By Alice McFarlane

Agriculture Roundup for Wednesday November 4, 2020

Nov 4, 2020 | 9:59 AM

MELFORT, Sask. – Strong growth in global food demand combined with promising harvest and fertilizing plans in the United States and around the world bode well for Nutrien going into 2021.

CEO Chuck Magro said demand for fall fertilizer application in the U.S. is up and crop prices are rising on strong demand and lower production.

The Saskatoon-based company is less optimistic about long-term price prospects for phosphate fertilizers.

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Canada’s two largest railways transported a record monthly total of 6.3 million metric tonnes of Canadian grain in October.

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CN Rail’s shipments were 13.5 per cent above its previous record of 2.88 million tonnes set a year ago.

CN Rail ended the month moving 3.27 million tonnes while Canadian Pacific Railway shipped 3.04 million tonnes.

It was the first time that both railways exceeded the three million tonne threshold in a month.

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Publicly traded Rocky Mountain Dealerships said it has struck a deal with its chairman and CEO through which it will become a private company.

A numbered company controlled by chairman Matthew Campbell and CEO Garrett Ganden has agreed to pay $7 each for the shares they do not currently own.

The arrangement values the company at $135 million and is the largest farm equipment dealer in Canada with 36 locations in Alberta, Saskatchewan, and Manitoba.

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alice.mcfarlane@jpbg.ca

On Twitter: @AliceMcF