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Crops, Machinery, Markets, Weather

Big Two railways release plans for winter

Snow-clearing equipment among investments at CN, CP

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Canada’s major railways have filed their winter contingency plans, as they are now required by law to do. Since updates to the Canada Transportation Act in 2018, Canada’s major rail companies have been required to publish winter plans and can be forced to pay up if they fail to deliver on certain promises of railcars. […] Read more
Crops

Viterra to replace western Saskatchewan elevator

Grain firm going bigger at Biggar

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Grain firm Viterra’s asset investment plan has moved onto Biggar things. Regina-based Viterra announced Monday it’s starting construction “immediately” on a new “state of the art” elevator about two km northeast of its current elevator at Biggar, Sask., about 90 km west of Saskatoon. The new concrete facility will have storage capacity of 34,000 tonnes […] Read more
Crops

CN, CP set third-quarter records for grain movement

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MarketsFarm — Canada’s big two railways again reported moving record amounts of Canadian grain during the third quarter of 2020. Canadian National Railway (CN) reported Monday it had shipped 7.76 million tonnes of grain by rail, and Canadian Pacific Railway (CP) said Friday it had moved 7.72 million tonnes. For CN that not only marked […] Read more
Crops

Viterra to build new elevator near Winnipeg

New Rosser terminal to have five times the capacity

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Grain handler Viterra is set to replace a relatively small concrete elevator just northwest of Winnipeg with a new higher-throughput terminal. Glencore Agriculture’s Prairie grain arm said Thursday it will build a new high-throughput in the municipality of Rosser, Man., near the northwest corner of Winnipeg’s Perimeter Highway. The new site, connecting to Canadian Pacific […] Read more
Crops

Solid grain exports continue through Thunder Bay

June's handle includes record-large CP grain train

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MarketsFarm — Grain shipments through the Port of Thunder Bay continue to run at a strong pace, with season-to-date volumes of 3.2 million tonnes, up 35 per cent from the five-year average, according to an update from the port. A total of 866,066 tonnes of grain were shipped through the port, located on the northern […] Read more
Crops, Markets

Grain exports flow fast as pandemic lockdowns clear rail capacity

Traffic accelerates on lower coal, crude volumes

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Winnipeg | Reuters — Canadian grain exporters are boosting sales in a slumping global economy, as demand for commodities like oil weakens and frees up railway space. Brisk crop movement in a country that relies heavily on rail is a bright spot during pandemic lockdowns, which have hammered most industries. “We’ve had an almost unlimited […] Read more
Crops, Markets

Grain exports continue strong out of Thunder Bay

COVID-19 leads to increased demand, reduced oil traffic by rail

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MarketsFarm — The Port of Thunder Bay reported another strong grain handling month in May, as more than 1.1 million tonnes of Canadian grain and oilseeds moved through the harbour on the northern shores of Lake Superior during the month. Increased demand from many countries stockpiling grain amidst the global COVID-19 pandemic was cited as […] Read more
Crops

Fuel, labour to pull grain freight cost indices lower

CP's share buybacks also a factor in its VRCPI

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The numbers that decide how much revenue Canada’s big two railways get to keep from Prairie grain handling have been marked downward for the 2020-21 crop year. The Canadian Transportation Agency last week announced it will set the volume-related composite price index (VRCPI) at 1.4202 for Canadian National Railway (CN) and at 1.4205 for Canadian […] Read more
Crops

Grain vessels backing up at West Coast

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MarketsFarm — Vessels waiting to ship grain off Canada’s West Coast are backing up as blockades across the country slow rail traffic, according to reports tracking grain movement. Railway blockades have sprung up at a number of locations across the country over the past two weeks, as protestors express solidarity with Wet’suwet’en hereditary chiefs opposing […] Read more

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