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File photo of a CN locomotive in Winnipeg. (Dave Bedard photo)
Crops, Weather

CN again reopens Kamloops-Vancouver corridor

'Quite a bit' of traffic shifted to Prince Rupert

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MarketsFarm — After recent heavy rains forced Canadian National Railway to close its Kamloops-to-Vancouver corridor for a second time, the railway reopened its critical line to Canada’s busiest port on Sunday. CN spokesperson Jonathan Abecassis said the corridor was initially closed a second time during the most recent spell of heavy rains in southwestern British
Parts of the Trans Canada Highway at Abbotsford, B.C. remain submerged in flood waters on Nov. 19, 2021. (Photo: Reuters/Jennifer Gauthier)
Weather

Repair work on B.C. rail lines expected for days yet

CP expects to resume service 'mid-week;' some highways open only for essential travel

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Canada’s big two railways expect repair work to continue into at least next week before service can resume through storm-battered areas of British Columbia to export terminals at Vancouver. Both railways, along with several major B.C. highways, have been shut this week due to damage from flooding and landslides spurred by a major multi-day storm
(Dave Bedard photo)
Crops

Cargill close to resolving slow grain payments to farmers

Producers delivering now can expect their money right away, but the firm is still working on some payments for previously delivered grain

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Cargill is closer to fixing problems with paying farmers promptly for their delivered grain. “They [Cargill] have worked through most of the issues,” Canadian Grain Commission spokesman Remi Gosselin said in an interview Tuesday. “Our understanding at the grain commission is that there should be no issues on a go-forward basis for future deliveries and
(Photo courtesy Port of Los Angeles)
Crops, Markets, Other

‘Containergeddon’: Supply crisis drives Walmart, rivals to hire own ships

Bulk grain ships pressed into container service

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Los Angeles | Reuters — The Flying Buttress once glided across the oceans carrying vital commodities such as grain to all corners of the world. Now it bears a different treasure: Paw Patrol Movie Towers, Batmobile Transformers and Baby Alive Lulu Achoo dolls. The dry bulk cargo ship has been drafted into the service of
File photo of a G3 primary elevator. (G3.ca)
Crops

G3 planning two more Prairie elevators

Northeastern Saskatchewan, Peace sites in works

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Grain handler G3 has added a pair of new grain elevators — one in Alberta’s Peace region, the other in northeastern Saskatchewan — to its drawing board. The Winnipeg-based company announced Monday it will build new facilities at Rycroft, Alta. and Melfort, Sask., with construction starting later this year on both toward completion in early
File photo of the Port of Montreal. (Guy Banville/iStock/Getty Images)
Crops, Markets, Other

Baltic Dry Index hits 12-year high

Canadian grain exports slow either way

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MarketsFarm — Strong demand to move cargo coupled with weather-related shipping constraints in a number of key corridors has helped take ocean freight rates to their highest levels in more than a decade. The Baltic Dry Index (BDI), a major indicator of shipping rates, settled Friday at 4,275 points, marking its highest level since November
(CPR.ca)
Crops

CP, Kansas City lock in new deal as CN steps out

More efficient flow of grain, perishables, machinery parts touted

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Canadian Pacific Railway and U.S. railway Kansas City Southern on Wednesday again formalized their engagement after competing suitor Canadian National Railway walked away from the table. CP and KCS, which reported “unanimous” support from both companies’ boards, have entered a merger agreement committing CP to pay about $31 billion in cash and stock, or about
An employee loads wheat near a grain store in the settlement of Raduga in Stavropol Region, Russia June 30, 2021.
News

Putin’s drive to tame food prices threatens grain sector

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The move to address domestic concerns could make a key competitor less competitive

During a televised session with ordinary Russians in late June, a woman pressed President Vladimir Putin on high food prices. Valentina Sleptsova challenged the president on why bananas from Ecuador are now cheaper in Russia than domestically produced carrots and asked how her mother can survive on a “subsistence wage” with the cost of staples
(Viorika/E+/Getty Images)
Crops, Markets, Weather

Thunder Bay reports rare inbound grain shipment

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MarketsFarm — Grain movement at the Port of Thunder Bay included a rare inbound cargo of feed wheat, according to the port’s latest monthly report. A 12,000-tonne shipment of feed wheat was delivered to Richardson’s Current River elevator from the company’s facility in Hamilton, Ont. The wheat was said to be destined for Manitoba feedlots,

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