ADM adds to US capacity with boosted grain storage.

US grain storage capacity continues to trend higher as farm production grows, with Archer Daniels Midland Co. (ADM) becoming the latest company to announce expansion plans. The Decatur, Ill.-based grain processor and merchandiser said its elevators in Novelty and Center, Mo, will triple their storage capacity, while a barge-loading terminal in Quincy, Ill, will add grain storage as well.

Construction at the facilities will begin this spring with the expanded capacity ready for the fall harvest. The expansion projects will add nearly 1.7 million bushels of storage capacity, the company said. In the US, ADM operates 191 elevators with an aggregate storage capacity of more than 420 million bushels. Read more ...

This blog is written by Martin Little The Global Miller, published and supported by the GFMT Magazine from Perendale Publishers.