, Columnist
There’s a New Agri-Giant Invading the U.S. Heartland
Glencore and its wheat-rich division Viterra clinch a deal with Marubeni for a Nebraska grain trader.
Glencore goes for golden grain in Nebraska.
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For decades, four companies have dominated the agricultural market — grain barons controlling our daily bread and beef, and, increasingly, our vegan options, too. The quartet is made up of Archer-Daniels-Midland Co., Bunge Ltd., Cargill Inc., and Louis Dreyfus Co. — or ABCD for short.
It’s a neat acronym for a very profitable, if low-profile, industry. Glencore Plc, the London-listed natural resources giant, is now trying to break in with its own initial. From a business perspective, the timing is perfect; from a political perspective, it may be difficult.