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

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

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

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 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