There are still more than 50 vessels waiting to load from the west coast of Canada. That totals more than 2 MMT of grain and oilseeds.We have written on several occasions recently about the logistical mess in Canada and, to a lesser extent, in the U.S. It hasn't improved, and some will argue it is getting worse. Here are some notes from conversations this week:
There are still more than 50 vessels waiting to load from the west coast of Canada. That totals more than 2 MMT of grain and oilseeds, equating to approximately 22,000 rail cars that must be delivered from the interior. Obviously, commercials vastly oversold Canada's rail capacity, and there just isn't a fix in sight. Some commercial companies in Canada are booking truck freight...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
