Alberta's Grain Elevators
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
Why Millers Prefer to Hedge at the Kcbot and Grain Elevator Operators at the Cbot
Why millers prefer to hedge at the KCBoT and grain elevator operators at the CBoT Sören Prehn1, Jan-Henning Feil2 1 Leibniz Institute of Agricultural Development in Transition Economies (IAMO), Halle, [email protected] 2 Georg August University Goettingen, Goettingen, [email protected] Contribution presented at the XV EAAE Congress, “Towards Sustainable Agri-food Systems: Balancing Between Markets and Society” August 29th – September 1st, 2017 Parma, Italy Copyright 2017 by Sören Prehn and Jan-Henning Feil. All rights reserved. Readers may make verbatim copies of this document for non-commercial purposes by any means, provided that this copyright notice appears on all such copies. Why millers prefer to hedge at the KCBoT and grain elevator operators at the CBoT Abstract In this paper, we analyze why grain elevator operators tend to hedge hard red winter wheat at the CBoT and not at the KCBoT. They do so because they trade not only the basis but also the premium risk. Like the basis, also premiums of hard red winter wheat have a tendency to increase after harvest. Only a short hedge in the lower priced CBoT wheat contract makes it possible to participate in a post-harvest premium increase. For this reason, grain elevator operators favor a loose hedge at the CBoT. Our results underscore the importance of premium risk for hedging decisions. Keywords: Wheat, hedging, millers, grain elevator operators, Kansas City Board of Trade, Chicago Board of Trade 1 Introduction In his seminal paper “Whose Markets? Evidence on Some Aspects of Futures Trading” (Journal of Marketing, Vol. -
Grain Elevators and Processes
9.9.1 Grain Elevators And Processes 9.9.1.1 Process Description1-14 Grain elevators are facilities at which grains are received, stored, and then distributed for direct use, process manufacturing, or export. They can be classified as either "country" or "terminal" elevators, with terminal elevators further categorized as inland or export types. Operations other than storage, such as cleaning, drying, and blending, often are performed at elevators. The principal grains and oilseeds handled include wheat, corn, oats, rice, soybeans, and sorghum. Country elevators are generally smaller elevators that receive grain by truck directly from farms during the harvest season. These elevators sometimes clean or dry grain before it is transported to terminal elevators or processors. Terminal elevators dry, clean, blend, and store grain before shipment to other terminals or processors, or for export. These elevators may receive grain by truck, rail, or barge, and generally have greater grain handling and storage capacities than do country elevators. Export elevators are terminal elevators that load grain primarily onto ships for export. Regardless of whether the elevator is a country or terminal, there are two basic types of elevator design: traditional and modern. Traditional grain elevators are typically designed so the majority of the grain handling equipment (e.g., conveyors, legs, scales, cleaners) are located inside a building or structure, normally referred to as a headhouse. The traditional elevator often employs belt conveyors with a movable tripper to transfer the grain to storage in concrete or steel silos. The belt and tripper combination is located above the silos in an enclosed structure called the gallery or bin deck. -
The United Farmer 1973 March-April
