Minneapolis, MN (February 12, 2021) – 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.”
Read More