Ceres Global Ag Corp T.CRP

Alternate Symbol(s): CERGF

Consumer Defensive Food Distribution

Ceres Global Ag Corp. and its subsidiaries serve agricultural, energy and industrial supply chains through efficient sourcing, storing, transporting and marketing of high-quality agricultural commodities, value-added products and raw materials. Its segments include Grain, Supply Chain Services, and Seed Retail and Processing. The Grain segment is engaged in grain procurement and merchandising of specialty grains and oilseeds, such as oats, barley, rye, hard red spring wheat, durum wheat, canola, and pulses. The Supply Chain Services segment utilizes the Company’s facilities to provide logistics services, storage, and transloading for commodities and industrial products. The Seed Retail and Processing segment is engaged in soybean crush, and seed distribution in western Canada. It operates 11 locations across Saskatchewan, Manitoba, and Minnesota. These facilities have an aggregate grain and oilseed storage capacity of approximately 29 million bushels.

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Ceres Global Ag Corp

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Post by fasteddy0043on Feb 14, 2018 8:50am

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Post# 27556278

Earnings

In calculating adjusted net income, Ceres excludes excludes a lot of items . Those items will eventually have to be accounted for. With there being a glut of grains on the market, it made it hard to be a trader. Revenues were down,ok. Not good to be moving a lot of volume if you can't make money at it, as last year 11 million loss in a quarter last year showed us. Believe inflation is coming which should make opportunities for commodities. Need to increase number of products that is being moved. Looking forward to the CALL

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