CORRECTION – January 10, 2022 – 0900 CST – the formula for calculating the penalty CN must pay to the WGRF was corrected. WINNIPEG (MarketsFarm) — The Canadian Transportation Agency recently ruled that Canadian National Railway exceeded its maximum grain revenue entitlement for the 2020-21 crop year. Canadian Pacific Railway revenue, meanwhile, was under its […] Read more
Stories by MarketsFarm
Precipitation eases drought worry
Varied precipitation is maintaining or alleviating drought conditions in some areas of the Prairies, according to the latest drought map from Agriculture Canada’s Canadian Drought Monitor. The assessment for the period ended Nov. 30 showed few areas of worsening drought on the Prairies with conditions either staying the same or improving in one drought classification […] Read more
Grain shipments uncertain amid B.C. floods
It is too early to determine the effect of massive floods in British Columbia’s Lower Mainland on grain movement, according to the company monitoring Canada’s grain handling and transportation system. As much as 200 millimetres of rain earlier this week have triggered mudslides and cut access to rail lines and highways east of Vancouver. The […] Read more
Mustard supply crunch fuels much hotter prices
WINNIPEG (MarketsFarm) — A sharp decline in mustard production from the world’s leading producer Canada has caused a major impact on supply and prices. Despite an increase in seeded acres, Canada’s mustard production dropped 28 percent to 71,000 tonnes for the 2021-22 marketing year, according to Statistics Canada’s September crop report. Of the 118,000 tonnes […] Read more
Churchill port to close for two years
The sight of grain vessels being loaded at the Port of Churchill in northern Manitoba won’t happen for two years, according to Sheldon Affleck, chief executive officer of the Arctic Gateway Group. AGG consists of 29 Indigenous and a dozen non-Indigenous communities that own and operate the rail line from The Pas to Churchill and […] Read more
Flax crop takes hit
WINNIPEG (MarketsFarm) — Prices for flax have skyrocketed this year as production falls and demand increases, says Dale McManus of Johnston’s Seeds in Welwyn, Sask. He said Johnston’s was paying $38 per bushel for golden flax picked up off of the farm and brown flax was fetching $36 to $37 per bushel. Growers in Saskatchewan […] Read more
U.S. corn to supplement tight Canadian feed supplies
The looming corn harvest in the United States should keep a lid on rising feedgrain prices in Western Canada, with more corn expected to make its way into Canadian feedlots this winter. “U.S. corn should start landing in Lethbridge sometime in October or early November,” said Jim Beusekom of MarketPlace Commodities in Lethbridge. “That will […] Read more
Cattle numbers increase; shows sector coping with COVID
Hog inventories were up year over year as stronger exports were more than offset by piglet births and lower slaughter
WINNIPEG (MarketsFarm) — Canadian cattle, hog and sheep inventories were all higher as of July 1, compared with the same date in 2020, according to a news release from Statistics Canada. The federal agency said the Canadian livestock sector continued to cope with challenges brought on by the COVID-19 pandemic. Meat processing facilities faced temporary […] Read more
Canadian railways set grain shipping records in 2020-21
CN and CP moved more grain in past year than at any time in the past, each exceeding 30 million tonnes
It was a record-breaking year for both of Canada’s two major freight railways. In separate news releases to the public on Aug. 3, both Canadian National Railway and Canadian Pacific Railway reported a record amount of grain moved during the 2020-21 crop year. For the first time ever, both railways transported more than 30 million […] Read more
Sask. crop report: Half of winter wheat, fall rye crops harvested
WINNIPEG, August 12 (MarketsFarm) – While a few scattered showers across Saskatchewan delayed some of the harvest, the hot and dry weather has allowed farmers to make more progress than last year. Seven per cent of the province’s crop has been combined and six per cent is ready to straight combine, according to the Province […] Read more
