After rolling through a boom and bust cycle over the past few years, the oat market is searching for stability in both supply and demand heading into the 2024 growing season. Record high prices and seeded acres in 2022 led to a dramatic decline in prices and production in 2023. Acres are expected to increase… Read More
Tag: Paterson Grain
Paterson Grain says it has shipped the largest-ever grain train on the Canadian Pacific Railway (CP Rail) network. According to the company, the train consisted of 167 new high-capacity hopper cars, and carried 16,313 metric tonnes of grain from Paterson’s Foothills Terminal in Bowden, Alta., to the Alliance Grain Terminal in Vancouver. Paterson reports the… Read More
Forty-five farms in Saskatchewan, Manitoba, and North Dakota are headed into their second growing season working with General Mills on the adoption of “regenerative agriculture” practices as they grow oats for the multi-national food company. The three-year Regenerative Oat Pilot project, which involves more than 50 thousand acres, was launched last year as part of… Read More
The oat market once again appears headed for a burdensome supply this fall, as strong prices through much of the winter have led growers to pencil more oats into their seeding plans for 2020. New crop prices have started dropping in recent weeks, but many growers on the eastern side of the Canadian Prairies signed… Read More
Chances are, if you like the look of old crop oat prices your neighbours do, too. And while the human consumption oat market is steady to increasing, Lorne Boundy, with Paterson Grain, cautions against counting on that to keep prices where they are. With old crop prices taking off and sitting around $4/bu in southern… Read More
Paterson Grain has announced the construction of a 55,000 metric tonne grain handling facility on Highway 2 near Bowden, just south of Innisfail, Alberta. “It will be a pleasure earning the trust of producers in Red Deer County and beyond, as we have done for the past 108 years across the Canadian prairies,” said president… Read More
Oat futures in Chicago have fallen steadily since early December, dropping to their lowest level in over five years. “They just happen to be one of the uglier (markets) at the moment, both old crop and new crop. We’ve seen oat futures collapse quite quickly,” says Lorne Boundy, oat trader with Paterson Grain. “They’ve actually been… Read More
Paterson Grain has announced plans to build a unit train loading facility near Daysland, in central Alberta. The 55,000 metric tonne inland terminal will feature a 120-car loop track with a dual receiving area for trucks. “The efficient truck handling capability combined with highly efficient rail car loading will allow Paterson to offer excellent customer… Read More