1973 Annual Meeting The The March-April issue of The United Farmer features the 1973 Annual Meeting. This is the culmination of the 1972 fiscal year, a banner year for UFA with record sales, record earnings, Unite and record cash payout. Farm er What factors contributed to the unprecedented success enjoyed by UFA in 1972? The upsurge in the farm economy and the strong Volume 11 No. 2 member participation were certainly major considerations, but re- cognition must be given to the capable guidance of the Board of March - April, 1973 Directors — the counsel and advice of Delegates and Advisory Committee Members the expertise of Management the ability — — Published 6 times yearly by and determination of UFA Employees and Agents. Each and every- the Information Service Division one of these people contributed in his or her own way to the success of United Farmers of Alberta of Farmers and can take pride that to the total United success, Co-operative Limited. each contribution was important. Delegates — People Who Head Office: 1119 • 1st Street Serve Their Industry S.E., Calgary, Alberta T2G 2H6 Delegates are the elected representatives of the members of UFA. They are rural businessmen who are interested in practical ways to serve their industry. At the Annual Meeting, Delegates from Alberta gathered to Editor: Alice Switzer present their views on policy, and become more informed about United Farmers. It is their responsibility to express the opinions and suggestions of the members they represent, and in turn to report the results of the Annual Meeting to UFA members. Member — Corporate Communica- Petroleum tors of Canada and the Alberta A wards Farm Writers Association. -
Grain Facilities in the U.S. Specializing in Originating Grain for Export and Soybean Processing Plants
RESEARCH CIRCULAR 241 SEPTEMBER 1978 Grain Facilities in the U.S. Specializing in Originating Grain for Export and Soybean Processing Plants JOHN W. SHARP OHIO AGRICULTURAL RESEARCH AND DEVELOPMENT CENTER U.S. 250 and Ohio 83 South Wooster, Ohio CONTENTS * * * * Acknowledgments . .. .. • . .. • . • . • . • . .. • . 1 Introduction ................................................................ _. 2 Po rt Fa c i 1it i es in the U.S. • •.•..•..........•......•..•.•..•.....•...•·. • 3 Mississippi River Barge Loading Facilities . • • . • . • • . • • . • . • . • • . • • 6 Missouri River Barge Loading Facilities ........•.•.•......•...•.•.....•..•..••. 12 Ohio River Barge Loading Facilities .....•.•....•...•............•.........•••.. 13 Illinois River Barge Loading Facilities ........................................ 14 Arkansas River Barge Loading Facilities •..••...•..•..•..•.•.....•.•••.•.•..••.• 16 White River Barge Loading Facilities ..•........••••••..••.•...•.•.•..••.•...... 16 Black River Barge Loading Facilities ...•.•...•.••••..•••••....•....•••••...•••. 17 Yazoo River Barge Loading Facilities ..•.•••..•.•.•.•...•..•...•.....•••........ 17 Quachita River Barge Loading Facilities •.•.••..•.•••.•.••••...•••..•.....•.•••. 17 Snake and Columbia Rivers Barge Loading Facilities .•••.••••••.•......••...••.•. 18 Unit Train Facilities in Ohio •...••••.........•••••.•.•••.•....•.........•.••.. 20 Unit Train Facilities in Indiana .•.•.......•..••..•.•••...•..•........•.••.••.. 21 Unit Train Facilities in Kentucky ............................................. -
Reconsidering Concrete Atlantis: Buffalo Grain Elevators
Reconsidering Concrete Atlantis: Buffalo Grain Elevators Lynda H. Schneekloth, Editor ISBN: Copyright 2006 The Urban Design Project School of Architecture and Planning University at Buffalo, State University of New York Cover Graphic: Elevator Alley, Buffalo River (Photo by Lynda H. Schneekloth) Reconsidering Concrete Atlantis: Buffalo Grain Elevators Lynda H. Schneekloth, Editor The Urban Design Project School of Architecture and Planning University at Buffalo, State University of New York The Landmark Society of the Niagara Frontier Buffalo, New York 2006 CREDITS The Grain Elevator Project was initiated in 2001 by the Urban Design Project, School of Architecture and Planning, University at Buffalo, SUNY, in collaboration with the Landmark Society of the Niagara Frontier. It was funded in part by the National Endowment for the Arts through the Urban Design Project, and by the New York State Council on the Arts/Preservation League through the Landmark Society of the Niagara Frontier. The Project was managed by Lynda H. Schneekloth from the Urban Design Project, and Jessie Schnell and Thomas Yots of the Landmark Society. Members of the Advisory Committee included: Henry Baxter, Joan Bozer, Clinton Brown, Peter Cammarata, Frank Fantauzzi, Michael Frisch, Chris Gallant, Charles Hendler, David Granville, Arlette Klaric, Francis Kowsky, Richard Lippes, William Steiner, Robert Skerker, and Hadas Steiner. We would like to especially thank Claire Ross, Program Analyst from the NYS Office of Parks, Recreation and Historic Preservation for her assistance. Thanks also to all of those who, through the years, have worked to protect and preserve the grain elevators, including Reyner Banham, Susan McCarthy, Tim Tielman, Lorraine Pierro, Jerry Malloy, Timothy Leary, and Elizabeth Sholes. -
