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Minister MacAulay Announces Renewal of the Crop Logistics Working Group

Earlier today, the Honourable Marc Garneau, Minister of Transport, introduced legislation which includes measures to advance a long-term agenda for a more transparent, fair and efficient freight rail system. The bill addresses a number of priorities for the Western Canadian grain industry including reciprocal penalties, a definition of “adequate and suitable” rail service, maintaining and modernizing the Maximum Revenue Entitlement and a new Long-Haul Interswitching provision.

Building on these measures and in response to a request by the industry, the Honourable Lawrence MacAulay, Minister of Agriculture and Agri-Food, today announced the establishment of a fourth mandate for the Crop Logistics Working group, a forum of industry representatives who will exchange views and identify supply chain challenges and opportunities, including throughout the implementation of the Transportation 2030 freight rail initiatives. Agriculture and Agri-Food Canada will provide a government co-chair.

Minister MacAulay also announced that the Grain Monitoring Program will continue for an additional three years. The Grain Monitoring Program allows for independent monitoring and reporting on the performance of the Western grain handling and transportation system. Details on the program will be available soon.

Source: AAFC


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Increased Geo Political Tensions = SELL AMERICA TRADE + Argentina Dry

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Higher geo-politics from Trump wanting to annex Greenlland to conflict with Iran has caused investors to sell everything America. With Matto Grosso Brazil 7% harvested weather has turned wet as harvest progresses but Argentina has turned dry! Both soybean and wheat futures have traded back above the pre-USDA January crop report close a positive technical chart signal. A monster weekly U.S. export report is price supportive but a kick the can down the road on E15 is very disappointing.