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CANADIAN GOVERNMENT REQUIRES RAILROADS TO HAUL GRAIN
BrownfieldAgNews reports:

The backlog of Canadian grain shipments should be coming to an end fairly soon.

According to Dow Jones Newswires, Canada's government will require Canadian Pacific Railway Ltd. and Canadian National Railway Co. to ship at least a half million tons of grain every week or receive a $100,000 fine each day the companies don't comply.

Dow Jones adds the railways are moving around 2,500 rail cars of grain a week with 500 cars expected to be added weekly until the quota is met. If needed, the order can be renewed every 90 days.

Canadian rail companies had reduced grain transport in favor of crude oil recently, which supported oat, wheat, and corn futures. Weather was also a factor.


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