MINNEAPOLIS, MINNESOTA, US — With effective trading and risk management practices, Tom Coyle, chief executive officer of Ceres Global Ag, said the company was able to deliver solid quarterly results.

The company posted net income for the third quarter ended March 31 of $1.6 million, up from $985,000 in the same quarter a year ago. Revenue also increased to $215 million from $212.3 million a year ago.

“In light of recent US trade policies and resulting tariff-driven market volatility, we adapted to changing market conditions to deliver solid quarterly and year-to-date results,” Coyle said. “As uncertainty around tariffs persists, we remain committed to actively managing tariff risks while leveraging our cross-border network of assets to deliver value for our partners. Our joint ventures, along with our Supply Chain Services and Seed Retail segments, have also continued to perform well this quarter.”

Looking ahead, Coyle said the landscape remains challenging with tariffs causing significant volatility in commodity markets.

“Uncertainties in US-China trade relations and rising geopolitical tensions will continue to impact global agricultural supply chains,” he said. “To navigate the shifting landscape and potential disruptions in trade flows, we are proactively positioning Ceres to mitigate these risks while remaining vigilant of evolving trade policies.”

He said the company will closely monitor weather conditions as Canada and the United States enter their planting seasons to capitalize on market opportunities as they arise.

“By maintaining a strong focus on executing our core strategy of effectively trading our core products and maximizing the potential of our assets, we are well-prepared to navigate the complexities of the current market environment and deliver value to our shareholders,” Coyle said.

Ceres Global operates 10 locations across Saskatchewan, Manitoba, and Minnesota, with an aggregate grain and oilseed storage capacity of approximately 29 million bushels. The corporation also has membership interests in three agricultural joint ventures that have an aggregate grain and oilseed storage capacity of approximately 16 million bushels.