GFM Network News


Ceres to buy further into Saskatchewan grain handling

Company taking up Cargill elevator in northeast

Reading Time: 2 minutes Minneapolis grain dealer Ceres Global Ag has made a deal to take its Prairie elevator network a step further northwest. The company announced Thursday it has an agreement in place to buy Cargill’s elevator and “associated assets” at Nicklen Siding, about 30 km north of Tisdale in northeastern Saskatchewan. The elevator, on Canadian National Railway […] Read more

CP, CN break records for grain shipments

Reading Time: < 1 minute MarketsFarm — Both of Canada’s major railways moved record-breaking amounts of grain in June and set records for the most grain moved in a fiscal quarter. Canadian National Railway (CN) reported moving 2.7 million tonnes of grain to ports during the month of June, while Canadian Pacific Railway (CP) moved 2.76 million tonnes. Similarly, CN […] Read more


CN sees eastern network revival on supply chain diversity, ports

Reading Time: 2 minutes Montreal | Reuters — Canadian National Railway, the country’s biggest railroad, is banking on growth in consumer products and supply-chain diversification in Asia, to revive traffic on its underutilized eastern Canadian rail lines, the company’s CEO told Reuters Friday. Coronavirus, which hit China’s industrial production, along with U.S. tariffs on Chinese goods, are further leading […] Read more

Grain exports flow fast as pandemic lockdowns clear rail capacity

Traffic accelerates on lower coal, crude volumes

Reading Time: 2 minutes 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


Grain exports continue strong out of Thunder Bay

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

Reading Time: < 1 minute 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

Fuel, labour to pull grain freight cost indices lower

CP's share buybacks also a factor in its VRCPI

Reading Time: 2 minutes 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


ICE weekly outlook: In canola, volatility is order of the day, for now

Reading Time: < 1 minute MarketsFarm — Expect the canola market, along with other grains and oilseeds, to remain volatile for the time being, said David Derwin of PI Financial in Winnipeg. “A lot of the markets right now are extremely erratic because of the coronavirus. I think it’s being blown out of proportion, but it is what it is,” […] Read more

CN faces grain export backlog of 10,000 carloads, CEO says

Reading Time: 2 minutes Montreal | Reuters — Canadian National Railway (CN) lost capacity equivalent to 10,000 carloads, or one million tonnes of grain exports, in February due to rail blockades by protesters opposed to a pipeline project, CEO Jean-Jacques Ruest said Tuesday. Activists disrupted passenger and freight traffic last month to show solidarity with the Wet’suwet’en people, who […] Read more


CN starts calling back laid-off employees

"Network recovery... will take several weeks"

Reading Time: < 1 minute Montreal | Reuters — Canadian National Railway has started calling back many of the 450 workers it laid off earlier this month in Eastern Canada, when blockades crippled operations on strategic rail lines, according to a company email sent to customers Friday. Earlier this week, police made 10 arrests and cleared a blockade in eastern […] Read more

Protestors put up new rail, road barricades in wake of arrests

Reading Time: 2 minutes Ottawa/Toronto | Reuters — Protesters in Canada have blocked train lines, Vancouver’s port entrance and at least one highway in Quebec Tuesday in response to the arrest of 10 indigenous protesters on Monday as police cleared a three-week rail barricade in southern Ontario. Ontario Provincial Police on Monday arrested some of the Tyendinaga Mohawk campaigners […] Read more