Leaderless GrainCorp is lost in the maize

Alison Watkins' departure for Coca-Cola poses another challenge for GrainCorp, which is already reeling from Archer Daniels Midland's blocked takeover and the lost opportunities and capital that went with it.

The resignation of GrainCorp’s chief executive Alison Watkins provides an insight into how confident she and the company were that it would be taken over by Archer Daniels Midland, and how destabilised GrainCorp has been by Joe Hockey’s decision last week to block the bid.

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