MarketsFarm — Hurricane Laura, currently a Category 3 hurricane, is expected to hit the U.S. Gulf Coast late Wednesday or early Thursday but the Chicago Board of Trade is already feeling its effects. “It’s going to bring widespread rain and flooding to the Delta region, where unharvested rice, corn and soybean crops may feel a […] Read more
CBOT weekly outlook: Markets prepare for Laura
Hurricane approaching U.S. Gulf Coast
Kuwait to rebuild Beirut port grain silo after blast
Beirut | Reuters — Kuwait said it will rebuild Lebanon’s only large grain silo that was destroyed by the massive Beirut port explosion, raising fears of food shortages in a country already in financial meltdown. The destruction of the 120,000-tonne capacity structure at the port, the main entry point for food imports, meant buyers must […] Read more
P+H reworks Lake Huron grain terminal for larger boats
Dust control also added at Goderich site
Grain and agrifood firm Parrish and Heimbecker has built out the mooring structures at its Lake Huron grain terminal to allow “all configurations” of boats to load and unload there. The Winnipeg company announced Friday it has completed a new mooring dolphin at its terminal at Goderich, Ont., as well as a new vessel-loading spout […] Read more
Thunder Bay grain exports continue at strong pace
MarketsFarm — Grain shipments through the Port of Thunder Bay continue to run at a strong pace, with season-to-date volumes of 4.2 million tonnes up 26 per cent on the year. A total of 961,419 tonnes of grain were shipped through the port, located on the northern shores of Lake Superior, in July, port officials […] Read more
Missing Beirut silo worker’s family clings to hope
Beirut | Reuters — Before he went missing on Aug. 4, Ghassan Hasrouty, an employee of Beirut’s giant grain silos for 38 years, thought he was working in the safest place in the city. The reinforced concrete walls and underground rooms were his shelter for many days during Lebanon’s 1975-1990 civil war. He used to […] Read more
After blast, Lebanon has less than a month’s grain reserves
Beirut port silos had capacity for 120,000 tonnes; about 15,000 tonnes were stored at time of blast
Beirut/Dubai | Reuters — Lebanon’s main grain silo at Beirut port was destroyed in a blast, leaving the nation with less than a month’s reserves of the grain but enough flour to avoid a crisis, the economy minister said on Wednesday. Raoul Nehme told Reuters a day after Tuesday’s devastating explosion that Lebanon needed reserves […] Read more
Wheat in Beirut’s port granaries not usable
Lebanon will import wheat, economy minister says
Cairo | Reuters — Lebanon’s economy minister, Raoul Nehme, told local media on Tuesday that the wheat in Beirut’s port granaries cannot be used and that the ministry lost track of seven employees in the granaries. The minister also told local media that Lebanon will import wheat and added that the country currently has enough […] Read more
Donation offers up more equipment for grain emergencies
Fire departments first must complete CASA training course
Corteva AgriScience Canada is donating equipment that’s expected to help fire departments across the country save farmers’ lives. The company’s funding will purchase GSI RES-Q-TUBE and Haul-ALL pencil augers for eligible fire departments that have taken part in BeGrainSafe training put on by the Canadian Agricultural Safety Association (CASA). The GSI RES-Q-TUBE is a rescue […] Read more
Feed weekly outlook: Prices to soften as new crop year nears
MarketsFarm — Prices for feed barley and wheat will decline as the new crop year gets closer, according to Erin Harakal, senior trader with Agfinity at Stony Plain, Alta. Harakal said the new crop should start coming off of the fields around the end of August and the beginning of September. “Usually at this time […] Read more
G3’s new Vancouver terminal clears commissioning phase
Formal grand opening ceremony not happening
Prairie grain handler G3’s new West Coast port terminal has passed its commissioning run and is now in “commercial operation,” but don’t wait for a ceremonial grand opening. Winnipeg-based G3 announced Wednesday its new 180,000-tonne capacity terminal at the Port of Vancouver is officially open, but the company has “set aside” plans for a ceremony […] Read more
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