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Agriculture Roundup for Monday October 17, 2022

It’s a step towards addressing capacity constraints and infrastructure pressures at the Port of Montreal.

The federal government will provide nearly $8 million for DG CanEst Transit Inc. to update existing infrastructure and purchase new equipment for its facilities located in the port.

The project, worth a total of $18 million, will increase the number of containers stored onsite, improve the quality of the grain-cleaning service, assist with traffic flow in the yard, and increase capacity for loading and handling containers.

This will ensure Canadian goods, like grain and other agriproducts, can continue to be shipped reliably for import and export.

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With harvest just around the corner, the focus is quickly shifting from what's in the field to what that crop may be worth. Corn prices found some strength this week, while the cattle market continues to trade at historically strong levels.