Archives for October 8, 2018

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Profits at Louis Dreyfus undermined by soy trading strategy

Profits at Louis Dreyfus undermined by soy trading strategy

By Jane Byrne

Agri-commodity trader, Louis Dreyfus Company (LDC), has reported a fall in half-year profits, seeing a negative impact from its hedging strategy. It said it had taken a hit on derivative contracts used to lock in margins in its soybean business.