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Bill C-48, a bill to modernize the Canada Grain Commission, proposes some changes to the Canada Grain Act that will help level the playing field for U.S. farmers delivering to Canadian grain elevators
U.S. exports of corn-based products have experienced rapid growth in the past decade, reaching a value of $7.6 billion in fiscal year 2014, up 16 percent from the previous year.
Weekly minimum grain volumes required to be moved by Canadian railroads, which were set to expire on November 29, 2014, will be extended until March 28, 2015.
The Canadian renewable fuels industry is coming close to reaching its medium term domestic production capacity.
A new Order in Council set minimum weekly grain shipments for Canada’s two rail companies from August 3 through November 29, 2014, at 536,250 MT.
Statistics Canada puts the 2014/2015 wheat, barley, corn, and oat crop at 48.7 million metric tons (MMT), 26 percent below the previous year’s crop of 65.9 million metric tons.
Wheat, barley, corn and oat production in 2014/2015 is forecast at 49.7 million metric tons (MMT), 20 percent lower than MY 2013/14, but exports are forecast to remain strong.
Canada's total 2013/14 production of wheat, barley, oats and corn is forecast to be 54 million metric tons, an increase of six percent over the previous year.
Canadian biofuel production remains below what Post estimates is needed to meet federal standards. Limited production makes it unlikely Canada will become a major player in the global ethanol market.