GFM Network News

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

Public comment sought for Hardisty oil terminal expansion

Comments on the project must be received by Nov. 30

The public is being asked to comment on the proposed Hardisty Rail Terminal Project. USD Terminals Canada is proposing to construct and operate nine new rail tracks and loading infrastructure at its existing rail terminal, located 10 kilometres southeast of Hardisty in eastern Alberta. The proposed project would allow the existing facility, which currently loads […] Read more

Crop prices tied to petroleum and that’s not good for farmers

British economist says the biofuel boom led to a massive 
increase in production of grains and oilseeds, which firmly 
linked agriculture to energy markets

Producers in the FarmTech conference room looked crestfallen after David Jackson told them the global oilseed market is tied to petroleum — and that oil prices will remain low for a long time. “A lot of it is out of your control,” said the British economist and director of oilseeds at LMC International, a global […] Read more