grain Archives - Page 11 of 20

Cost index up for CN, down for CP in grain revenue formula

CP expects lower labour costs, CN higher

By Dave Bedard, GFM Network News April 30, 2021

Expected labour costs were the major difference in a new ruling on the index that determines how much revenue each of Canada’s big two railways get to keep in the coming crop year from hauling Prairie grain. The Canadian Transportation Agency (CTA) on Thursday announced its decisions on the volume-related composite price index (VRCPI) for […] Read more

A live Google map from the evening of March 30, 2021 showing vessels currently at Thunder Bay. (Portofthunderbay.com)

Crops, Weather

Port of Thunder Bay opens for season

By MarketsFarm Team, GFM Network News March 31, 2021

MarketsFarm — The 2021 navigation season is officially underway at the Port of Thunder Bay, as the tugboat Sharon M1 and barge Huron Spirit arrived late Friday. The tug-barge combo discharged a calcium chloride brine solution, used as a stabilizer and dust suppressant. The same combo also opened the season 2020, one year ago to […] Read more

Crops, Machinery, Reuters

Canadian Pacific to buy Kansas City Southern in bet on trade

Biggest North American rail deal ever valued at US$25 billion

By GFM Network News March 22, 2021

Reuters — Canadian Pacific Railway (CP) agreed on Sunday to acquire Kansas City Southern in a US$25 billion cash-and-stock deal to create the first railway spanning the United States, Mexico and Canada, standing to benefit from a pickup in trade. It would be the largest ever combination of North American railways by transaction value. It […] Read more

Grain storage at a Russian seaport. (Pridannikov/iStock/Getty Images)

Crops, Markets

Baltic Dry Index tops 2,000 points

By Phil Franz-Warkentin, GFM Network News March 17, 2021

MarketsFarm — Ocean freight rates have moved steadily higher over the past month, nearing some of their highest levels of the past year. The Baltic Dry Index (BDI), a major indicator of shipping rates, has moved higher most of the past month, settling above 2,000 points for the first time in five months on Tuesday, […] Read more

Grain being loaded on a ship at the Hudson Bay port of Churchill in 2015. (MarketsFarm photo by Jade Markus)

Crops

Port of Churchill moves to 100 per cent local ownership

Corporate partners step out of owner group

By MarketsFarm Team, GFM Network News March 12, 2021

MarketsFarm — The Port of Churchill is undergoing an ownership transition that will see its OneNorth community and Indigenous partners assume 100 per cent ownership of the Hudson Bay port and the rail line connecting it to northwestern Manitoba. The Churchill Marine Tank Farm and associated assets are also part of the deal, according to […] Read more

WGEA executive director Wade Sobkowich. (Manitoba Co-operator photo by Allan Dawson)

Crops, Markets, Weather

Railways to blame for terminal shortages, WGEA says

Grain handlers take issue with MarketsFarm report

By GFM Network News March 9, 2021

MarketsFarm — The association representing the Prairies’ main grain handling companies says recent delays in loading vessels have less to do with the availability of grain and more to do with the railways hauling it to port. The Western Grain Elevator Association (WGEA), which represents major handlers such as Viterra, Richardson, Cargill and others, raised […] Read more

File photo of Highway 363 near Moose Jaw, Sask. (Mysticenergy/iStock/Getty Images)

General, Machinery, Weather

Spring road bans coming into effect across Prairies

By Phil Franz-Warkentin, GFM Network News March 6, 2021

MarketsFarm — Warming temperatures and melting snow across Western Canada may cause some disruptions to grain and livestock movement over the next few weeks as seasonal spring road restrictions come into effect across the Prairies. The annual spring road restrictions set axle weight limits for vehicles moving on certain roads in an effort to reduce […] Read more

A view from Globeways Canada’s office at Mississauga, Ont., from a 2011 video marking the presentation of the Mississauga Board of Trade’s award for Small Business of the Year. (MBOT video screengrab via YouTube)

Crops, Pulses

Pulse packers’ security covers cash owed to farmers

Sales of Globeways plants in Manitoba, Saskatchewan now approved

By Dave Bedard, GFM Network News March 3, 2021

More than 50 farmers who were owed money for deliveries to Prairie pulse and special crop processors Canpulse Foods and Global Grain Canada are expected to get what they’re owed, as both companies’ assets move to new ownership. Canpulse, Global Grain Canada and their parent company Globeways Canada went into receivership last Nov. 19, following […] Read more

File photo of the Prince Rupert Grain Terminal. (Dan_prat/iStock/Getty Images)

Crops, Markets, Weather

Grain shortage, cold snap cause delays at West Coast ports

'...the vessels continue to arrive'

By GFM Network News February 25, 2021

MarketsFarm — Grain movement in Western Canada remains faced with significant difficulties, according to Mark Hemmes, president of Quorum Corp., which monitors rail traffic and vessel movements in Canada. February’s cold snap resulted in grain movement across the region falling below its three-year average. The most pressing issue has been a shortage of grain to […] Read more

File photo of hogs on a Chinese farm. (Songqiuju/iStock/Getty Images)

Barley, Crops, Markets

Feed weekly outlook: Grain exports, prices rise

By GFM Network News February 4, 2021

MarketsFarm — As more Canadian feed grains make their way overseas, especially into China, domestic buyers may need to pay more secure supplies from emptying bins over the next few months. “Anything extra we’re able to export is getting exported at this point,” Brandon Motz, owner and sales manager of CorNine Commodities at Lacombe, Alta., […] Read more

Field-by-field mapping could improve yield, productivity predictions

U.S. grains: Corn futures edge up, soybeans sag on improving US crop ratings

U.S. livestock: Cattle futures up, hogs mixed

GFM Network News