CNS Canada — The lineup of grain vessels waiting for loading at Vancouver increased to 21 for Week 8 of the grain shipping season. Reports by Quorum Corp., which monitors Prairie grain handling, stated vessels at Vancouver were up 31 per cent from the previous week (17). The increase in ships raised sentiments that grain […] Read more
Grain vessel lineup rising at Vancouver
Keep ‘unpleasant surprises’ out of your grain bins this fall
Don’t neglect the basics when storing grain or oilseeds, says provincial crop specialist
Reading Time: 2 minutes A little preparation prior to harvesting can ensure worry-free winter crop storage, says a provincial crop specialist. “Warm or wet conditions at harvest and multi-staged crops are potential ingredients for storage problems,” said Harry Brook. “Take the time to monitor the stored grain’s condition and cool those bins down. Don’t get an unpleasant surprise when […] Read more
Russian ag minister sees no need for wheat export duty, for now
Moscow | Reuters — Russia’s agriculture minister sees no reason for now to introduce an export duty on wheat and is not considering one, he was quoted as saying by RIA news agency on Tuesday. A meeting at the agriculture ministry on Friday fuelled speculation among traders that Russia could consider grain export curbs once […] Read more
Federal rail freight legislation clears Senate
Canada’s Senate has passed federal legislation that grain grower groups have hoped will help improve rail freight service for the sector this year. Bill C-49, the Transportation Modernization Act, passed third reading in the Senate on Tuesday following a 41-31 vote to approve a message that the Senate “does not insist on its amendments” to […] Read more
Grain handle drops in CN’s first quarter
Reduced traffic in grain, fertilizers and petroleum, against increased costs from “challenging operating conditions,” ate into the first-quarter bottom line for Canadian National Railway (CN). Montreal-based CN on Monday booked net income of $741 million on total revenues of $3.194 billion for its quarter ending March 31, down from $884 million on $3.206 billion in […] Read more
Grain handle down, costs up in CP’s Q1
Increased traffic in potash and intermodal containers offset an eight per cent drop in grain carloads in Canadian Pacific Railway’s first quarter, against higher costs and “challenging” conditions. Calgary-based CP on Wednesday booked net income of $348 million on gross revenues of $1.662 billion for the quarter ending March 31, down from $431 million on […] Read more
Canadian railways in catch-22 over crude shipment
Reuters — Canadian railway operators see a lucrative opportunity to transport more crude oil to the U.S. as a rise in output forces producers to find new routes to its southern neighbour. However, their need for long-term contracts and the pressure to move a surplus of grains in the country is making it hard to […] Read more
Feed weekly outlook: Demand shifting at Alberta feedlots
CNS Canada — Demand has shifted at Alberta feedlots this year with more forward contracting and less business taking place in the spot market, according to an analyst. “In a lot of years we’ve seen the demand has stayed in the spot market but this year there were more forward purchases that were done by […] Read more
CN’s Q4 grain handle down in ‘challenging conditions’
U.S. income tax reform more than offset “challenging” conditions, including reduced grain handle, in Canadian National Railway’s fourth fiscal quarter. Montreal-based CN on Tuesday reported net income of $2.611 billion on total revenues of $3.285 billion for its fourth quarter ending Dec. 31, up from $1.018 billion on $3.217 billion in the year-earlier Q4. The […] Read more
Grain handle down in CP’s ‘best-ever’ fourth quarter
U.S. income tax reform and significant increases in non-grain traffic more than offset a dip in Canadian Pacific Railway’s grain handle in its fourth quarter of 2017. Calgary-based CP on Thursday reported net income of $984 million on $1.713 billion in gross revenues in what it described as its “best-ever” fourth quarter, up from $384 […] Read more
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