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File photo of a BNSF grain train crossing the Gassman Coulee trestle near Minot, North Dakota. (Photo courtesy BNSF Railway)
Crops, Reuters

U.S. railroad strike averted

Biden calls deal a 'win for America;' strike's impact would have reached up into Canada

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Updated | Washington | Reuters — Major U.S. railroads and unions secured a tentative deal on Thursday after 20 hours of intense talks brokered by President Joe Biden’s administration to avert a rail shutdown that could have hit food and fuel supplies across the country and beyond. Biden called the deal a “big win for […] Read more
A freight train at Manchac, La., about 75 km east of Baton Rouge. (CN.ca)
Crops

U.S. rail embargoes may stymie some Canadian rail traffic

CN halts most cross-border traffic; CP also monitoring situation

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Mindful of the potential for snarls on their own tracks, Canada’s big two railways are monitoring talks between a clutch of major U.S. railways and several of their labour unions to avert strikes and/or lockouts that may begin as early as Friday. As of Wednesday, three unions out of the 12 representing unionized rail workers […] Read more
ICE November 2022 canola (candlesticks) with 100-day moving average (green line) and Bollinger bands (20,2). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola futures continue trending lower

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MarketsFarm — ICE Futures canola contracts saw some choppy activity during the week ended Wednesday, but the general trend remains pointed lower. “Whenever canola rebounds, it doesn’t go as high,” analyst Errol Anderson of Pro Market Communications in Calgary said. Anderson described the chart pattern as a “falling top,” with previous attempts at recovery in […] Read more
CBOT November 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans, corn down on technical setback

Chicago December wheat rises

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Chicago | Reuters — U.S. soybean and corn futures fell on Wednesday on a round of technical selling as traders adjusted their positions following a market rally sparked by the government’s Monday forecast for smaller-than-expected harvests. “That was a surprising number out of the U.S. Agriculture Department and the market reacted,” said Chris Robinson, founder […] Read more
File photo of a BNSF grain train in Montana. (Photo courtesy BNSF Railway)
Crops, Reuters

U.S. railways to halt grain shipments ahead of potential shutdown

Fall fertilizer traffic also at risk

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Chicago | Reuters — Some U.S. railroads will start halting crop shipments on Thursday, a day ahead of a potential work stoppage, an agricultural association and sources at two grain co-operatives said on Tuesday, threatening exports and feed deliveries for livestock. With farmers starting to harvest autumn crops that are shipped to meat and biofuels […] Read more
File photo of a BNSF grain train crossing the Gassman Coulee trestle near Minot, North Dakota. (Photo courtesy BNSF Railway)
Crops, Reuters

U.S. government makes contingency plans for rail shutdown

Three unions represent about 60,000 rail workers

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Washington/Los Angeles | Reuters — U.S. President Joe Biden’s administration on Tuesday made contingency plans aiming to ensure deliveries of critical goods in the event of a shutdown of the U.S. rail system while pressing railroads and unions to reach a deal to avoid a work stoppage affecting freight and passenger service. The potential shutdown, […] Read more
CBOT December 2022 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and green lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn, soybean futures dip on profit-taking

Chicago wheat firms

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Chicago | Reuters — Chicago Board of Trade corn and soybean futures eased on Tuesday but remained near their nearly three-month highs as the government’s reduced forecasts for this year’s harvests continued to underpin prices, traders said. Wheat futures were firm, supported by uncertainty over Black Sea supplies following Russian criticism of a diplomatic deal […] Read more
CBOT November 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy, corn futures hit June highs

USDA cuts domestic harvest estimates

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Chicago | Reuters — Chicago Board of Trade soybean futures surged to their highest price since June on Monday and closed near their highs after the U.S. government made bigger-than-expected cuts to its domestic harvest estimate. Corn futures also hit their highest price in more than two months following a reduced production outlook from the […] Read more
(Qingwa/iStock/Getty Images)
Crops, Markets

Production, ending stocks down for U.S. corn, soybeans

Worldwide soy, corn stocks also revised lower

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MarketsFarm — Projected cuts to soybean production and yields in the United States exceeded many analysts’ expectations, but the monthly U.S. Department of Agriculture (USDA) estimates for corn were mostly in line with pre-report expectations. USDA released its monthly world agriculture supply and demand estimates (WASDE) on Monday, which showed downward revisions for average yield […] Read more
File photo of a docked grain vessel at a Black Sea port in Turkey. (Bfk92/E+/Getty Images)
Crops, Markets, Reuters

U.S. working with U.N. on Russia food, fertilizer export complaints

Black Sea pact up for renewal in November

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New York | Reuters — The United States is working with the United Nations to address Russian complaints that sanctions are hindering its food and fertilizer shipments, even though there has been no disruption to Moscow’s exports of the commodities, a senior U.S. official said on Friday. The United Nations, Turkey, Ukraine and Russia agreed […] Read more

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