Elevator Site News

Three Canadian grain handlers said this week that they will expand facilities to handle the country's crops, after a record-smashing harvest overwhelmed the transportation system. Viterra, owned by Glencore Xstrata PLC, said on Thursday it will spend C$100 million ($92 million) to boost grain shipping through Port Metro Vancouver, while CWB, formerly known as the Canadian Wheat Board, said it is building a second Western Canadian grain elevator. Global commodities trader Cargill Ltd said on Wednesday that it would expand an elevator site in Manitoba. The moves come as the country's grain handlers and railways have struggled to move a record harvest to port, causing a massive backlog.