Archer Daniels (ADM -4.2%) says it's purchased a port terminal in the state of Para in Brazil....

|About: Archer Daniels Midland Co. (ADM)|By:, SA News Editor

Archer Daniels (ADM -4.2%) says it's purchased a port terminal in the state of Para in Brazil. Originally designed to handle minerals, ADM plans to convert the facility to handle bulk grains and agricultural inputs, and to double its storage capacity to handle Panamax vessels. Once completed, the new port will have capacity to handle 3M metric tons a year.