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ADM, Cargill make joint play in Egypt


Agriculture giants Archer Daniels Midland and Cargill, which both have operations in Iowa, have agreed to a joint soybean venture in Egypt, Reuters reported. The companies noted strong demand for edible oil and livestock feed. The agreement will give ADM joint ownership of Cargill’s soy crushing facility in Borg Al-Arab on the Mediterranean coast, the companies said in a statement today.

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