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Grain Transportation Laws Helping: Quorum Corp

The independent monitor for Canada's grain handling and transportation system is saying the federal legislation designed to help issues with moving 2013's record crop is making a difference.
 
"I think it's going to be debated as to whether or not it was the legislation or whether or not the railways actually reacted to the movement, either way it cut it," said Mark Hemmes, the President of Quorum Corporation, who spoke at CropSphere in Saskatoon last week.
 
"I think the focus that was to it by the government was an impetus that got things moving, and allowed us to move the kind of volumes that we had for the last 10 months," he added. "Either way you look at it, it's positive."
 
Hemmes says today, things are moving smoothly for a majority of shippers, but there are still some small issues left to deal with.
 
"One is for the people who sell who sell grain in smaller blocks of rail cars, there are still some challenges going down into the US, although not like we were seeing seen last year, as well as movements into Eastern Canada of milling products," he added. "But for the better part, I think we are miles ahead of where we were at this time last year."
 
Hemmes adds he doesn't think there was anybody in the industry who thought a crop as large as what was harvested in 2013 would be moved in just one year.
 

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Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?

Video: Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?


Historically, the USDA December crop report is a non-event or another dud report as the USDA reserves any final supply changes to the final report in January of the following year in this case 2026. But after the longest U.S. government shutdown in history at 43 days and no October crop report will they provide more data/surprise and make an exception?
Our China U.S. soybean purchase tracker is now at 26.6% or a total of 3.2 mmt but for traders it’s taking too long to unfold.
The final Stats Canada production report was bearish canola and wheat projection a record crop in both (it adds to the global glut of supplies) and bullish local corn and soybean prices in Ontario/Quebec thanks to a drought. It will not help the fund flow short-term, the USDA may need to offset it?
A U.S. Fed interest rate cut of another 25-basis point next Wednesday (probability 87.1%) could help fund flow and sentiment in stock and ag commodities into year end.
More inflows into Bitcoin this past week saw prices rebound back above 90,000 with support at 82,000 and resistance at 96,000.
A V-shaped bottom in cattle suggest the lows are in after Mexico reported another new world screwworm case. Lower weights, seasonal demand and higher U.S. beef select/choice values with a continued closure of the Mexican border to cattle will result in a resumption of higher cattle futures into yearend.
Australia is expected to produce its 3rd largest wheat crop ever at 36 mmt adding to the global glut of supplies.
Reports of ASF in hogs in Spain the largest pork exporter in Europe could see the U.S. win more pork export business long-term.
If the rains verify into next week of 3-5 inches for Brazil it would go a long way to fixing the dry regions from the last 2-months, but the European weather model has been wrong for the past 2-months!
Natural gas futures are surging to the 3rd price count as frigid hold temps set in.
CDN $ is also surging to end the week on a very resilient economy and better employment numbers suggesting no interest rate cuts next week.
Finally, the CFTC report showed funds were net buyers of soybeans but sellers of corn, canola and wheat. In real time the funds have gone back to selling as they take some profits.