ADM-ACTI Trade Resources, the agricultural commodity trader, has lost five traders in its Minneapolis office, most of whom are said to be about to set up their own businesses. The team comprised of Joe Wagner, John Longwell, Ernesto Fernandez, Sylvio Flores and Brett Lillemoe, who previously were at Cargill and Global Trade Resources before joining ADM-ACTI around a year and a half ago.

Christian Maret is taking control of the team from Hamburg, while replacements are being sought for Minneapolis.