According to today's USDA Grain Transportation Report, Cargill, Inc., has permanently closed its grain elevator at the Ports of Indiana–Burns Harbor.
On June 1, the company will relinquish its control of the facility to the Ports of Indiana, and port officials are currently seeking a new operator.
Cargill’s export facility is made up of 14 silos, and it has a 7.8-million-bushel capacity for soybeans, corn, and wheat.
According to Reuters, Cargill said it will not renew the facility’s lease because “of several contributing factors, which include the current and projected market environment,” and the company is working individually with customers to ensure their continued access to markets for their grain.
According to the Ports of Indiana, 11% of the annual cargo at the Burns Harbor location is made up of agricultural products—most of the cargo is steel. The port is multimodal—conveying cargo through truck, rail, barge, and ships.