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MINNEAPOLIS, Feb. 12, 2021 /CNW/ - Ceres Global Ag Corp. (TSX: CRP) ( Ceres or the Corporation ) today announced its financial and operating results for the quarter ended December 31, 2020. All amounts are in U.S. currency unless otherwise noted.
CEO Commentary The second quarter marked a strong rebound as we increased volumes to our customers in North America and took advantage of market volatility, said Robert Day, President and Chief Executive Officer of Ceres. Our recent acquisitions enabled us to drive volume through our North American supply chains more competitively, offsetting the high-priced U.S. rail freight costs that continued to impact cereal grain competitiveness to world markets. In addition, we reached an important milestone by closing on the formation of Farmers Grain, LLC, our joint venture with Farmer s Cooperative Grain and Seed Association ( FCGS ) based in Thief River Falls, Minnesota.
Ceres Global Ag Corp Completes Formation of Grain Merchandizing Joint Venture in Thief River Falls, MN with Farmer s Cooperative Grain and Seed Association
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