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ADM has reopened a key U.S. grain-export terminal after construction delays, a move that could help boost profits for one of the world’s largest agricultural commodity traders, reports Bloomberg.
The Reserve terminal in Louisiana, one of the three ADM owns in the Gulf of Mexico region, has now reopened, the Chicago-based company said in a statement in response to questions from Bloomberg on Monday. The facility was brought back online earlier than the company expected in June, when it estimated works would only be completed in early 2021.
In June, ADM said it had two other elevators in the region as well as facilities in Texas and the Pacific Northwest to help it manage export volumes.
