Despite a dramatically lower Prairie grain handle in the last crop year, the Western Grains Research Foundation can expect a $5.7 million gift card from Canada’s big two railways by the end of next month. The Canadian Transportation Agency, which sets the maximum revenue entitlements (MREs) each crop year for Prairie grain handled by Canadian […] Read more
Railways over revenue cap in drought year, CTA finds
CN, CP now owe $5.7 million in overages, penalties
Feed weekly outlook: Barley, wheat prices pull back
Truck shortage 'hasn't gotten any better'
MarketsFarm — Prices for feed barley and wheat are coming down on the Prairies, said Susanne Leclerc of Market Master Ltd. in Edmonton — and a big part of that trend is the lack of demand for either commodity. “Buyers are fairly well covered. There seems to be a lack of desire for buyers to […] Read more
U.S. grains: Soybean futures rise
Chicago wheat, corn values fall
Chicago | Reuters — U.S. soybean futures rose on Tuesday, supported by a round of bargain buying after two days of losses as well as signs that export demand remains strong, traders said. Corn and wheat futures weakened on a round of profit taking after hitting 10-day highs early in the session, with light demand […] Read more
Belarus to allow Ukraine grain transit with no preconditions, U.N. says
Belarus still wants sanctions lifted off fertilizer
United Nations | Reuters — Belarus told the United Nations on Friday that it would allow, without preconditions, the transit of grain from Ukraine through its territory for export from Lithuanian ports, a U.N. spokesman said. Belarus, used by its ally Russia as a staging ground for Moscow’s Feb. 24 invasion of Ukraine, said in […] Read more
Biden asks Congress to avert U.S. rail strike
U.S. president warns of dire economic impact
Washington | Reuters — U.S. President Joe Biden on Monday called on Congress to intervene to avert a potential rail strike that could occur as early as Dec. 9, warning of a catastrophic economic impact if railroad service ground to a halt. Biden asked lawmakers to adopt the tentative deal announced in September “without any […] Read more
Feed weekly outlook: Grain prices expected to hold firm
'The farmer doesn't seem super interested in selling'
MarketsFarm — Feed prices on the Prairies are likely to remain steady through to the new year, according to Brandon Motz of CorNine Commodities at Lacombe, Alta. “I think the markets for now are to be flat,” he said, noting there has been talk in the market of 25 trains of U.S. corn that have […] Read more
Prairie grain shipping record a hopeful sign, but will it continue?
Elevator association says CN’s record week is encouraging but winter movement must stay strong
Reading Time: 3 minutes Glacier FarmMedia – CN’s record-setting week for moving Prairie grain is impressive but it’s consistency that matters in grain transport, says the Western Grain Elevators Association. “Even an amateur golfer can hit a hole in one once in a while, but the pros hit a good ball consistently,” said Wade Sobkowich, the association’s executive director. […] Read more
Black Sea grain export deal extended
Deal's terms unchanged; Moscow to still seek removal of obstacles to grain, fertilizer exports
Reuters — A deal aimed at easing global food shortages by helping Ukraine export its agricultural products from Black Sea ports was extended for four months on Thursday, though Russia said its own demands were yet to be fully addressed. The agreement, initially reached in July, created a protected transit corridor and was designed to […] Read more
Feed weekly outlook: More corn, oats in feed rations
'Very weird situation to be seeing again'
MarketsFarm — As prices for feed barley and wheat increase, more feedlots are turning to corn, according to Susanne Leclerc of Market Master Ltd. at Edmonton. “A lot of places are switching to corn. The desirability of feed barley has been coming down,” she said. “So it will be interesting to see which way the […] Read more
Feed weekly outlook: Grain supplies good, freight costs higher
'They don't have as many drivers as normal'
MarketsFarm — There are still sufficient supplies of feed barley and wheat to be had on the Canadian Prairies — but there are issues with getting that feed from point to point, according to Erin Harakal, senior trader at Agfinity at Stony Plain, Alta. “I do think there are enough supplies from what we have […] Read more