Executive Compensation See pages 37–47 CEO: Juan R. Luciano CEO 2017 TOTAL DIRECT COMPENSATION: • Salary: $1,300,008 • Non-Equity Incentive Plan Compensation: $2,251,600 • Long-Term Incentives: $12,166,416 CEO Employment Agreement: No Change-in-Control Agreement: No Stock Ownership Guidelines: Yes Hedging Policy: Yes IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE STOCKHOLDER MEETING TO BE HELD ON MAY 3, 2018: THIS AMENDMENT NO. 1, THE PROXY STATEMENT AND ANNUAL REPORT TO STOCKHOLDERS ARE AVAILABLE AT https://www.proxy-direct.com/MeetingDocuments/29653/ARCHER-DANIELS-MIDLAND.pdf. ARCHER DANIELS MIDLAND COMPANY 2018 Letter to Stockholders Proxy Statement 2017 Form 10-K DearStockholders, ADMworkstogrowearningsandreturnsbyanticipatingandmeetingtrendsindemandforbasicfoods,ingredients,food solutionsthatpromotehealthandwellness,andrenewablefuelsandchemicals. Ourthree-partstrategyforachievingthosegoals—enhancingourcore;advancingReadiness,theevolutionofour operationalexcellenceefforts;andgrowingstrategically,particularlyintheareasofourvaluechainthatareclosertothe endcustomer—continuestodrivethecompany’slong-termvisionandourabilitytodeliverstrongresultsforshare- holders. In2017,ADMdeliveredadjustedearningsof$2.43pershare,comparedwith$2.16intheprioryear—a12.5percent increase.Wealsoimprovedourtrailingfour-quarteraverageadjustedreturnoninvestedcapital(ROIC)to6.4percent— 40basispointsaboveourannualweightedaveragecostofcapital(WACC)of6.0percent. Thisperformanceenabledustogeneratepositiveeconomicvalueadded,orEVA,ofalmost$100milliononafour-quarter trailingaveragebasisduringtheyear.Atthesametime,wereturned$1.5billiontoshareholdersin2017aspartofabal- ancedcapital-allocationframeworkthatalsoprovidesforinvestmentsinlong-termvaluecreation.Muchofthatamount cameintheformofshareholderdividends.Thefourthquarterof2017wasour345thconsecutivequarterlypayment,or86 uninterruptedyearsofdividends. Followingarehighlightsoftheyear’skeystrategicaccomplishments: • Enhancingourcore.Ourworktooptimizeourportfolioofexistingbusinessesresultedinsignificantvolumegrowth inourspecialtyoilsbusiness;operatingprofitgrowthofmorethan25percentinourWILDFlavorsbusiness;and year-over-yearvolumegrowthofmorethan20percentforourdestination-marketingbusiness. Wealsocontinuedtomanageourassetportfoliotomaximizereturns,includingthesaleofourCropRiskServices businessandtheagreementtosellouroilseedscrushingoperationsinBolivia. • ImprovingourcoststructurethroughReadiness.Readinessisamultiyearinitiativecombiningleanmanufactur- ing,processstandardizationanddigitaldesign.Itsobjectivesaretolowercostsandenableconsistentlygreat customerexperiences.In2017,weachieved$285millioninrun-ratecostsavings,andwewillcontinueimproving efficiencyandreducingcostsbyleveragingtechnologytohelpsavehundredsofmillionsofadditionaldollars. • GrowingstrategicallybybuildingoutourintegratedvaluechaininEMEA.OuracquisitionsofChamtor—a Frenchcompanythatproducessweetenersfromwheat—andBiopolis,theValencia,Spain-basedprobioticsmanu- facturer,haveincreasedourparticipationintheregionalmarketsforsweeteners,starchesandbioactives.Wegrew ourdestinationmarketingbusinessintheMiddleEastwiththeacquisitionofamajoritystakeinIsrael’sIndustries Centers,andinearly2018,weannouncedtheformationofajointventurewithCargilltoprovidesoybeanmealand oilforcustomersinEgypt. Wealsocontinuedusingtheincreasedflex-crushcapacityatourGermanoilseedsfacilitiestocrushnon-GMOsoy- beanstomeettheregion’sgrowingdemand.AndinMarchofthisyear,weannouncedanagreementtoacquirea 50percentequitystakeinthesweetenersandstarchesbusinessofRussia-basedAstonFoodsandFoodIngredients,a movethatwillallowustoaddresstheRussianfoodandbeverageindustry’sgrowingingredientneeds.Wearealso investingtomoveclosertocustomerstohelpthemleadinfast-growingmarketsegments,includingnaturalflavors andcolors,plant-basedproteins,ancientgrainsandsolublefiber. 