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OmniTrax To Cease Shipping Grain At Port Of Churchill

Manitoba farmers may have difficulties with grain transportation again this year, after it was revealed this week that grain will no longer be shipped out of the Port of Churchill.
 
Reports state that Denver-based OmniTrax, which operates the port, has laid off as many as 40 employees, with more pink slips possibly on the way in the coming days.
 
Elden Boon is the president of the Hudson Bay Route Association, an advocacy group that promotes continued shipments through the Port of Churchill.
 
He says he was "blindsighted" by the news.
 
"OmniTrax had given no indication that this kind of thing was going to take place," explained Boon. "We had met with them in early July. We had concerns with the low tonnage last year and we just wanted to make sure that wasn't a repeat this year and they assured us that the shipments were going to take place. There was actually some new customers that had been in contact with them pertaining to shipments through the port.
 
Source : Portageonline

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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.