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Saskatchewan Has No Plans To Offer Incentives For Re-opening Churchill

Agriculture minister Lyle Stewart is offering no incentives to re-open the port of Churchill.
 
Omnitrax has shut-down grain exports from the port this year.
 
Some groups have suggested Ottawa provide support to ensure the port remains open for grain movement.
 
Stewart says the Saskatchewan government has no intention of providing subsidies because the port may be a lost cause.
 
Stewart says Omnitrax has received fairly substantial subsidies yet cannot maintain it as a business.
 
He says the rail line is in disrepair and the shut-down may not have a major impact.
 
He points out only two per-cent of Saskatchewan’s crop is shipped through Churchill.
 
But Stewart remains hopeful the port can be re-opened to grain exports.
 
A Northern Manitoba first nation is hoping to take over the port.
 
Source : CKRM

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Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”

Video: Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”


After a week of a U.S./China trade truce, markets/trade is skeptical that we have not seen a signed agreement nor heard much from China or seen any details. There are rumors that China is buying soybean futures & not the physical. Trust in Trump?
12 MMT of U.S. soybean purchases by China by year-end is better than 0 but we all need to give it more time and give it a chance to unfold. China did lower the tariffs on Ag and is buying U.S. wheat and sorghum.
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