In a Sept. 18 letter posted to its website, North West Terminal (NWT) announced it is idling its grain elevator near Unity, Sask., due to financial challenges.
NWT started what it calls a “strategic review process” last August to look at potential actions.
“Significant headwinds in the grain industry have resulted in negative margins for the grain division the past several years and are expected to continue into 2025,” the letter says. “As part of this action, NWT will be suspending all purchases of grain from producers and letting its Primary Elevator Licence expire.”
The Canadian Grain Commission’s website confirms NWT's license is no longer in effect as of Sept. 18.