Latest News on Cereals for Ontario Farmers | Page 353 of 683

Louis Dreyfus’ oilseed processing plant at Yorkton, Sask. (LDC.com)

Dreyfus to cut costs amid trade jitters, swine fever

By Ana Mano November 27, 2019

Sao Paulo | Reuters — Agricultural commodities giant Louis Dreyfus Co. (LDC) has launched a cost-cutting and reorganization drive in the face of difficulties confronting global trading houses, according to an internal memo seen by Reuters on Wednesday. LDC confirmed the memo’s authenticity in a statement, saying the company aimed to optimize its cost base […] Read more

CBOT January 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets

U.S. grains: Soy futures fall to two-month low

By Tom Polansek November 27, 2019

Chicago | Reuters — U.S. soybean futures slid to a two-month low on Wednesday on technical selling and expectations that increased rains will benefit crops in rival shipper South America. Corn and wheat futures also fell as traders adjusted positions ahead of Thursday’s Thanksgiving holiday, when U.S. markets will close. The markets will reopen for […] Read more

Nutrien’s potash mine near Rocanville, Sask. (Nutrien.com)

Crops

Nutrien potash mine idled despite rail strike’s end

By Dave Bedard November 27, 2019

Plans by the world’s largest ag inputs provider to temporarily idle its biggest potash mine in view of the Canadian National Railway strike will proceed, even as CN goes back to work. Saskatoon-based Nutrien announced Monday it “will be forced to curtail production” at its Rocanville, Sask. mine due to the CN rail strike. The […] Read more

Rail cars in Vancouver. (Photo courtesy/copyright Canadian National Railway)

Crops, Machinery, Markets

Grain groups seek ‘essential service’ status for rail

By Dave Bedard November 27, 2019

With Canadian National Railway’s conductors and yard workers headed back to work, several Canadian grain groups now want to head off any future job action in the rail sector. CN and the Teamsters Canada Rail Conference announced separately Tuesday they had reached a tentative agreement ending an eight-day strike by over 3,000 unionized staff. The […] Read more

Crops, Machinery

Worker’s plea for rest spurs breakthrough in CN strike, union says

By Allison Lampert November 26, 2019

Montreal | Reuters — As Canada’s biggest rail strike in a decade dragged on with no resolution in sight, the recorded pleas of an exhausted rail worker who wanted a break after a 10-hour shift helped deliver a critical breakthrough, a union leader told Reuters on Tuesday. The audio recording, released on Monday by Teamsters […] Read more

CBOT January 2020 soybeans with Bollinger (20,2) bands, a gauge of market volatility. (Barchart)

Crops, Markets

U.S. grains: Soy hits two-month low on export competition

By Julie Ingwersen November 26, 2019

Chicago | Reuters — U.S. soybean futures fell to their lowest in more than two months on Tuesday on a mix of technical selling and export competition from South American supplies, traders said. Corn and wheat futures also declined after rallying a day earlier. Chicago Board of Trade January soybean futures settled down 8-1/4 cents […] Read more

CN employees picket outside the company’s rail yard at North Battleford, Sask. on Nov. 25, 2019. (Canadian Cattlemen photo by Lisa Guenther)

Crops, Machinery, Markets

CN, Teamsters reach deal to end strike

By Allison Lampert November 26, 2019

Montreal | Reuters — Teamsters Canada and Canadian National Railway on Tuesday said they reached a tentative deal to end a strike at the country’s largest railroad that had entered its eighth day, disrupting supply chains across the country. “We have a deal,” a CN spokesman said. The union said normal operations will resume on […] Read more

CBOT December 2019 wheat with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets

U.S. grains: Wheat hits one-month top on firm cash markets

By Julie Ingwersen November 25, 2019

Chicago | Reuters — U.S. wheat futures climbed to a one-month high on Monday on firm domestic cash values and signs of rising global cash prices, traders said. Corn futures followed wheat higher but soybean futures fell, with the benchmark January contract hitting its lowest level in more than two months. Chicago Board of Trade […] Read more

Farmers dump bags of corn grain in front of the Papineau riding office of Prime Minister Justin Trudeau in Montreal, as they protest the lack of propane due to the CN strike, on Nov. 25, 2019. (Photo: Reuters/Christinne Muschi)

Crops, Machinery, Markets

CN strike drags on, hitting grain exports, fertilizer output

By Allison Lampert, Kelsey Johnson November 25, 2019

Ottawa/Montreal | Reuters — A prolonged strike at Canadian National Railway, the country’s largest railroad, sent further shocks through the economy on Monday with grain shipments scuttled and layoffs planned at fertilizer producers and an auto shipment terminal. As Canada’s biggest rail strike in a decade entered its seventh day, industry kept pressuring the government […] Read more

Rail lines en route to the Port of Searsport, Maine. (BWFolsom/iStock/Getty Images)

Crops

CP to buy direct line through Quebec, Maine

By GFM Staff November 25, 2019

Canadian Pacific Railway (CP) is set to buy its way back into Quebec’s Eastern Townships and through to eastern ports with a deal for Central Maine and Quebec Railway (CMQ). Calgary-based CP announced Wednesday it has a deal with CMQ’s owner, Fortress Transportation and Infrastructure Investors (FTAI), to buy the railway’s 774 km of rail […] Read more

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