The Architecture of Grain Elevators
Economic History Theme Study A HISTORY OF GRAIN ELEVATORS IN MANITOBA PART 2: THE ARCHITECTURE OF GRAIN ELEVATORS THE ARCHITECTURE OF GRAIN ELEVATORS The first commercial grain elevator in Western Canada, built along a railway siding, was constructed in 1878 in Niverville, Manitoba. It was an unusual 25,000 bushel round structure constructed to store and ship the surplus grain produced by German- speaking Mennonite settlers who had arrived in Southern Manitoba from Russia a mere four years earlier. This structure, however, was to be the only one of its kind. During the later half of the nineteenth century, in Western Canada, as in the United States, grain was stored in flat warehouses because it was invariably handled and brought to market in bags. Before long, these warehouses were divided into bins into which the sacked grain was dumped after weighing. Such warehouses were typically 8 x 20 x 40 feet, and held approximately 4,000 bushels of grain. Bins were arranged on opposite sides of a central alley which provided access for handcarts on which grain was trundled from wagons, and later, on to boxcars. The system was later improved by constructing raised overhead bins into which grain could be mechanically loaded, and then spouted by gravity into waiting boxcars. Only one such early flat warehouse remains in Manitoba, and is located in Brookdale. Classic prairie grain elevators, of the type which western Canadians are most familiar, were first built during the early 1880s. They generally were built according to standards set by the Canadian Pacific Railway. Such “Standard-plan” elevators offered much greater efficiency in built grain handling and larger storage capacities. -
Dynamic Changes in Rail Shipping Mechanisms for Grain
Agribusiness and Applied Economics Report No. 798 June 2020 Dynamic Changes in Rail Shipping Mechanisms for Grain Dr. William W Wilson Department of Agribusiness & Applied Economics Agricultural Experiment Station North Dakota State University Fargo, ND 58108-6050 ACKNOWLEDGEMENTS NDSU does not discriminate in its programs and activities on the basis of age, color, gender expression/identity, genetic information, marital status, national origin, participation in lawful off-campus activity, physical or mental disability, pregnancy, public assistance status, race, religion, sex, sexual orientation, spousal relationship to current employee, or veteran status, as applicable. Direct inquiries to Vice Provost for Title IX/ADA Coordinator, Old Main 201, NDSU Main Campus, 7901-231-7708, ndsu.eoaa.ndsu.edu. This publication will be made available in alternative formats for people with disabilities upon request, 701-231-7881. NDSU is an equal opportunity institution. Copyright ©2020 by William W. Wilson. All rights reserved. Readers may make verbatim copies of this document for non-commercial purposes by any means, provided this copyright notice appears on all such copies. ABSTRACT Grain shipping involves many sources of risk and uncertainty. In response to these dynamic challenges faced by shippers, railroad carriers offer various types of forward contracting and allocation instruments. An important feature of the U.S. grain marketing system is that there are now a number of pricing and allocation mechanisms used by most rail carriers. These have evolved since the late 1980’s and have had important changes in their features over time. The operations and impact of these mechanisms are not well understood, yet are frequently the subject of public criticism and studies and at the same time are revered by (some) market participants. -
