They say it's not as bad as 2013....

[bucket]

But there are 3.+ mmt of floating space out at the west coast.

That isn't the port ....that's the vessel space.

I talked to a 30000 thousand tonne elevator ....they are plugged.

How do you plug a 30000 tonne facility when you can load 10000 tonne in 24 hours? ....oh yeah the train hasn't shown up....for a week.

[Guest]

same at our local pioneer. and they took in a bunch of tough canola trying to help farmers . this whole railroad thing is a joke . anyone that works there should be ashamed of themselves. if they can't keep up on a year like this they need to be changed out

[bucket]

But the longer the graincos can push the schedule out ...the better for the graincos.

Force guys to book later dates....not good.

[SASKFARMER3]

so far so good but we just signed a nice size contract for dec movement on Canola and Wheat. How much you want to bet ill still be delivering in Feb!

[sumdumguy]

Fidel Castro would have fixed this problem. We need joint running rights - competition will turn this train around.

[bucket]

But sf3

What's the sense in booking December and hauling in February. ...are they paying you storage or giving you a higher price if it goes up?


That just means guys that are booked in Feb will be hauling later as well.



It's inexcusable.

[Guest]

Fidel Castro would have fixed this problem. We need joint running rights - competition will turn this train around.

maybe his "son" will , lol

[stonepicker]

But the longer the graincos can push the schedule out ...the better for the graincos.

Force guys to book later dates....not good.

The grain co's don't make money by sitting on grain they've bought and sold, they make it on turnover. How is it better for them to have their terminals sitting full again?

[bucket]

Caseih


That's just funny. ...not to be like trump but someone should call for a birther dna test on Trudeau. ... maybe oleary should start the ball rolling.

[bucket]

Stonepicker

They don't have to pay more by pushing delivery later.

Durum is 12 bucks at West coast...the graincos are making good margins on every bushel.

[farmaholic]

We just "priced" all our wheat for Dec delivery. Where we sold to, they seem to be getting the trains... I think there are two to go before the wheat can get delivered. I think service is sometimes location specific and company specific. If the company doesn't allocate the cars to certain facilities.....

As much as I hate to defend the Line Cos.... sometimes it is the RRs that are holding up movement.

If it's any consolation.... the floating capacity on the West Coast may not be costing too much.

What is the BDI, in a slower world economy rates can't be too bad. Maybe demurrage isn't being charged because too many companies are looking for loads.... I have no idea, just thinking, which is dangerous.

[bucket]

True farmaholic ...the demurrage cost is small but why not work to make a better system when it's not costing as much....

[bucket]

And now some are cutting back driveway hours.....

Potash loads 24/7 when running.

And I doubt they have vessels waiting like grain.

[mcfarms]

Farm

from wikipedia FYI and also the BDI has been a very good bellwether of world economic strength and activity though one has to be aware of some of the factors within such as new tonnage being added or deleted etc.



The Baltic Dry Index (BDI) is an economic indicator issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the index provides "an assessment" of the price of moving the major raw materials by sea.[1] Taking in 23 shipping routes measured on a timecharter basis, the index covers Handysize, Supramax, Panamax, and Capesize dry bulk carriers carrying a range of commodities including coal, iron ore and grain."[2]

[farmaholic]

So what is the BDI now and is it truly an "indicator" of what it costs to move grain?


Is it only a barometer of a much larger picture?