Progressive Rail magazine, May 2013, said Burlington Northern Santa Fe now moves about seven or eight unit trains per day from the Bakken, or 600,000 barrels of oil. And daily volume is projected to be 700,000 barrels by year’s end and to 1 million barrels (current ethanol production capacity) by some point in 2014. BNSF transferred engines from the upper Midwest to increase movement of oil cars from 9,000 in 2009 to 400,000 in 2013.
The recent announcement that construction for the proposed CHS nitrogen plant near Jamestown, N.D., had been delayed certainly wasn’t what many in the community were hoping for. We hope the process of negotiations and planning continues, the project moves ahead and building begins.
WINNIPEG, Manitoba — Old crop canaryseed prices have perked up a bit in a few locations, although bids generally remain thin and spotty. Demand has been fairly good, with exports on pace to hit our target for the year. Sales into Mexico and the U.S. are on track, while European purchases are well ahead of last year’s pace.
Wheat traded with gains during the Easter shortened week. Declining crop condition ratings and another flare up in the Russia and Ukraine saga helped support wheat. As of 9:30 a.m. April 17, May Minneapolis was up 39 cents, September Minneapolis was 40 cents higher, July Chicago was 37 cents higher and July Kansas City gained 49 cents.
I’d like to thank Sen. Joe Miller, R-Park River, N.D., for his comments on developing our state’s energy and ag industries and dispelling attempts by others to drive a wedge between them. (This is in response to the April 7 letter from Miller.)
Incredible success in these two industries has transformed North Dakota in a very short period, and we should enable their continued growth and success, not pin them against one another.
Our understanding of the issues facing U.S. farmers is not limited to what we have learned during the course of our academic endeavors. Daryll grew up on a farm in Hamilton County, Iowa, and has family members who are still engaged in farming. In addition, he has the opportunity to talk to farmers during the numerous presentations he makes to farm groups each year.
Daryll E. Ray and Harwood D. Schaffer
, April 14, 2014
Orrie Swayze from Watertown, S.D., and I have traveled many miles together as friends and American Coalition for Ethanol founding board members. We have gained a historical perspective on ethanol. I am certainly old enough to have one, and I have always wanted to team with Orrie to share our perspectives with others.
WINNIPEG, Manitoba — There isn’t a lot of news from the pea market. Trade is steady and mostly flat. Exports continue at a pace equivalent to just fewer than 3 million metric tons per year, largely to China, India and the U.S. Although exports are moving well, domestic use is lower and the carryover is building.
Wheat started last week with gains, but slipped into negative territory the second half of the week. Early support came from another week of decreasing crop condition ratings, while late session pressure came from a negative U.S. Department of Agriculture crop production report. For the week ending April 10, May Minneapolis lost 20.25 cents, September Minneapolis dropped 11.5 cents, July Chicago lost 6.5 cents and July Kansas City lost 9.5 cents.
Wheat struggled last week with reports of moisture opportunities for the Southern Plains causing traders to head for the sidelines. The U.S. Department of Agriculture’s acreage report was friendly to wheat, but that was offset by a neutral stocks estimate. For the week ending April 3, May Minneapolis dropped 9.25 cents, September Minneapolis dropped 8.5 cents, July Chicago dropped 17.5 cents and July Kansas City lost 16 cents.
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