Farms.com Home   Ag Industry News

Grain terminal to be built near Maymont, Saskatchewan

Facility could open by 2018

By Diego Flammini
Assistant Editor, North American Content
Farms.com

A new grain terminal is being built near Maymont, Saskatchewan and it could be open within two years.

The project is being led by GrainsConnect Canada, a 50/50 partnership with GrainCorp of Australia and Zen-Noh Grain Corporation, an American subsidiary of Japan’s Zen-Noh. It  is one of four terminals being constructed. Another will be built in Saskatchewan and the other two in Alberta.

“These sites will be part of a fully integrated supply chain for the origination, marketing, storage, handling, distribution and exporting of Canadian grain and oilseed,” GrainCorp said in a December 2015 release.

During a recent investor presentation, GrainCorp said the Canadian facilities represent a substantial investment in Canadian grain infrastructure.

Grain Corp
Initial drilling for grain elevator construction at Maymont, Saskatchewan.
Photo: GrainCorp

 

The projects will also provide exposure to the Canadian grain market, which has an average annual production of 63MMT, compared to Australia’s 36MMT. Combined, the four facilities will have a total throughput of about 1 MT.

According to the presentation, GrainCorp has the land and the crews in place to begin building.

“Land has been purchased and civil and construction contractors have been commissioned to start building grain elevators and shuttle loaders,” the presentation says.


Trending Video

NEW “FEMO” = AI STOCK FRENZY!

Video: NEW “FEMO” = AI STOCK FRENZY!


The new acronym on Wall Street is not “FOMO”, its “FEMO” - Fabulous Earnings Momentum. DELL this week crushed their earnings and revenue guidance sending the stock up 40%! Micron's valuation went from 500 billion to 1 trillion in 48 days!
U.S. Corn Belt drought expanding need timely rains in June.
Rumors this week that China was lowering U.S, ag tariffs and wanting to buy U.S. corn?
Flood could damage crops in China like corn and wheat.
U.S./Iran 60-day truce = lower crude oil futures by end of June.
U.S. urea futures down 28%.
Soy oil and canola futures technically breaking out
+ CFTC.