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ADM, CVA Form JV to Construct Shuttle Loader Grain Elevator near Randolph, Neb.

Archer Daniels Midland Company (NYSE: ADM) and Central Valley Ag Cooperative (CVA) announced today the formation of 81-20 Grain Terminal, LLC, a joint venture to construct a 5 million bushel shuttle loader grain elevator near Randolph, Neb. The elevator will originate corn and soybeans from regional farmers, primarily for transportation by 110-car BNSF shuttle trains to export markets via the U.S. Gulf Coast, Pa.

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Posted-In: News Guidance Contracts Global

 

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