MarketsFarm — China has largely been behind the current upticks in global crude oil prices, according to Tom Kloza, global head of energy analysis for Oil Price Information Services in Lakewood, NJ. He suggested that China’s economy will begin to pick up steam in 2023 after the government loosened its super-tight COVID-19 restrictions. “You can […] Read more
Machinery
China driving crude oil price increases
Bulls on crude oil expect a 'very shallow' recession
Right-to-repair advocates fighting but not gaining ground
No right-to-repair laws have been passed; dealers association says lack of broadband is the real issue
Glacier FarmMedia – It’s an uphill battle but the right-to-repair movement is getting closer to winning over lawmakers, says a leading American advocate. Right-to-repair legislation has been introduced in 42 states and two provinces but none of the bills have made it into law, Gay Gordon-Byrne, head of The Repair Association, conceded during a recent […] Read more
CNH workers at two U.S. plants reject proposed contract
Plants' workers on strike since May
Racine | Reuters — Members of two local unions that have been on strike since May at CNH Industrial factories in Wisconsin and Iowa on Saturday voted down a tentative labour contract, the United Auto Workers union said. The union did not disclose how many workers at the two plants rejected the four-year deal, which […] Read more
American Farm Bureau, Deere sign ‘right to repair’ memo
MOU to seek private-sector solutions
Chicago | Reuters — The American Farm Bureau Federation and machinery manufacturer Deere and Co. signed a memorandum of understanding on Sunday that ensures farmers have the right to repair their own farm equipment or go to an independent technician. As the agriculture sector accelerates its adoption of technology, the reliance on high-tech machinery such […] Read more
China must raise self-reliance in ag tech, Xi says
Seed industry seen as weak link in food chain
Beijing | Reuters — President Xi Jinping wants China to accelerate efforts to achieve self-reliance in agricultural technology, identifying seed development and core equipment among areas to focus on, state media reported. The central leadership had said in 2020 that the country’s seed industry was a weak link in the food chain and needed to […] Read more
Railways over revenue cap in drought year, CTA finds
CN, CP now owe $5.7 million in overages, penalties
Despite a dramatically lower Prairie grain handle in the last crop year, the Western Grains Research Foundation can expect a $5.7 million gift card from Canada’s big two railways by the end of next month. The Canadian Transportation Agency, which sets the maximum revenue entitlements (MREs) each crop year for Prairie grain handled by Canadian […] Read more
Soil tech firms allow sensors to work together
Ceres Imaging and Soiltech Wireless say the recent agreement allows their technology to validate each other in the field
Glacier FarmMedia – Ceres Imaging and Soiltech Wireless have an agreement that enables the two systems to work together. Soiltech Wireless offers a cellular-based wireless sensor and Ceres Imaging uses in-field sensors, advanced analytics and high-resolution imagery to provide a macro-level look at crops. Ehsan Soltan of Soiltech Wireless said the company’s wireless sensor monitors […] Read more
BKT offers agricultural tire line with aramid belt technology
Aramid high-density fibre is stronger and lighter than steel belts
Glacier FarmMedia – Agriculture tire technology has seen many advances in the last decade or so. New tire designs like the IF (increased flexion) and VF (very high flexion) types have pushed tire performance to new highs. Now, new materials are also making tires more durable. In September, BKT announced it is now able to […] Read more
Ford hikes price of cheapest F-150 electric truck variant
Reuters — Ford Motor Co. has raised the price of the cheapest variant of its F-150 Lightning electric truck by nine per cent, to US$55,974, the company’s website showed on Thursday. The automaker has raised prices for its electric pickup trucks twice in a span of three months, as it navigates higher costs and supply […] Read more
GM recalls 825,000 trucks, SUVs over headlight issue
Recall includes 85,000 units in Canada
Washington | Reuters — General Motors said Wednesday it was recalling 825,000 trucks and SUVs in North America because daytime running lights may not deactivate when the headlights are on, potentially causing excess glare. The largest U.S. automaker said the recall covers various Cadillac CT4 and CT5; Buick Envision; Cadillac Escalade and Escalade ESV, Chevrolet […] Read more
