China Fines Global Shippers

[sawfly]

sure is an amazing story.
the communists regulating so that capitalism works as it should.

yet in canada , none of those things ever happen here.
or no one bothers to look. (what do you think)
How can that be?
or is it just in canada , the collusion , involves
our own govt.s

more likely, the corporation's
here are just more powerful than the state .
so as a politician it is not a good idea to piss em off.

proof i bet the RR s shivered in their boots with a 50,000$ fine

[TOM4CWB]

Sawfly,

The RR's are doing a much better job this year... any way we cut it!

"Movement of most grains is well-above the five-year average, with the movement of all grains through licensed terminals 35.3% above the five-year average. Wheat movement is 28.7% above the five-year average while canola movement is 26.3% above the five-year average."

Monday 12/28/15
Favorable Conditions Support Canada's Grain Movement
As of week 20, or the week ending December 20, Canadian Grain Commission statistics show that western farmers have delivered 23.3026 million metric tons of all grains, 1.9 mmt or 8.9% higher than the same period last year. Mild winter conditions, the ability to capture attractive prices such as seen in the pulse markets and perhaps a fear of lower prices in other grains has led to aggressive producer deliveries, with deliveries of all grains 23% above the five-year average.


The blue bars represent cumulative 2015/16 exports from licensed terminals for selected grains, as of week 20, compared to the same period in 2014/15. The red bars represent cumulative 2015/16 exports from licensed terminals, as of week 20, compared to the five-year average for the same period. The same comparisons are made for eastern vs. western ports. (DTN graphic by Scott R Kemper)
Shipments from the Prairies also continue at a rapid pace, given favorable weather conditions and declining competition from competing commodities. Statistics Canada's most recent railway car loadings data shows January-through-October movement of coal is 17.4% below year-ago movement while the number of cars loaded with crude oil was 16.5% below year-ago levels, being just two examples. Total crop year shipments by licensed prairie elevators totaled 18.521 mmt as of week 20, close to 1.2 mmt or 6.7% above the same period last year and 24.9% above the five-year average.

Country stocks as of week 20 were reported at 3.452 mmt, just 43,400 mt above year-ago volumes and roughly 10% above the five-year average.

The attached chart shows 2015/16 licensed terminal exports, as compared to 2014/15 and the five-year average from 2010/11 through 2014/15 for selected crops in the first 20 weeks of the crop year. As indicated by the blue bars, both wheat (excluding durum) and canola volumes are higher than year-ago levels, while the total volume of grain shipped through licensed terminals is 690,200 metric tons or 4.3% above year-ago volumes. Wheat exports are 6.5% above year-ago volumes and canola exports are 12.7% above the volume shipped in the first 20 weeks of the crop year in 2014/15.

Movement of most grains is well-above the five-year average, with the movement of all grains through licensed terminals 35.3% above the five-year average. Wheat movement is 28.7% above the five-year average while canola movement is 26.3% above the five-year average.

Also indicated on the chart, movement through western ports (Vancouver, Prince Rupert, Churchill and Thunder Bay) is up 6.2% from last year, accounting for 75% of the total volume in the first 20 weeks of 2015/16. Year-to-date movement through eastern ports is down 1.1% from year-ago levels. Both are well-above their respective 5-year averages."

[furrowtickler]

Hmmmm , Tom or is it the fact that oil is $40 ish and there is virtually no oil being moved by train ???
Also perfect weather up till now .
There are two sides to every coin ...

[farming101]

I'm going with the weather.

[oneoff]

I'm going with everything winding down and slowing down.

Notice the wholesale changeover of companies that did very well growing to some tens of millions of net worth in 15 years or so. And were smart enough to sell out at or near the peak.

Now those new owners may well have some difficult times.
And those "major" players left in our resource industries just can't keep up with their promised sacred dividends; or profitable balance sheets OR EVEN PAYING THEIR RESOURCE Royalties that governments were depending on.

Now wait until the draining effects of carbon taxes; regulatory requirements (and LLR's and prepayments for liabilities) for future environmental clean ups and liabilities; and costs associated for meeting some buerocrats (and ministers) action plan; and bylaw infractions at $10,000 for individuals and $25,000 for corporations

And yes Virginia; that is per occurence and I'm talking at the local (third level) for the $10.000 to $25,000 figure

[bucket]

I find it interesting that the Chinese can find collusion on international carriers and our governments can't find it domestically in the grain or rail industries.