MarketsFarm — A renewed agreement between Russia and Ukraine to allow the latter’s grain to be shipped out of the Black Sea has recently been putting pressure on corn and wheat prices at the Chicago Board of Trade (CBOT). Russia and Ukraine, with mediation from the United Nations and Turkey, agreed Nov. 17 to an […] Read more
Tag Archives railways — page 3
CBOT weekly outlook: Renewed agreement puts pressure on corn, wheat
Soy trade focused on Brazil's crop potential
U.S. grains: Futures slip on rail strike threat, EU wheat talk
U.S. winter crop ratings at lowest since at least 1986
Chicago | Reuters — Chicago Board of Trade grain futures fell on Tuesday, amid growing concern over a possible U.S. rail strike and market speculation that U.S. grain buyers were purchasing European Union wheat, traders said. French wheat sales to China and the prospect of Polish or German wheat being booked in the United States […] Read more
U.S. grains: Corn, wheat ease on firm U.S. dollar, export concerns
U.S. rail union votes against tentative contract deal
Chicago | Reuters — Chicago Board of Trade grain futures eased on Monday as a stronger dollar and worries about U.S. exports weighed on prices, analysts said. The dollar advanced against most major currencies, making U.S. commodities look less attractive to importers, as tightened COVID-19 rules in China fuelled worries over the global economic outlook. […] Read more
Biggest U.S. rail union rejects tentative deal, raising threat of strike
Union digs in on paid sick time
Washington/Los Angeles | Reuters — Workers at the largest U.S. rail union voted against a tentative contract deal reached in September, raising the possibility of a year-end strike that could cause significant damage to the U.S. economy and strand vital shipments of food and fuel. Train and engine service members of the transportation division of […] Read more
Third U.S. union rejects national rail contract deal
Two major unions' decisions due next week
Washington | Reuters — A third U.S. rail union voted on Monday to reject a tentative national contract reached in September, but expects to continue negotiating to reach a deal. The International Brotherhood of Boilermakers (IBB), which represents about 300 U.S. rail employees, rejected the agreement, said the union and the National Carriers’ Conference Committee […] Read more
U.S. grains: Wheat futures fall from two-month highs amid broad sell-off
USDA resumes weekly export sales data
Chicago | Reuters — U.S. grain and soybean futures closed lower on Thursday, with profit-taking dragging wheat down from two-month highs, traders said. Broad-based selling added pressure on prices as traders reduced their risk amid growing warnings of a global economic slowdown, analysts said. “Inflation and recession concerns hit all markets today,” CHS Hedging said. […] Read more
U.S. railroad strike averted
Biden calls deal a 'win for America;' strike's impact would have reached up into Canada
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
U.S. railways to halt grain shipments ahead of potential shutdown
Fall fertilizer traffic also at risk
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
U.S. government makes contingency plans for rail shutdown
Three unions represent about 60,000 rail workers
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
CP arbitration ends in two-year deal for engineers, conductors
Dispute led to rail service outage in March
Mediation and arbitration hearings over the weekend have ended in a two-year labour deal for engineers, conductors and train and yard service staff at Canadian Pacific Railway. The agreement puts a formal lid on the latest round of contract disputes between Calgary-based CP and its 3,000-odd unionized employees represented by the Teamsters Canada Rail Conference […] Read more
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