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Louis Dreyfus Company has listed its Moree grain storage site in northwest New South Wales for sale, with expressions of interest closing April 24. The sale follows LDC's decision to separate its grain and cotton operations, with the Narrabri site believed sold last year.
This is a corporate asset sale that changes ownership of Australian grain storage but does not alter crop supply or demand. It has no meaningful price implication.
graincentral.comLiz WellsFeb 26, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
