Canadian National Railway and the union representing its mechanics and intermodal and clerical workers have reached a tentative labour deal, averting a potential strike. CN, Unifor Local 100 and Unifor Council 4000 on Monday announced they have reached four new tentative collective agreements to cover about 3,000 railway employees, who had voted earlier this month […] Read more
CN, mechanics avert strike with tentative deal
Ratification votes pending
Crop insurance premiums likely up — but not 60 per cent
Reading Time: 4 minutes Crop insurance premiums are not rising by more than half for Alberta farmers, but they’ll likely have to dig deeper in their pockets. The year-over-year average increase is 22 per cent, not the 60 per cent suggested in a recent Global news report, says the Agriculture Financial Services Corporation. That figure exists in the province’s […] Read more
Ukraine Black Sea grain deal extended for at least 60 days
UN, Turkey not yet specifying extension's duration
Ankara/United Nations | Reuters — A deal allowing the safe Black Sea export of Ukrainian grain was renewed on Saturday for at least 60 days — half the intended period — after Russia warned any further extension beyond mid-May would depend on the removal of some Western sanctions. The pact was brokered with Russia and […] Read more
UN backs Turkey, Ukraine in call for 120-day grain deal rollover
Text of original deal calls for 120, UN says
United Nations | Reuters — The United Nations backed Turkey and Ukraine on Thursday by calling for a 120-day rollover of an agreement allowing the safe export of grain from several Ukrainian Black Sea ports after Russia said it would only extend the pact for 60 days. The pact is due to expire on Saturday. […] Read more
U.S. regulator approves CP’s purchase of Kansas City Southern
Two U.S. grain grower groups warn of reduced rail competition
Washington | Reuters — The Surface Transportation Board of the United States said on Wednesday it had approved Canadian Pacific Railway’s US$31 billion acquisition of railroad company Kansas City Southern, with a series of environmental and competition conditions. The board, which oversees U.S. freight railroads, is imposing some requirements on the deal, which was agreed […] Read more
Pulse weekly outlook: Demand nudges lentil prices upward
Rapid rises seen leading to 'pause mode'
MarketsFarm — There have been some modest upticks in green and red lentil prices recently due to increased demand from India and Turkey, according to Marcos Mosnaim of Export Packers. “We went so fast up in prices that we are getting into a pause mode,” he said. “Buyers have to accept the new prices. So […] Read more
Maple Leaf sees ‘inflection point’ beyond red ink of 2022
Packer books net losses in Q4, full-year
Another of Canada’s major pork and poultry packers has reported significant net losses in its 2022 ledger, but sees “green shoots” suggesting a return to normal pork markets and stable supply chains this year. Maple Leaf Foods on Thursday reported a net loss of $311.89 million on $4.739 billion in gross sales for its fiscal […] Read more
Pulse weekly outlook: Manitoba growers not worried about Merit situation
Pea, canola protein processor in receivership
MarketsFarm — After Manitoba-based plant protein processor Merit Functional Foods went into receivership last Wednesday, Manitoba Pulse and Soybean Growers (MPSG) executive director Daryl Domitruk said it is not a microcosm of the province’s pulse industry. Domitruk said MPSG learned about Merit’s financial situation through the media. He also added that some Manitoba pea growers […] Read more
CN’s mechanics vote in favour of strike action
Company says rail operations 'will continue'
Unionized mechanics and clerical workers at Canadian National Railway (CN) have voted their support for strike action which CN says will not affect operations. Ballots from members of Unifor Local 100 and Unifor Council 4000 went 98 and 97 per cent in support of strike action, in votes held over the past two weeks, Unifor […] Read more
Pulse crops struggle to keep up in the crop popularity sweepstakes
Peas, lentils and beans cut the fertilizer bill (and emissions) but run a distant fourth in acres
Reading Time: 5 minutes When Alberta Pulse Growers recently announced its new board, it sent a press release to say it would work hard “to achieve the vision of pulses on every farm.” But while many producers grow pulses (at least some of the time), the nitrogen-fixing legumes run far behind canola, wheat and barley in the crop popularity […] Read more