Experiment in Concrete; a Pioneer Venture in Grain Storage
TUBULAR concrete grain elevator built in Minneapolis, 1899 EXPERIMENT in CONCRETE A Pioneer Venture in GRAIN STORAGE RUTH J. HEFFELFINGER UPON LEAVING Minneapohs via Lake though it now seems to have no purpose Street and proceeding along Highway No. other than to advertise the lumber sold near 7 in the direction of Excelsior, one passes a by. Certainly no one would associate it with large white structure on the left just west of the pretentious structure across the bridge, the bridge that spans the Belt Line. It is yet if it had not been for that single tube composed of a triple row of monoliths as of concrete, terminal grain elevators might classically symmetrical in outline as the col be built in a different, and perhaps less eflB umns of a Greek temple, although not as cient, way today. For apparently this was decorative. The Minneapolis structure is a the first tubular grain elevator of sohd con terminal elevator designed for the storage crete in the world. Although it was never of grain, and, like most modern terminal ele put to use, it was built as an experiment to vators, it is built of concrete. On the east side find out if it was practical to store grain in a of the bridge stands a single monolith with concrete bin of this shape. the words "Lumber Stores" running the Early in 1899, Frank H. Peavey and length of the tube. It looks as though it might Charles F. Haglin talked over the possibility once have been the chimney of a factory, of storing grain in bins constructed of mate rial other than wood. -
The Mississippi Kite Grain Elevator Supports Winter
THE MISSISSIPPI KITE 5 GRAIN ELEVATOR SUPPORTS WINTER BARN OWL NEST James L. Key Department of Biological Sciences Mississippi State University Mississippi State, Mississippi 39762 Nesting Barn Owls (Tyto alba) have been documented within the united States for every month of the year (Otteni et al. 1972, Marti 1991). In Mississippi, I have found Barn Owls nesting in the central and eastern portions of the state throughout the year, although they show a peak in egg-laying during January and February. These regions are relatively diverse in habitat, with mixed pine (Pinus spp.) and hardwood stands, pasture, and croplands. Although most Barn Owl nests have been located in areas rich in croplands, there are other prey-supporting habitats available during the periods when fields are bare. In west Mississippi, in the Delta region, available habitat is almost exclusively cropland, and I have found nesting efforts to be much more seasonal. Egg-laying occurs almost exclusively within the December to February period. These are often the harshest months in Mississippi, but these nests usually produce fledglings in March, April, and May, when crops begin to flourish and prey abound. Late fall and winter offer little more than barren fields, and I have found only one Barn Owl nest initiated just prior to that period. This nest was located at "Big River Seed Company," a grain elevator in Cleveland, Bolivar County, Mississippi. The clutch of five eggs was laid in a small room at the top of the complex, above the silos. Egg-laying began in early October 1991, and I saw three fledglings there on several occasions during January 1992. -
Problems Affecting the Marketing of Western Canadian Wheat
PROBLEMS AFFECTING THE MARKETING OF WESTERN CANADIAN WHEAT by BERNARD JOSEPH BOWLEN B. S., University of Alberta, 1949 A THESIS submitted in partial fulfillment of the requirements for the degree MASTER OF SCIENCE Department of Economics and Sociology KANSAS STATE COLLEGE OF AGRICULTURE AND APPLIED SCIENCE 1951 Ooca- Lb ii TM BW TABLE OF CONTENTS INTRODUCTION Purpose ..... 1 Scope • * • . 2 Review of the Literature 5 Method of Procedure . 4 Limitations .... 5 Geographical Setting 6 Historical Background 7 THE FIRST WHEAT BOARD 10 VOLUNTARY POOLING .... 16 Early Development . 16 Wheat Pools in Difficulty 19 STABILIZATION OPERATIONS 23 TEE SECOND NATIONAL WHEAT BOARD 31 GOVERNMENT MONOPOLY IN THE GRAIN TRADE 40 The War Years .... 40 The Five Year Pool 43 Canada-United Kingdom Agreement 46 An Appraisal of the Five Year Pool 62 CONSIDERATION OF A FUTURE POLICY 74 A Compulsory Pool . 