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Railways expect to meet government’s order on grain

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Reading Time: 3 minutes Canada’s big two railways expect to be able to meet the federal government’s new mandatory requirements for Prairie grain movement — but warn it will take further commitments all along the supply chain. Canadian National (CN) and Canadian Pacific (CP) Railway responded Friday to Transport Minister Lisa Raitt’s order-in-council, which immediately sets out minimum volumes […] Read more
Crops, Machinery, Markets, Weather

More grain cars now would be ‘wrong thing,’ CP CEO says

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Reading Time: 3 minutes Canadian Pacific Railway’s CEO has warned readers of Canada’s two national newspapers that adding more rail cars and locomotives now on CP track would serve only to worsen the grain backlog on the Prairies. Writing in full-page CP advertisements in Thursday’s Globe and Mail and National Post, Hunter Harrison said adding more cars to a […] Read more
General, Markets, Reuters, Weather

Australia says drought to cut 2014-15 ag output

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Reading Time: 3 minutes Canberra | Reuters — Drought conditions across Australia’s east coast will cut production of key agricultural commodities such as wheat and beef next season and reduce exports, the government’s chief commodities forecaster said on Tuesday. The current season could see Australia, the world’s third-largest wheat exporter, produce a bumper wheat crop, with increased plantings and […] Read more
Crops, Reuters, Weather

Bumper Australian wheat crop seen, but lack of rain a risk

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Reading Time: 2 minutes Sydney | Reuters — Australia will issue its 2014-15 wheat production forecast next week, but with hot, dry weather across its east coast and the threat of a dry El Nino weather pattern developing, the supply picture from the world’s second largest exporter is uncertain. The Australian Bureau of Agriculture, Resource Economics and Sciences (ABARES) […] Read more
General, Reuters, Weather

Australia commits nearly $300M to help drought-hit farmers

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Reading Time: 2 minutes Sydney | Reuters — The Australian government will provide a A$320 million (C$319 million) assistance package to help farmers ravaged by years of drought across the east coast, Australian Prime Minister Tony Abbott said Wednesday. With pockets of Queensland and New South Wales recording the lowest-ever rainfall levels, farmers in the world’s third-biggest beef exporter […] Read more
Crops, Machinery, Markets, Weather

‘Immediate’ penalties urged for railways on grain delays

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Reading Time: 3 minutes 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 Olson is booked to meet Monday in Winnipeg with his federal counterpart, Gerry Ritz, plus representatives from the grain industry and Canadian Grain Commission. Up […] Read more
Crops, Markets, Reuters, Weather

Cost of Agrium potash expansion jumps on cold, wind

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Reading Time: 2 minutes 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 weather hampered construction. The Calgary-based company plans to complete its project at Vanscoy, about 20 km southwest of Saskatoon, by the end of 2014, boosting […] Read more

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