G3 announces plans for new elevators in Alberta and Saskatchewan

Dec 17, 2019

WINNIPEG - G3 is pleased to announce plans to build two new grain elevators in Alberta and Saskatchewan.

G3 Vermilion, Alberta will have a capacity of 34,000 tonnes and is located on CN Rail; G3 Swift Current, SK will have a capacity of 42,000 tonnes and is located on CP Rail.

Construction will begin in early 2020, pending final regulatory approvals, with completion in 2021.

Both new elevators will be built with the same high-efficiency features as our other new facilities in Western Canada: a loop track that can quickly load a 150-car unit train, and the ability to unload a Super-B truck in less than five minutes.

"G3 has been steadily growing to serve some of the most productive grain growing regions in Western Canada," says G3 CEO Don Chapman. "We're happy to add Vermilion and Swift Current to our network and give farmers there a fast and efficient option for moving their grain to market."

G3 currently has high-efficiency elevators under construction at Wetaskiwin, Morinville, Carmangay, Irricana and Stettler County, Alberta. G3 Terminal Vancouver, a new grain export terminal, is under construction in North Vancouver, BC and will open in 2020.

Click here to see more...

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!