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Cargill to Sell U.S. Seed Stores as Focus Narrows Amid Rout

  • Agricultural giant says it will focus on grain, oilseed trade
  • Agrium to acquire Cargill stores located in U.S. Corn Belt
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Cargill Inc. agreed to sell a chain of farm-retail stores, the latest divestment by the U.S. agricultural giant as it focuses on its core crop-trading business following a slump in commodity prices and profits.

The sale comprises 18 outlets that sell crop-related items such as seed and fertilizer that had a combined annual revenue of more than $150 million, Calgary-based Agrium said Wednesday in a statement. The deal doesn’t include Cargill’s retail sites in Canada. No price for the sale was given.