2018outlook Aswedidlastyear,wearepullingtheleversunderourcontrolin2018todriveresults,evenas“greenshoots”ofimprov- ingbusinessconditionscontinuetoemergeinvarioussegments.Ouremphasisisonoptimizingourexistingbusinesses, andonreducingrun-ratecostsbyanadditional$200millionthroughReadiness.WewillaccelerateReadinessin2018, withinitiativesincluding: • Thecontinuedrolloutof1ADM,ourbusinesstransformationprojectthatishelpingstandardizeprocessesandsys- tems,improvedecision-making,andcontrolcosts. • Drivingenergy-efficiencyprojectswithhigh-efficiencymotors,low-energyevaporationtechnologiesandlow-energy mixingtechnology. • BroadeningourPerformanceExcellenceinitiative—arigorousprogramthatisempowering,engagingandenabling front-linecolleaguestohelpimproveandstandardizeprocessesthroughoutthebusiness. Wealsowillbenefitfromseveralofourlargestrecentinvestments—includingourCampoGrande,Brazil,specialtypro- teinscomplex—rampingupproductionin2018. Leadingwithaclearpurpose Asapremierglobalagribusinessandfood-ingredientprovider,ADMplaysacriticalroleinfeedingaprotein-hungryworld whosepopulationwillsurpass9.5billionbythemiddleofthiscentury.Atthesametime,ourmissionhasevolvedto includeprovidingbetternutritionforconsumersworldwide,whichhasapositiveimpactonpeople’squalityoflife. Tofulfillthesecommitmentstoourcustomers,theirconsumersandsocietyat-large,wewillpursuegrowthinfivekeyplat- formsthatwebelieveholdgreatpotentialtodrivestrongerearningsandreturns.Theyare: • Taste:We’vealreadyseentremendousgrowthintheWILDFlavorsbusinessweacquiredin2014.Goingforward,we willadvanceourproduct-innovationwork,broadenourfoodserviceandprivate-labelcustomerbase,andworkto replicateourregionalstrengths—suchastheculinarycapabilitieswe’vebuiltinNorthAmericafollowingour2015 acquisitionofEatemFoods—onaglobalscale.Wealsoplantocontinueexpandingournetworkofinnovationcen- ters,whichenableustocollaboratewithcustomersonnew-productdevelopmentandreformulations.Weopenedone facilityinSydneyin2017andanotherinSingaporeinJanuary2018,followingontheCranbury,NewJersey,centerwe openedin2016. • Nutrition:InadditiontoacceleratingsalesfromtheCampoGrandespecialtyproteinscomplex,weseeopportunities toleverageourexistingstrengthsinproteins,fibers,ediblebeansandotherfoodingredientstodevelopnewproducts andservicesthathelpourcustomersrespondeffectivelytochangingconsumerpreferences. • AnimalNutrition:Asglobalmeatconsumptioncontinuestoincrease,wewillserveasaleadingproviderofhigh- qualityanimalnutritionproductsforlivestockandaquacultureproducers,aswellasforcompanion-animalowners. Withthatgoalinmind,lastyearweacquiredthepet-treatmanufacturerCrosswindIndustries,Inc.,completedour latestfeed-premixfacilityinZhangzhou,China,andannouncedplanstoconstructanotherpremixplantinXiangtan, China.WealsoaddedaquaculturefeedproductionlinesatourexistingNanjing,China,complex. • Bioactives:Science’sunderstandingofthehumanandanimalgutmicrobiomescontinuestodeepen,whichprovides ADMwithanopportunitytobuildaportfolioofprebioticsandprobiotics,personalizednutritionsolutionsand animal-healthenzymesthataddressfast-growingdemandacrossthefoodandbeverage,personalcare,infantcare andpharmaceuticalsegments.Lastyear’sacquisitionofBiopolisgaveusastrongpresenceinthissector,andour subsequentannouncementofajointresearchpartnershipwiththeMayoCliniccenteredonweightlosscouldresultin findingswithbroadimplicationsforhumanhealthandwellness.Meanwhile,inJanuary2018,weannouncedajoint developmentagreementwithQingdaoVlandBiotechGroupCo.,Ltd.,forthedevelopmentandcommercializationof