The Port of Thunder Bay continued to see strong grain movement with only a month to go in the 2024 shipping season. Potash shipments are also up on the year.

Thunder Bay grain movement stays strong through November

China, EU account for upswing in Canadian grain, oilseed exports
Total exports through October up more than 18 per cent
Exports of Canadian oilseeds and grains for 2024/25 largely continued to be ahead of those a year ago, monthly data from the Canadian Grain Commission showed. Bulk exports through licensed facilities during the first three months of the current marketing year are more than 12.22 million tonnes, which compares with the approximately 10.33 million the same time last year.

CN reaches tentative deal with Unifor workers ahead of Jan. 1 strike deadline
Canadian National Railway (CN) says it has reached a tentative four-year agreement with the union representing mechanical, clerical and intermodal workers.

Bearish speculative bets rise in canola futures
Speculative fund traders were busy putting on fresh bearish bets in early December, taking the net managed money short position back above 100,000 contracts for the first time in two months, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).

COMMENT: Bovaer is added to cow feed to reduce methane emissions. Does it get into milk and meat? Is it harmful for humans?
There has been an enormous amount of misinformation about the safety of 3-NOP, with some labelling milk from herds fed the additive as "Frankenmilk." Others have been concerned it could make its way to humans via beef. The bottom line is that 3-NOP is safe. Let's unpack some of the major misunderstandings.

U.S. livestock: Live cattle mixed as technical selling offsets lift from firm cash
Chicago Mercantile Exchange live cattle futures traded on both sides of unchanged on Friday and finished the day mixed, underpinned by firm cash cattle prices but anchored by technical selling and seasonal pressure, analysts said.

U.S. grains: Corn rises on technical buying, soy and wheat end mixed
U.S. corn futures climbed on Friday to the highest in five months on a continuous chart, supported by technical buying and strong U.S. export sales.

South American farmers hail Mercosur-EU deal, wary of fine print
South America's agricultural sector, a key source of global food, celebrated on Friday as the regional Mercosur bloc and the European Union struck a free trade agreement, though farmers said they wanted to see the small print of the deal.

Challenge model a new way to fund, support innovation
Five Ontario companies are among 13 semi-finalists selected in the federal government's Agricultural Methane Reduction Challenge, which is seeking innovative ways to reduce methane emissions from dairy and beef cattle.

Mexico doing all it can to protect trade agreement with US, Canada, official says
Mexico is doing everything it can to protect a regional trade agreement with the U.S. and Canada, the Latin American nation's deputy economy minister said in an interview published on Friday.