Both of Canada’s major railways say they moved a record amount of grain during the 2020-21 crop year, which wrapped up on July 31. CN Rail says it moved just over 31 million metric tonnes of Canadian grain and grain products in hopper cars, exceeding its previous record of 29.4 million tonnes set in the… Read More
Summer is generally a time when the pulse markets go through a bit of a lull, but it’s always good to know what might happen in the markets come harvest. Chuck Penner of LeftField Commodity Research says that both farmers and buyers are sitting on the sidelines at this time of year, especially with widespread… Read More
Update, as of July 14: Both CN and CP once again halted traffic in the area around Lytton, B.C. on Wednesday due to new fires east of the community. “For the safety of our crews, we are not currently running trains between Kamloops and Lytton, B.C.,” says CN in a network update distributed July 14…. Read More
The USDA projected tighter-than-expected wheat supplies for the 2021-22 crop year in its July World Agricultural Supply/Demand Estimates (WASDE) report released on Monday. Most of the other key figures in the report for the big three crops — corn, soy, and wheat — were in line with expectations, with yield projections left unchanged from June…. Read More
The federal transport minister has issued an order requiring Canada’s two main railways — Canadian National and Canadian Pacific — to implement a set of measures aimed at preventing further wildfires in southern B.C. and other parts of the country where fire risk is high. Minister Omar Alghabra issued the ministerial order on Sunday, following… Read More
Statistics Canada released its updated acreage estimates for 2021 on Tuesday morning, most of which were in line with expectations. Most notably, StatsCan boosted its canola acreage estimate to 22.48 million acres, up from 21.53 million in its April acreage report. Year-over-year, that’s an 8.2 per cent increase in canola acres, largely driven by strong… Read More
The surge in canola processing that’s been announced for Saskatchewan over the last four months is expected to result in a more than 50 per cent increase in Canada’s domestic canola crush capacity, which could have major logistical and trade flow implications for crops grown on the Prairies. A record 10.3 million tonnes of canola… Read More
Richardson Pioneer has formally announced plans to build a new high throughput elevator at Carmichael, Sask, about 65 kilometres west of Swift Current. Construction on the new facility began earlier this month, and is expected to be complete by fall of 2022. The new elevator will include 46,000 metric tonnes of storage capacity, with loop… Read More
This month’s World Agricultural Supply and Demand Estimate (WASDE) didn’t contain any huge shocks, with soybean stocks ticking up but corn stocks down slightly. The global wheat outlook for 2021/22 is for larger supplies, higher consumption, increased trade, and higher stocks. Supplies are projected to increase 4.3 million tons to 1,087.9 million, mainly on higher… Read More
A Tuesday morning run up in the grain markets caught many market watchers by surprise. What’s at play so early in the growing season? Jon Driedger with Leftfield Commodity Research says that, yes, this really does seem to be a weather related rally for the most part, and that’s a bit of a surprise. Coming… Read More
Ag Growth International (AGI) has signed a partnership agreement with grain software technology company Bushel. Bushel provides customers with software solutions, including the automation of weigh scale tickets issued by grain elevators. The Bushel platform can also automate contracts and settlements required to complete grain sales. President and CEO of AGI, Tim Close, says that… Read More
The rapid expansion in canola processing capacity on the Prairies continues, with the confirmation of another crush plant to be built beside the Canada-U.S. border in southeast Saskatchewan. Ceres Global Ag is planning to build a canola processing plant and refinery beside its existing terminal and international rail crossing southeast of Estevan, at Northgate, Sask…. Read More
The wheat market received some bearish fundamental news this week from crop scouts participating in the annual U.S. Wheat Quality Council tour in Kansas. The tour, which was cancelled last year due to COVID-19, is seen as an early season indicator of new crop U.S. wheat supplies and protein quality. The average Kansas hard winter… Read More
The latest World Agricultural Supply and Demand Estimates (WASDE) report was released May 12 by the World Agricultural Outlook Board. Joining host Shaun Haney to break down the WASDE report in this RealAg LIVE! episode is Ted Seifried of Zaner Ag Hedge. Listen and watch to hear about ending stocks, projected acres, trade, hedging, and… Read More
ADM has announced plans to build North Dakota’s first crush plant and refinery completely dedicated to soybeans. The US$350 million facility will be located west of Fargo, at Spiritwood — approximately 290 km (175 miles) from the Canada-U.S. border. It is slated to process 150 thousand bushels of soybeans per day starting in time for… Read More