grain Archives - Page 10 of 20

CP, Kansas City lock in new deal as CN steps out

More efficient flow of grain, perishables, machinery parts touted

By Dave Bedard, GFM Network News September 15, 2021

Canadian Pacific Railway and U.S. railway Kansas City Southern on Wednesday again formalized their engagement after competing suitor Canadian National Railway walked away from the table. CP and KCS, which reported “unanimous” support from both companies’ boards, have entered a merger agreement committing CP to pay about $31 billion in cash and stock, or about […] Read more

Crops, Markets, Weather, Winter Wheat

Thunder Bay reports rare inbound grain shipment

By GFM Network News September 3, 2021

MarketsFarm — Grain movement at the Port of Thunder Bay included a rare inbound cargo of feed wheat, according to the port’s latest monthly report. A 12,000-tonne shipment of feed wheat was delivered to Richardson’s Current River elevator from the company’s facility in Hamilton, Ont. The wheat was said to be destined for Manitoba feedlots, […] Read more

Grain is loaded onto ships for export at a port on the Parana River near Rosario, Argentina on Jan. 31, 2017. (File photo: Reuters/Marcos Brindicci)

Crops, Reuters

Argentina forms agency to manage cargo river, grain exporters worry

Added bureaucracy in grain shipping feared

By GFM Network News August 25, 2021

Buenos Aires | Reuters — Argentina said on Wednesday it had formed a new government agency to manage dredging operations needed to ensure navigation of the Parana River, which carries about 80 per cent of the country’s grains exports from the Pampas farm belt out to sea. For decades, cargo ships have paid tolls directly […] Read more

File photo of wheat being loaded onto a bulk vessel at port in Russia. (YGrek/iStock/Getty Images)

Crops, Markets, Winter Wheat

Russia’s agriculture ministry pauses grain harvesting data

By Reuters, GFM Network News August 18, 2021

Moscow | Reuters — Russia’s agriculture ministry has paused its daily publication of grain harvesting data while it refines the reporting format used by the country’s growing regions, the ministry said Wednesday. Russia is the world’s largest wheat exporter, supplying it mainly to Africa and the Middle East. It competes with the European Union and […] Read more

The Andersons Grain Group’s Toledo-area elevator at Maumee, Ohio. (AndersonsGrain.com)

Crops, Machinery, Reuters

The Andersons to pay debt, invest in core units after rail business sale

Renewable fuels, specialty foods investments considered

By GFM Network News August 18, 2021

Chicago | Reuters — U.S. grain handler The Andersons plans to use US$550 million from the sale of its rail leasing business to pay down debt and invest in sustainable farming and low carbon initiatives in its core grain and fertilizer units, CEO Pat Bowe told Reuters on Tuesday. Maumee, Ohio-based Andersons sold its rail […] Read more

Parrish and Heimbecker’s existing grain elevator at Yorkton, Sask. (ParrishandHeimbecker.com)

Crops

P+H to replace eastern Saskatchewan elevator

New facility, loop track to be on line in mid-2022

By Dave Bedard, GFM Network News July 3, 2021

Agrifood company Parrish and Heimbecker (P+H) plans to build a new and leaner grain elevator at Yorkton, Sask. to replace its 41-year-old facility there. The privately-held Winnipeg grain firm said Wednesday it has already started work on the new build, which it expects to have ready to receive grain in June next year. The existing […] Read more

Corn, Crops, Markets, Spring Wheat

IGC expects larger world grain crop but tighter stocks

By GFM Network News May 28, 2021

MarketsFarm — World grain production is forecast to hit a new record in 2021-22, but increasing demand should still cause ending stocks to tighten to their lowest level in seven years, according to updated projections from the International Grains Council. Total grain production — which includes wheat, corn and other coarse grains — is forecast […] Read more

File photo of the Hernando de Soto Bridge as viewed from the Mud Island River Park at Memphis. (Akrassel/iStock/Getty Images)

Crops, Markets, Reuters

Barge backlog starts moving as Mississippi River reopens

Over 1,000 barges waiting to pass

By Tom Polansek, GFM Network News May 14, 2021

Chicago | Reuters — The Mississippi River reopened to vessel traffic near Memphis on Friday, the U.S. Coast Guard said, ending a shutdown of part of the waterway that caused a backlog of more than 1,000 barges carrying oil, corn and other goods. The Coast Guard said the river is open to all vessel traffic […] Read more

Crops, Reuters

U.S. barge backup worsens as Mississippi River shut near Memphis

By Tom Polansek, GFM Network News May 14, 2021

Chicago | Reuters — A traffic jam on the lower Mississippi River swelled to 771 barges on Thursday as a fractured bridge near Memphis closed the waterway that is crucial for U.S. crop exports. The shutdown fueled concerns about shipping U.S. grain and soy to export markets at a time when global inventories are slim […] Read more

Loading grain on a vessel at a Burrard Inlet terminal. (Maxvis/iStock/Getty Images)

Crops, Markets

Ocean freight rates at decade highs

By Phil Franz-Warkentin, GFM Network News May 7, 2021

MarketsFarm — Ocean freight rates have climbed steadily higher over the past year, recovering from the lows hit at the start of the pandemic in early 2020 to see their highest levels in over a decade. The Baltic Dry Index (BDI), a major indicator of shipping rates, hit a high of 3,266 points on Wednesday. […] Read more

Ag in Motion innovation awards showcase top 2025 ag technology

U.S. pulse group commits to doubling production in five years

Klassen: Western Canadian calf markets surge on New World screwworm fears

GFM Network News