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Canada’s CWB to Build Fourth Grain Elevator

(Reuters)

Canadian grain marketer CWB said on Friday that it will build a rural crop elevator near St. Adolphe, Manitoba, its fourth elevator, as it expands Canadian storage capacity to handle bigger crops.

The elevator will hold 34,000 tonnes of crops when it opens in early 2016 in the fertile Red River valley, CWB said. There will be track to load up to 134 rail cars, with access to Canadian National Railway Co and BNSF Railway Co .

CWB is also building crop elevators near Pasqua, Saskatchewan, Colonsay, Saskatchewan and Bloom, Manitoba. Rivals Richardson International Ltd, Cargill Ltd and Viterra have also announced building projects. Read more here.