Minneapolis, MN (May 14, 2021) – Ceres Global Ag Corp. (TSX: CRP) (“Ceres” or the “Corporation”) today announced its financial and operating results for the quarter ended March 31, 2021. All amounts are in U.S. currency unless otherwise noted.
“We had a solid third quarter with higher than usual volumes for what is typically a weaker seasonal period,” said Robert Day, President and Chief Executive Officer of Ceres. “Our team managed market volatility well and we were particularly pleased with the results from core products such as oats, wheat, and canola, despite limited logistical outlets due to seasonal closures in the Great Lakes and the upper Mississippi River. During the quarter, we also completed the formation of Farmers Grain, LLC – a joint venture whereby we are adding strategic origination of our core products while also expanding our geographic footprint in the upper Midwest region of the U.S.”