09:54 AM EST - Ceres Global Ag Corp. : Announced that it will put three grain storage elevators located in Buffalo (Lakeport), New York, Minneapolis (Calumet) and Duluth (Lakeport), Minnesota out of service as part of a strategic initiative designed to reduce operating costs and better align operations with the company's long-term plans and focus. The grain elevator closures will take effect with the start of 2016 crop season in July. Ceres expects that the closures will result in an annual reduction of operating expenses of $2 to $2.5 million U.S. Ceres' Duluth storage facility, which has a capacity of 12.2 million bushels, will remain open and be the primary focus of operations in the area. Ceres Global Ag Corp.
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