Canada’s big two railways have pledged to have “thousands” of additional cars taking grain to ports until at least December this year, and would also sign level-of-service pacts with grain […] Read more
1.
Markets/Business
CN, CP would accept ‘reciprocal penalties’ in service agreements: Sask.
Railways step up service as Ottawa eyes tackling grain backlog
Winnipeg | Reuters — Canada’s two big railways are stepping up service to reduce a backlog of grain shipments that have delayed exports and pushed oat prices to record highs, […] Read more
Grainworld: Pulse and special crop area to increase
Winnipeg | CNS Canada — The area seeded to pulse and special crops is expected to increase in Western Canada this spring, according to an outlook presented here Monday at […] Read more
U.S. grains: Soybeans extend run on S. America worries
Chicago | Reuters — U.S. soybeans rose for the third consecutive session on Monday to hit a five-month high as rains stalled the harvest in South America and data from […] Read more
Klassen: Strong demand supports feeder market
Compared to last week, western Canadian feeder cattle prices traded $3-$8 per hundredweight (cwt) higher on average, depending on the region, with stronger buying interest noted in the lighter weight […] Read more
‘Immediate’ penalties urged for railways on grain delays
The Alberta government is calling on federal lawmakers to impose a system of “immediate” cash penalties against railways that don’t meet obligations on grain delivery. The province’s agriculture minister Verlyn […] Read more
U.S. January cattle placements rise more than expected
Chicago | Reuters — The number of cattle placed in U.S. feedlots in January increased nine per cent from a year earlier as record-high prices for cattle encouraged feedlots to […] Read more
U.S. grains: Soybeans hit five-month high on oilseed supply worries
Chicago | Reuters — U.S. soybean futures rallied nearly one per cent to a five-month peak on Friday on concern about yield-cutting weather in South America and firm global oilseed […] Read more
Cost of Agrium potash expansion jumps on cold, wind
Reuters — Canadian fertilizer producer Agrium said Friday the cost of expanding its west-central Saskatchewan potash mine had jumped 25 per cent from the original estimate, after cold and windy […] Read more
U.S. grains: Soybeans rise on USDA acreage view
Chicago | Reuters — U.S. soybean futures firmed on Thursday, erasing losses made in the overnight trading session, on support from a government forecast for acreage expansion that came in […] Read more
Cyber-Savvy Farmer
