A major U.S. grain trader has filed for bankruptcy.

The American grain trading company Hansen-Mueller Co., based in Omaha, Nebraska, has filed for bankruptcy. This occurred shortly after the company restored its grain dealer license in November, which had been suspended in October due to non-payments to farmers, reports Reuters. As it was clarified, on November 17, the company announced that it had initiated a financial restructuring process and applied for protection under Chapter 11 of the U.S. Bankruptcy Code. Hansen-Mueller stated its intention "to conduct a strategic financial restructuring, resolve current economic problems, organize the sale of assets, and maximize the satisfaction of creditors and stakeholders' claims." In the case documents, Hansen-Mueller indicates that in recent years the company has faced a series of unsuccessful business ventures, including the conversion of a pasta factory and the development of its own software, as well as increased regulatory pressure following the suspension of its license. ...