76 An Open Market System • . 80 Voluntary Pooling ... 82 Government Price Stabilization . 85 A Government Floor Price . 86 CONCLUSION 91 ACKNOWLEDGMENT 93 BIBLIOGRAPHY 94 INTRODUCTION Purpose On August 1, 1950 the operations of the first compulsory wheat pool, conducted under the auspices of the Canadian Wheat Board, an agenoy of the Canadian Government, were completed. This pool was an attempt at centralised marketing of the entire Western Canadian wheat crop. Ostensibly the main reason for this scheme was to secure for the farmer a fair and stable price for his wheat crop. The purpose of this thesis is to trace the chain of events which, through the years, culminated in the government estab- lishing the Canadian Wneat Board and vesting in that agency monopoly power in the marketing of wheat grown in Western Cana- da. -
Grain Elevators in Canada, As at August 1, 1998
Grain Elevators Silos à grains du in Canada Canada Crop year Campagne agricole 1998 - 1999 1998 - 1999 As at August 1, 1998 Au 1er août 1998 www.grainscanada.gc.ca © Canadian Grain Commission © Commission canadienne des grains TABLE OF CONTENTS Table 1 - Summary - All Elevators, By Province, Rail And Class Of Licence Table 2 - List Of Companies And Individuals Licensed Table 3 - Licensed Terminal Elevators Table 4 - Licensed Transfer Elevators Table 5 - Licensed Process Elevators Table 6 - Licensed Primary Elevator Storage Capacity, By Firms Table 7 - Licensed Grain Dealers Table 8 - Summary Of "Operating Units", By Province And Company Table 9 - Summary, Country Shipping Points And Licensed Primary Elevators Table 10 - Off-Line Elevators Situated In The Western Division Table 11 - All Elevators, By Stations - Manitoba - Saskatchewan - Alberta - British Columbia - Ontario - Quebec - Nova Scotia Appendix - Historical Record - All Elevators © Canadian Grain Commission © Commission canadienne des grains TABLE DES MATIÈRES Tableau 1 - Résumé - Tous les silos, par province, voie ferrée et catégorie de licence Tableau 2 - Liste des compagnies et des particuliers agréés Tableau 3 - Silos terminaux agréés Tableau 4 - Silos de transbordement agréés Tableau 5 - Silos de transformation agréés Tableau 6 - Capacité d'entreposage des silos primaires agréés, par compagnie Tableau 7 - Négociants en grains titulaires d'une licence Tableau 8 - Résumé des «Unités d'exploitation», par province et compagnie Tableau 9 - Résumé, Points d'expédition régionaux -
* Hpa^Tf Foiflt Aqmtimt* Wmifa®
m I!" —— SHILLETO DRUG CO., LTD. 1\ DANCE HAND HILLS LAKE The Gulbranson Flayer aai Up (7 CLUBHOUSE right Pianos. NStionally adver- TOMORROW EVENING . tised. Nationally priced. FRIDAY, JUNE 18 Get our prices on Pianos. Ws can save yon money. HANNA ORCHESTRA 1463 1441-27 * HPa^tF foiflt a Qmtimt* i\ VOL :£IV., No. 27. J HANNA, ALBERTA, THURSDAY, -JUNE 17, 1926. EIGHT PAGES $2.00 PER YEAR IN ADVANCE LIBERAL LEADER PREMIER COMING POOL FARMERS WILL GATHER PLOWING MATCH CESSFORD FARMER WITH <£-M Will be held on tfie farm ef Alex. McLean neat* to the U. F. A. ON SATURDAY TO HEAR PROPOSED Hall, Garden Plain on Wednesday, THREE CLUBS EXTENDS fl June 23rd, 1926, commencing at 10 a. m. prompt. POOL AGREEMENT DISCUSSED Valuable prizes will be given / by the Kiwanis Club of Hanna. WEIR IN GOLF FINALS Clang plows only will be used. A basket lunch will be served Big Meeting of Pool Members to be Held in Fleming Hall on by the ladies qf the district In toe Jim Weir ol Drumheller, and David Grosert of Cessford, Play U. P. A. Hall at 12.38 neon. Saturday, at Wbich Proposed "Agreement" WUl Be Dis Enter your name with either Twenty-one Holes Before Arriving at Decision—Second Mrs. Wickson at Garden Plain P. cussed—Lively Debate oi Vital Question Anticipated O. or the undersigned. Annual Tourney of Golf Club Marked by Stellar Play Bring the entire family and a Fleming Hall promises to be the ' cusslcn recently. Tihe farmers of the full basket. Coffee will be pro With a driver, a niblick, and a mid- on the shorter distance, ne Drum scene of one of the greatest farthers' j Hanna district are anxious to secure vided.