Farmland Industries, Inc., Kansas City, Mo., has agreed to sell its Atwood Commodities grain marketing arm to Archer Daniels Midland Co., Decatur, Ill.

Farmland Industries, Inc., Kansas City, Mo., has agreed to sell its Atwood Commodities grain marketing arm to Archer Daniels Midland Co., Decatur, Ill. Minneapolis-based Atwood Commodities is a wholly owned subsidiary of Farmland-Atwood, a licensed futures commission merchant

Futures commission merchant (FCM)

A firm or person engaged in soliciting or accepting and handling orders for the purchase or sale of futures contracts, subject to the rules of a futures exchange and, who, in connection with such solicitation or acceptance of orders, accepts any money or securities to provide margin for any resulting trades or contracts. The FCM must be licensed by the CFTC. Related: Commission house, omnibus account. that specializes in risk management and financial and grain support services to local grain companies and farmers.

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Comment:	Farmland Industries, Inc., Kansas City, Mo., has agreed to sell its Atwood Commodities grain marketing arm to Archer Daniels Midland Co., Decatur, Ill.
Publication:	Agri Marketing
Article Type:	Brief Article
Geographic Code:	1USA
Date:	Jul 1, 2001
Words:	55
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