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 […] Read more
Cereals
U.S. grains: Chicago wheat hits 25-month session low on good crop conditions
Market eyes talks on Black Sea grain corridor
CN’s mechanics, intermodal staff ratify labour deal
Agreement averted strike in March
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 […] Read more
U.S. grains: Wheat futures sink on rains, global supplies
U.S. winter wheat conditions likely improved in past week
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 […] Read more
Federal workers reach tentative deal
Over 120,000 PSAC members back on job Monday
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 […] Read more
Go bigger on interswitching pilot, grain groups urge Ottawa
Railways say the measure creates inefficiencies; farm groups say the opposite is true
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, […] Read more
U.S. grains: Chicago grains up off new lows, end week higher
Wheat rebounds off another 21-month low
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 […] Read more
PSAC federal worker strike could hit at grain transport
Prolonged strike could cause grain shipment delays, lead to demurrage costs
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 […] Read more
‘Unexpectedly high’ fuel costs lift railways’ revenue index
VRCPIs for CN, CP increased for 2023-24
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. […] Read more
U.S. grains: Chicago wheat, corn hit fresh lows
Export competition, China cancellations drag on futures
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, […] Read more
Buy or rent? Land rent-to-price ratio can help farmers decide
FCC sees current ratios on farmland as (roughly) stable
Higher interest rates don’t seem to be affecting the ratio between land values and land rental costs — at least, not yet. Farm Credit Canada’s latest analysis of farmland rental […] Read more