April 4 (Reuters) - Ceres Global Ag Corp
* Ceres global ag optimizes the number of terminals in its
network; provides update on northgate operations
* Will put three grain storage elevators out of service as
part of a strategic initiative designed to reduce operating
costs
* Expects that closures will result in an annual reduction
of operating expenses of us$2 to $2.5 million
* Grain elevator closures will take effect with start of
2016 crop season in july
* Duluth storage facility, which has a capacity of 12.2
million bushels, will remain open and be primary focus of
operations in area
* Expects its northgate terminal to be fully commissioned by
april 30 as scheduled
Source text for Eikon: ID:nCNWQhT2Va
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