Grain storage at a Russian seaport. (Pridannikov/iStock/Getty Images)

Baltic Dry Index tops 2,000 points

Reading Time: < 1 minute MarketsFarm — Ocean freight rates have moved steadily higher over the past month, nearing some of their highest levels of the past year. The Baltic Dry Index (BDI), a major indicator of shipping rates, has moved higher most of the past month, settling above 2,000 points for the first time in five months on Tuesday, […] Read more

(Canest-transit.ca)

Push on to prevent strike at Port of Montreal

A work stoppage that could start March 20 would disrupt containerized grain exports

Reading Time: 3 minutes Ottawa needs to act now to prevent a strike March 20 that would stop containerized grain from being exported from the Port of Montreal, says Jeff English, vice-president of marketing and communications at Pulse Canada. “This is something we can see off in the distance, but we are going to be there before you know […] Read more

Hapag-Lloyd containers at a shipping terminal in Hamburg in March 2017. (File photo: Reuters/Fabian Bimmer)

Pulse industry watching container supply closely

One major container firm is shipping them back to Asia empty to meet a surge in demand

Reading Time: 2 minutes Pulse Canada is keeping an eye on container supplies following the recent announcement by a major supplier it would be shipping them back empty to Asia from North America to meet a surge in demand. Why it matters: Canadian pulse crop exporters rely on shipping containers to get their products to international customers. A lack […] Read more

An image created by Nexu Science Communication, together with Trinity College in Dublin, shows a model structurally representative of a betacoronavirus, the type of virus linked to COVID-19. (Nexu Science Communication via Reuters)

Food exporters sign safety declarations in lieu of virus-free guarantees

Reading Time: < 1 minute Reuters — U.S. food and feed exporters are shipping goods to China with letters assuring the safety of their cargo in lieu of official declarations requested by Chinese authorities that guarantee coronavirus-free shipments, a U.S. agricultural export group said on Friday. The commitment statements, drafted by the Agriculture Transportation Coalition (AgTC), are meant only to […] Read more

A freighter is loaded with grain from a terminal at Vancouver’s Burrard Inlet. (Maxvis/iStock/Getty Images)

Ocean freight rate index moving higher

Reading Time: < 1 minute MarketsFarm — Ocean freight rates have shown steady gains over the past month, rising to some of their highest levels of 2020 as world economies show signs of recovery amid the COVID-19 pandemic. The Baltic Dry Index (BDI), a major indicator of shipping rates, has moved higher for 12 straight sessions, hitting 973 points on […] Read more


(PortOfHalifax.ca)

Virus fears weigh on global shipping sector

Reading Time: < 1 minute MarketsFarm — Global shipping rates continue to decline, hitting record lows in some cases, amid declining demand and concerns over the coronavirus outbreak in China. The Baltic Dry Index (BDI), compiled by the London-based Baltic Exchange, provides an assessment of the price of moving major raw materials by sea. The BDI has fallen for 13 […] Read more

(GFM photo)

AgDealer offers online equipment financing, shipping tools

Reading Time: < 1 minute Canada’s biggest used farm equipment shopper publication has added tools to link prospective buyers to options for payment plans and shipping. AgDealer on Monday announced “major enhancement(s)” at its AgDealer.com site, where each equipment listing will include buttons linking to tools from CWB National Leasing and Trusted Dispatch. The online tools allow AgDealer.com users to […] Read more

(GFM photo)

AgDealer offers online equipment financing, shipping tools

Reading Time: < 1 minute Canada’s biggest used farm equipment shopper publication has added tools to link prospective buyers to options for payment plans and shipping. AgDealer on Monday announced “major enhancement(s)” at its AgDealer.com site, where each equipment listing will include buttons linking to tools from CWB National Leasing and Trusted Dispatch. The online tools allow AgDealer.com users to […] Read more


Loading grain on a vessel at a Burrard Inlet terminal. (Maxvis/iStock/Getty Images)

Ocean freight rates trending lower

Reading Time: < 1 minute MarketsFarm — The Baltic Dry Index has fallen sharply over the past four months, dropping below 1,000 points to start the New Year. A slowdown in iron-ore activity, as high prices have had Chinese mills buying up domestic inventories rather than importing from overseas, accounted for much of the general weakness in the freight sector, […] Read more

(Rustycanuck/iStock/Getty Images)

Hay prices skyrocket as Prairie drought continues

Reading Time: 2 minutes MarketsFarm — Hay prices have continued to skyrocket across the Prairies as conditions remain dry enough that many hay growers won’t produce a first cut this spring. “We’ve had a tough start here,” said Darren Chapman, chair of the Manitoba Forage and Grassland Association. “We had a cold, dry spring with frost, so first cut […] Read more