enzymesforanimalfeedapplications.Andlaterthisyear,wewillopenanewenzymelabinDavis,California,tosup- portadditionalresearchandcommercializationefforts. • Carbohydrates:Withaviewtogrowingourindustrial,foodandspecialty-starchportfolios,wewillcreateabroader carbohydrateplatformwithsignificantgrowthpotential.OuracquisitionofChamtor,ourlaunchofnewsweeteners madefromsteviaandmonkfruit,andthecontinuedsuccessoftheformerEaststarchsweeteneroperationsinEastern Europeillustratejustsomeofthepossibilities. Safety,SustainabilityandServicetoOurCommunities Thehealthandsafetyofour31,000colleaguesaroundtheglobewillalwaysbeourhighestpriority.Thefourthquarterof2017 wasADM’ssinglesafestthree-monthperiodonrecord,andwesetthreemonthlysafetyrecordsduringthecalendaryear. Alsoongoingisourworktostrengthenourenvironmentalperformanceandtheintegrityofoursupplychain.InMay,we reportedthatADMhadreducedenergyintensityby25percentandemissionsby11percentonaper-unit-of-production basissince2010;waterusagedeclinednearly25percentonthesamebasissince2008.Inkeepingwiththecommitments setforthintheno-deforestationpolicyweadoptedin2015,wereportedachieving98percenttraceabilityinourpalmoil supplychain;95.5percenttraceabilityforpalmkerneloil;and99percenttraceabilitytothemunicipality/districtlevelfor oursoybeansupplychain. Becausewebelievethatakeysuccessfactorforbusinessesisaninclusivecultureandadiverseworkforce,ADMfounded andcurrentlyleadsTogetherWeGrow,across-functionalcouncilrepresentingindustry,academia,NGOsandlegislative bodiesthatareworkingtogrowthepipelineofdiversetalentwithintheagriculturalindustry.Wealsoareamemberof CEOActionforDiversity&Inclusion,aCEO-ledcollaborationtocultivateworkplacesthatarebothdiverseandinclusive. Companywide,wecontinuetoinvestincolleaguedevelopmenttofurtherenhanceourteam’scapabilitiesandbuildour baseoftalentforthefuture. Aswemovefurtherinto2018,Iamproudofour31,000colleagues’dedicationandsenseofresponsibilityfordeliveringthe bestperformancepossible.Theirperseverance,customerfocusandcommitmenttoexcellenceinalltheydowasevident throughout2017,andIamconfidentwewillhavemanymorepositivedevelopmentstowriteaboutnextyearatthistime. Sincerely, JuanR.Luciano Chairman,CEOandPresident *Thisletterreferstonon-GAAP,or“adjusted,”financialmeasuresthatexcludecertainitemsfromthecomparableGAAPmeasure.Forareconciliationofthesenon-GAAPitemsto GAAP,pleaserefertoAnnexAtotheenclosedproxystatementandpage32oftheenclosedForm10-K. ARCHER DANIELS MIDLAND COMPANY 2018 Proxy Statement ARCHER-DANIELS-MIDLANDCOMPANY 77WestWackerDrive,Suite4600,Chicago,Illinois60601 NOTICEOFANNUALMEETING ToAllStockholders: NOTICEISHEREBYGIVENthattheAnnualMeetingofStockholdersofArcher-Daniels-MidlandCompany,aDela- warecorporation,willbeheldattheJAMESR.RANDALLRESEARCHCENTERlocatedat1001BrushCollegeRoad, Decatur,Illinois,onThursday,May3,2018,commencingat8:30A.M.,forthefollowingpurposes: (1)ToelectdirectorstoholdofficeuntilthenextAnnualMeetingofStockholdersanduntiltheirsuccessors aredulyelectedandqualified; (2)ToratifytheappointmentbytheBoardofDirectorsofErnst&YoungLLPasindependentauditorsto audittheaccountsofourcompanyforthefiscalyearendingDecember31,2018; (3)Toconsideranadvisoryvoteonthecompensationofournamedexecutiveofficers; (4)ToapprovethematerialtermsoftheADMEmployeeStockPurchasePlan; (5)Toconsiderandactuponthestockholder’sproposalregardinganindependentboardchairmansetforth intheaccompanyingproxystatement;and (6)Totransactsuchotherbusinessasmayproperlycomebeforethemeeting. ByOrderoftheBoardofDirectors D.C.FINDLAY,SECRETARY March23,2018 IMPORTANTNOTICEREGARDINGTHEAVAILABILITYOFPROXYMATERIALSFORTHE STOCKHOLDERMEETINGTOBEHELDONMAY3,2018:THEPROXYSTATEMENTANDANNUAL REPORTTOSTOCKHOLDERSAREAVAILABLEAT https://www.proxy-direct.com/MeetingDocuments/29653/ARCHER-DANIELS-MIDLAND.pdf.