Bartlett Grain Company Completes Acquisition of Ceres Global Ag Corp.

Jul 08, 2025

MINNEAPOLIS, MN- Ceres Global Ag Corp. ("Ceres" or the "Corporation") (TSX: CRP) and Bartlett Grain Company, LLC ("Bartlett"), part of the Savage family of companies focused on international agricultural merchandising and storage, are pleased to announce that 1001239530 Ontario Inc. (the "Purchaser"), a newly formed entity controlled by Bartlett, has completed the previously announced statutory plan of arrangement whereby the Purchaser has acquired all of the issued and outstanding common shares of Ceres (the "Shares") for US$4.50 per Share, in cash (the "Transaction"). The Transaction, which was announced on May 20, 2025, was approved by shareholders of the Corporation at a special meeting held on June 30, 2025.

In connection with the closing of the Transaction, it is expected that the Shares will be delisted from the Toronto Stock Exchange (the "TSX") at the close of trading on July 8, 2025 and that the Corporation will promptly apply for an order to cease to be a reporting issuer in each of the applicable jurisdictions in Canada.

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Video: Supplemental Nitrogen on Soybeans: Can Early Nitrogen Increase Yield?

Can supplemental nitrogen help soybeans reach higher yield potential? Technical Agronomist Tim Sickman walks through an ongoing trial at the Nutrien Innovation Farm in Owensboro, Kentucky, exploring whether a modest amount of nitrogen applied at planting can support higher-yielding soybean environments.

The trial compares 30 pounds of supplemental nitrogen across both 15- and 30-inch rows, along with treatments that include sulfur and micronutrients. Similar trials conducted in 2024 and 2025 delivered a six- to seven-bushel yield response, prompting the team to expand the research this season.

Early observations show that treated soybeans are slightly taller and averaging about two additional nodes on the main stem. These added nodes could create more opportunities for blooms and pods, but the true results will come at harvest when the team evaluates pod development, seed fill and final yield.

In This Video:

Why high-yield soybeans may need supplemental nitrogen

Results from the 2024 and 2025 trials

Nitrogen treatments in 15- and 30-inch rows

Fertilizer placement and application methods

Differences in plant height and node counts

Potential effects on pod development and yield