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: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
