China’s Cofco Sells Chicago’s Last Grain Terminal to Growmark

Cofco International Ltd., the trading arm of China’s largest food company, agreed to sell its Chicago grain terminal to agricultural cooperative Growmark Inc.

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. Cofco also agreed to purchase Growmark’s minority stake in a transloading facility elsewhere in Illinois.

The deal comes after Cofco offloaded its Milwaukee facility in the neighboring state of Wisconsin last year. It also follows the company’s decision to relocate from downtown Chicago to the suburbs ...