28-03-2014 02:24 AM | Canada

Canadian farmers load US-bound grain trucks to beat backlog

Truckloads of Canadian canola and wheat are flowing briskly into U.S. crushing plants and elevators, as Canada's farmers seek to get round an unprecedented backlog of crops destined for ports.

A record-smashing Canadian harvest and brutal winter have overwhelmed Canadian National Railway Co and Canadian Pacific Limited, the key links in moving western crops to ports on the Pacific Ocean, the Great Lakes and St. Lawrence Seaway.

As much as C$20 billion ($18 billion) worth of grain and oilseeds is piled up in country elevators and farm bins waiting for rail cars, limiting sales opportunities in Canada and pinching farmers' cash flow.
Full Story : Reuters