# New step in Port of Churchill’s potential sale - AgCanada

> OmniTrax signed a non-binding memorandum of understanding to sell the shuttered Port of Churchill and Hudson Bay rail line to the Missinippi Rail Consortium of Manitoba First Nations. The sale still requires federal government review, and the 2017 grain season remains uncertain.

- Date: 2016-12-28 · published 2016-12-28T12:00:00.000Z
- Category: logistics · region Canada · magnitude low
- Page: https://feedsoft.ai/events/73482-new-step-in-port-of-churchill-s-potential-sale-agcanada
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Whether Churchill reopens for the 2017 season affects the export route for Prairie grain and canola, which influences freight costs and regional basis for feed grains.

## Read by commodity

- BARGE: neutral
- WHEAT: neutral
- CANMEAL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-07-23 | ['Start of a new normal': First grain train since 2015 rolls into Churchill, Man. \| CBC News](https://feedsoft.ai/events/58107-start-of-a-new-normal-first-grain-train-since-2015-rolls-into-churchill-man-cbc.md) | +1.5% | -1.2% |
| WHEAT | 2017-08-04 | [Grain stranded at Churchill's shuttered port to be shipped out this season \| CBC News](https://feedsoft.ai/events/69479-grain-stranded-at-churchill-s-shuttered-port-to-be-shipped-out-this-season-cbc.md) | -3.9% | -3.9% |
| WHEAT | 2017-08-03 | [Sask. farmers hope to see Churchill port, rail line revived \| CBC News](https://feedsoft.ai/events/69485-sask-farmers-hope-to-see-churchill-port-rail-line-revived-cbc-news.md) | -3.3% | -4.3% |
| WHEAT | 2018-08-31 | [Agreement reached for people of Churchill, Union cautiously optimistic – Union of Canadian Transportation Employees](https://feedsoft.ai/events/63543-agreement-reached-for-people-of-churchill-union-cautiously-optimistic-union-of.md) | +4.7% | -1.4% |
| WHEAT | 2020-01-31 | [CN conductors approve post-strike deal - AgCanada](https://feedsoft.ai/events/54613-cn-conductors-approve-post-strike-deal-agcanada.md) | -0.2% | +2.9% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/new-step-in-port-of-churchills-potential-sale

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.