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: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
