GFM Network News

More News →

Tag Archives grain

(Dave Bedard photo)
Crops, Machinery & Shop

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

CP expects lower labour costs, CN higher

By ,
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 — 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
(File photo by Dave Bedard)
Crops, Machinery & Shop, Reuters

Canadian Pacific to buy Kansas City Southern in bet on trade

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

By , , ,
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 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 — 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 ,
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 & Shop, Weather

Spring road bans coming into effect across Prairies

By ,
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 ,
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 ,
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

Special Podcast

AgCanadaTV

AGCanadaTV: In Case You Missed It – Your National Ag News Recap for the week ending April 30, 2021.

Sponsored By:
More Videos →

Daily Newsletter

You'll receive current daily news every morning free, as well as market updates and special features.