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Decatur, Ill.-based ADM and other grain giants are vying for growing business in China and other emerging markets, where incomes are rising and consumers are eating more meat products and other foods. Rival Cargill, based in Minnetonka, Minn., and one of the world’s biggest privately held companies, bought the Australian Wheat Board’s trading and [...]  The biggest losers in Japanese trading house Marubeni’s $5.6 billion deal to buy Gavilon may not be the quartet of huge Western traders who have long dominated the global grain markets, such as Cargill. Instead, it is the Asian trading houses like Noble and Olam International who do not own assets such as grain elevators [...] |
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