Reading Time: 2 minutes Lower grain traffic compared to last year’s record crop year hasn’t translated to lower third-quarter grain revenue for Canadian National Railway (CN). Montreal-based CN on Tuesday booked overall net income of $1.007 billion on $3.222 billion in gross revenue for its third quarter (Q3) ending Sept. 30, up from $853 million on $3.118 billion in […] Read more
More grain revenue on less grain in CN’s Q3 ledger
Flax prices pressured
Reading Time: < 1 minute Seasonal harvest pressure has weighed on flaxseed bids in Western Canada over the past month or so, but the weaker Canadian dollar is providing some support. Current spot flaxseed bids are in the $11.00 to $11.50 per bushel area, with top-end prices having lost over a dollar over the past month, according to Prairie Ag […] Read more
Feed: U.S. cattle on feed edge up
Reading Time: < 1 minute CNS Canada –– Following are a few highlights in the Canadian and world feed grains markets on Monday, Oct. 26. • CBOT corn futures were stronger on Monday, with the December contract quoted at US$3.845 per bushel, as a rally in wheat provided spillover support. However, the advancing US harvest and generally improving yield prospects […] Read more
CP books more grain revenue on less grain in Q3
Reading Time: 2 minutes Canadian Pacific Railway (CP) boosted its income from Canadian grain by five per cent in its third quarter ending Sept. 30, on its way to its highest-ever Q3 gross revenue. Across all its business segments, the Calgary-based railway on Tuesday reported net income of $323 million on $1.709 billion in revenue for the quarter, down […] Read more
Grain deliveries hit record high in September
Reading Time: < 1 minute CNS Canada — September was a very busy month for grain handlers in Western Canada, as farmer deliveries into the commercial pipeline hit their highest levels ever. Producers made deliveries of 5.879 million tonnes of the major grains and oilseeds during the month, topping the previous monthly record of 5.819 million tonnes set two years […] Read more
Feed: Corn edges up, world supplies tighten
Reading Time: 2 minutes CNS Canada — Following are a few highlights in the Canadian and world feed grains markets on Tuesday, Oct. 13. • CBOT corn futures were up by three to four cents per bushel on Tuesday, as a rally in the neighbouring soybean market provided support. However, the advancing U.S. harvest and improving yield prospects kept […] Read more
Not much interest in Glencore ag assets at grain firm G3
Reading Time: 2 minutes Winnipeg | Reuters –– Grain handler G3 Canada, a joint venture between a Saudi Arabian firm and Bunge Ltd., doesn’t have much interest in bidding for a stake in rival Glencore’s agricultural business, its chief executive said Tuesday. Swiss-based Glencore, the trader and miner whose shares have been battered by the commodities slump, is looking […] Read more
Manitoba hail, reseed damage claims above average
Reading Time: 2 minutes CNS Canada –– Farmers have seen more weather-related hardships this year than normal, made evident by an above-average amount of hail and reseed damage claims. Summer hail and frost at the end of June and the beginning of July took a toll on crops, leading to insurance claims above the five-year average. Manitoba Agricultural Service […] Read more
W. Prairies to see drier weather, but drydown will be tough
Reading Time: < 1 minute CNS Canada — Parts of the western Prairies that have been bogged down by wet, cool weather should see drier conditions as the month rolls along, according to a weather expert. However, that still doesn’t mean wet crops are going to dry out anytime soon, according to Drew Lerner of World Weather Inc. in Kansas […] Read more
Former UGG, CWB chief Lorne Hehn, 79
Reading Time: 2 minutes Lorne Hehn, at his funeral last week, was remembered as the Saskatchewan farmer-turned-businessman who led the Canadian Wheat Board toward its next-to-last incarnation as a farmer-controlled marketing agency. Hehn, who died Sept. 16 at age 79, had farmed at Markinch, about 65 km north of Regina, and was involved in several farm organizations, becoming a […] Read more
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