Feb 03, 2023

Cargill closes Indiana port grain elevator

The facility in Portage, Indiana, handled soybeans, corn and wheat and had a storage capacity of 7.2 million bushels.

Cargill Inc. closed its grain elevator in Portage, Indiana, on January 31, according to the company’s website.

The elevator, which handled soybeans, corn and wheat, had a storage capacity of 7.2 million bushels, according to the Grain and Feed Association of Indiana.

In an email statement to Reuters on February 2, Cargill said it decided not to renew its lease for the facility because of “several different contributing factors which include the current and projected market environment.”

Cargill will relinquish control of the facility to the Ports of Indiana as of June 1, and port officials are looking for a new operator, said Ryan McCoy, port director for Ports of Indiana-Burns Harbor.

Feed & Grain Staff

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Marketwatch: Mar, 29

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open: 6.5192
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low: 6.5038
close: 6.5313

US Soybean Price Idx: ZSPAUS.CM

open: 14.1991
high: 14.3893
low: 14.1566
close: 14.3578

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low: 8.2527
close: 8.3587

US Soft Red Winter Wheat Price Idx: ZWPAUS.CM

open: 6.4098
high: 6.4923
low: 6.3998
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