In fiscal year 2016 the company handled 55.8 million bushels but in fiscal year 2017 the company has increased its grain handling capacity expectancy between 100 million bushels and 110 million bushels.
Ceres Northgate Terminal is a 1,200 acre multi-modal, multi-commodity facility designed to handle dry and liquid commodities, agricultural products, crude oil, liquefied petroleum gas, frac sand pipe and HD equipment. It is equipped with 120 car unit train capable loop tracks, single carload and unit train shipments and truck to rail/rail to truck transloading. It also has direct access to the BNSF main line.
“The expected 100% increase is also due to the record crops produced during the recently completed harvest,” the company said.
Headquartered in Minneapolis, Minnesota, U.S., Ceres Global Ag operates in two business units, one of which is a grain storage, handling and merchandising unit anchored by a collection of nine grain storage and handling assets. Its aggregate storage capacity is approximately 43 million bushels, including 5.4 million bushels of idle capacity.
Ceres’ Commodity Logistics unit is focused on the development of a Commodity Logistics Centre in Northgate, Saskatchewan. The Northgate Commodities Logistics Centre is a grain, agriculture services and oilfield supplies transloading site.