ConAgra's New Recipe

The food giant is shedding its commodity trading unit to better focus on building its packaged-goods biz

Even though scores of new investors have been pouring into commodities trading, one big player wants out of the game. Shares of ConAgra Foods (CAG) were up more than 6% on Mar. 27 after the Omaha food company announced the sale of its commodity trading operations, as well as better-than-expected revenues for its packaged foods business.

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