Farms.com Home   News

Ag Minister Stewart concerned about lack of Saskatchewan grain movement

 
The lack of grain shipments coming out of Saskatchewan is concerning the provinces’ Minister of Agriculture.
 
Latest numbers show a sharp drop off in supplied hopper car orders, especially from CN, who dropped from 34% down to 29%.
 
Lyle Stewart held a meeting via teleconference with both CP Rail and CN to talk about this issue, before addressing reporters late Friday afternoon.
 
He said with CN only meeting their orders five out of the last 23 weeks and CP meeting it 10 out of the last 23, it’s not just the weather affecting the shipments.
 
“We forcefully made that point with both railways that it’s cold in western Canada in the winter, and that’s not new,” stated Stewart. “However, the stats nowadays, the trains are longer and nowadays, they shorten trains in Alberta before they cross the mountains when the temperature is below minus 20.”
 
Stewart said the winter plays a role, it can’t be the sole impediment to grain shipments, something he said the companies acknowledged.
 
However, when it comes down to it, Stewart said it’s simple: Saskatchewan has many trade partners counting on their shipments to arrive in good condition and on time.
 
Source : CKRM

Trending Video

Funds are Long the Grain & Oilseed Complex for the 1st Time Since Feb of 2025! BULLISH PRICES!

Video: Funds are Long the Grain & Oilseed Complex for the 1st Time Since Feb of 2025! BULLISH PRICES!


The funds (managed money) crowd/spec are now net long the grain complex! The AI King Nvidia reported 4th quarter earnings that surpassed Wallstreet estimates but the stock falls? Trump retaliates against U.S. supreme court decision to impose an additional 15% global tariff. FDN (First Day Notice) and month end fund selling in March futures were absent in 2026. Crude oil futures adding more geo-politics, weather turns more active for March, plus South America weather and the latest CFTC report.