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File photo of a canola field in northern France’s Normandy region. (Brasil2/iStock/Getty Images)
Crops, Markets, Weather

Rapeseed production expected down in EU

USDA attache sees more soy, sunflower

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MarketsFarm — Rapeseed production in the European Union (EU) is expected to see a small decrease in the 2023-24 marketing year, according to the U.S. Department of Agriculture’s (USDA) European Union attaché in Vienna. In a Global Agricultural Information Network (GAIN) report released Wednesday, the EU’s 2023-24 rapeseed crop is expected to total 19.3 million […] Read more
CBOT July 2023 soft red winter wheat with 20-day moving average, Minneapolis July 2023 hard red spring wheat (yellow line) and K.C. July 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Chicago wheat hits 25-month session low on good crop conditions

Market eyes talks on Black Sea grain corridor

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Mexico City | Reuters — Chicago wheat hit a 25-month low in the session to close lower on Tuesday, on weather that looked good for U.S. crop development and improving crop conditions. Wheat has been pressured down in recent days after the winter wheat crop rating as of Sunday was up two points from the […] Read more
File photo of a CN locomotive. (Dave Bedard photo)
Crops, Machinery

CN’s mechanics, intermodal staff ratify labour deal

Agreement averted strike in March

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Mechanics, intermodal and clerical workers at Canadian National Railway (CN) who were on the brink of striking in March have voted to ratify the agreements that kept them off the picket line. Unifor, which represents about 3,000 CN employees, said Friday its members voted to ratify four new two-year collective bargaining agreements taking them through […] Read more
CBOT July 2023 soft red winter wheat with 20-day moving average, Minneapolis July 2023 hard red spring wheat (yellow line) and K.C. July 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat futures sink on rains, global supplies

U.S. winter wheat conditions likely improved in past week

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Chicago | Reuters — U.S. wheat futures tumbled to fresh lows on Monday on ample world supplies, sluggish U.S. export demand and beneficial rains in key production areas of the Plains and Midwest. Corn futures slumped on forecasts for favourable Midwest planting weather and lagging U.S. export sales, while soybeans edged higher in a technical […] Read more
File photo of picketing federal workers represented by the Public Service Alliance of Canada (PSAC) at Gatineau, Que. on April 20, 2023. (Photo: Reuters/Blair Gable)
Crops

Federal workers reach tentative deal

Over 120,000 PSAC members back on job Monday

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Over 120,000 striking federal government employees are expected to return to work starting Monday morning (May 1) after reaching tentative agreements overnight. The Public Service Alliance of Canada (PSAC) announced after midnight Monday it had reached tentative agreements for workers in four bargaining units who negotiate with the federal Treasury Board of Canada Secretariat. Among […] Read more
(Orchidpoet/iStock/Getty Images)
Crops, Machinery

Go bigger on interswitching pilot, grain groups urge Ottawa

Railways say the measure creates inefficiencies; farm groups say the opposite is true

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Farm groups from across the country are asking producers to lobby federal ministers and MPs and urge them to super-size a government proposal for what’s called ‘extended interswitching.’ The measure, part of this spring’s federal budget, essentially gives grain shippers a choice in which railway they deal with (as long as the competitor’s line is […] Read more
CBOT July 2023 soft red winter wheat with Bollinger bands (20,2). (Barchart)
Crops, Markets, Reuters

U.S. grains: Chicago grains up off new lows, end week higher

Wheat rebounds off another 21-month low

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Reuters — Chicago grain and soybean futures ended higher on Friday after posting fresh lows earlier as traders anticipated hefty global supplies and kept an eye on weather in the U.S. Bouts of short covering ahead of the weekend lifted contracts after corn, soy and wheat futures all struck multi-month lows this week. Recent rains […] Read more
Picketers with the Public Service Alliance of Canada (PSAC) on strike at Gatineau, Que. on April 20, 2023. (Photo: Reuters/Blair Gable)
Crops

PSAC federal worker strike could hit at grain transport

Prolonged strike could cause grain shipment delays, lead to demurrage costs

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The Public Service Alliance of Canada (PSAC) strike is drawing fire from Canadian agricultural commodity groups — mostly concerned with how grain transportation could be disrupted. The Western Canadian Wheat Growers Association issued a strongly worded press release on Tuesday after striking picketers targeted Vancouver’s Cascadia grain terminal, co-owned by Viterra and Richardson International. “A […] Read more
(File photo by Dave Bedard)
Crops, Machinery

‘Unexpectedly high’ fuel costs lift railways’ revenue index

VRCPIs for CN, CP increased for 2023-24

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The index that determines how much Prairie grain handling revenue Canada’s big two railways get to keep will be raised in the coming crop year, mainly on way-higher-than-expected fuel costs. The Canadian Transportation Agency (CTA) on Thursday announced the volume-related composite price index (VRCPI) for Canadian National Railway (CN) for 2023-24 will be 1.8295, up […] Read more
CBOT July 2023 soft red winter wheat with 50-day moving average, Minneapolis July 2023 hard red spring wheat (yellow line) and K.C. July 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Chicago wheat, corn hit fresh lows

Export competition, China cancellations drag on futures

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Mexico City | Reuters — Chicago wheat futures fell for a seventh straight session on Thursday and touched a 21-month low on export competition while corn hit a nine-month low, walloped by cancellations of U.S. corn sales to China. The most-active wheat contract on the Chicago Board of Trade (CBOT) dropped 12-3/4 cents to settle […] Read more

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