Prairie Grain Monitor Provides Update

Canada's Prairie grain monitor says that as of the end of December, there was roughly 22 million metric tonnes of grain moved out of the country.

Quorum Corporation President Mark Hemmes says that's on an 80.5 million metric tonne supply, which is the second largest grain supply ever.

"The reason that we're seeing more is partly because of the production numbers continually growing and that's largely because improved yield, improved agronomics," explained Hemmes. "I think farmers are investing more in seed and other imputs."

Hemmes says the railways were performing well up until the end of December, however performance has declined since then.