China’s Cofco Is Weighing Sale of Last Chicago Grain Terminal
- Move would come after the trader offloaded Milwaukee facility
- Trading arm of China’s top food company is moving from Chicago
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Cofco International Ltd., the trading arm of China’s largest food company, is exploring options including a sale for its Chicago grain terminal, according to people familiar with the matter.
The facility is the last of its kind still operating in the city that’s home to the Chicago Board of Trade, where benchmarks for wheat, corn and soybeans trade. The terminal in the southern part of the city is older and not as efficient as in the days Chicago was a major grain port, said the people, who asked not to be named because the information is private.