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Tag Archives: grain

WHY THE DIFFERENCE

The U.S. Energy Information Administration says rail service in the northern tier states has been totally consumed with oil shipments, approaching the rate of 16,000 railcars per week. Similar data on grain cars is unavailable.

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RAIL BACKLOGS CONTINUE

 A recent Grain Transportation Report from the Agriculture Department found Canadian Pacific continues to experience challenges in addressing its backlog. According to the report, BNSF Railway has made steady improvements, but CP, “does not have an accurate idea of how large its backlog is, complicating efforts to estimate whether it can clear its backlog within… read more

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PROPANE OUTLOOK

Propane supplies may struggle to keep up with this year’s expected demand for the gas in rural areas as likely record grain production presages a long crop-drying season, Reuters reports. Our friends at GROWMARK Energy are urging farmers to fill up your tanks now.  

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WHEAT STORAGE

CME Group says four grain companies have asked to increase by 12.6 million bushels the amount of wheat allowable in storage for delivery against CME’s benchmark futures contract. The requests come as farmers wrap up the SRW wheat harvest in the Midwest and commercial grain firms brace for a likely record-large corn and soybean harvest.

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CME TRADING HALTS

Despite pleas from grain industry groups, CME Group chairman Terry Duffy says the exchange will not halt grain nor livestock pit trading if the Globex electronic platform is halted due to technical glitches.

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GRAIN SAFETY

A 73-year-old man died Monday after falling into a grain bin at a rural Genoa farm in DeKalb County. He says the man and others were apparently working to unclog a chute in the bin. Remember safety first!

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CANADA EXPANDING

Three Canadian grain handlers said this week that they will expand facilities to handle the country’s crops, after a record-smashing harvest overwhelmed the transportation system.

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