Farms.com Home   Ag Industry News

CWB Builds its First Grain Elevator

By Amanda Brodhagen, Farms.com

The CWB recently announced that it has begun building a new grain elevator, west of Portage La Prairie in Bloom, Manitoba. The elevator is expected to be ready for the 2015 harvest.

News of the elevator construction signals that the CWB is making strides as an independent grain handler. The elevator will be the CWB’s first construction of a grain-handling facility.  

In a release CWB says that construction is under way near the Trans-Canada Highway, about four miles west of Yellowhead. The state-of-the-art facility will include 33,900 metric tonnes of storage capacity, with a 17,400 MT workhouse, plus cleaning facilities.

“The site is easily accessible from a number of highways, including the Trans-Canada and the Yellowhead, and it is located in an area with a clear need for more grain-handling capacity,” CWB president and CEO Ian White said in a release.

The facility will add to the company’s network that includes Mission Terminal in Thunder Bay, Les Élévateurs des Trois-Rivières in Quebec, as well as a minority interest in Prairie West Terminal.
 


Trending Video

Iran War = “Trend is Your Friend” Short-Term BUT……

Video: Iran War = “Trend is Your Friend” Short-Term BUT……


Historically wars like the 2026 Iran war are bullish hard assets like grains, metals and energy! The funds are spooked and do not want to be short, but do they price in the news over time, similar to the Ukraine/Russian war that started on Feb. 24, 2022? A closure of the Strait of Hormuz is the key to the surge in crude oil, natural gas prices and fertilizer prices.  Grains are breaking out to new contract highs as a hedge against inflation.