# Ceres Global Ag, CGB Form Savage Riverport LLC - The Waterways Journal

> Ceres Global Ag and Consolidated Grain & Barge announced a joint venture to own and operate the Savage Riverport terminal near the Twin Cities. The facility has 9.2 million bushels of storage and handles wheat, corn, soybeans and oats with rail, truck and barge shipping.

- Date: 2018-05-07 · published 2018-05-07T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/64908-ceres-global-ag-cgb-form-savage-riverport-llc-the-waterways-journal
- Commodities: [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

The deal consolidates Upper Mississippi grain handling capacity, which may improve logistics efficiency but has little immediate effect on prices.

## Sources

- waterwaysjournal.net: https://www.waterwaysjournal.net/2018/05/07/ceres-global-ag-cgb-form-savage-riverport-llc/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.