ADM Reopens Key U.S. Grain Terminal in Reserve, LA After Delays

Chicago-based Archer-Daniels-Midland Co. has reopened a key U.S. grain-export terminal after construction delays, according to a Bloomberg report.

The Reserve terminal in Louisiana, one of the three ADM owns in the Gulf of Mexico region, has now reopened, the 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 it would be ready in early 2021.

“We’re excited to have Reserve back to help support an extremely strong U.S. export program,” the company said.

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, which have surged due to Chinese purchases.

To read the full report, click here.

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