MarketsFarm — Expect the canola market, along with other grains and oilseeds, to remain volatile for the time being, said David Derwin of PI Financial in Winnipeg. “A lot of the markets right now are extremely erratic because of the coronavirus. I think it’s being blown out of proportion, but it is what it is,” […] Read more
ICE weekly outlook: In canola, volatility is order of the day, for now
CN faces grain export backlog of 10,000 carloads, CEO says
Montreal | Reuters — Canadian National Railway (CN) lost capacity equivalent to 10,000 carloads, or one million tonnes of grain exports, in February due to rail blockades by protesters opposed to a pipeline project, CEO Jean-Jacques Ruest said Tuesday. Activists disrupted passenger and freight traffic last month to show solidarity with the Wet’suwet’en people, who […] Read more
CN starts calling back laid-off employees
"Network recovery... will take several weeks"
Montreal | Reuters — Canadian National Railway has started calling back many of the 450 workers it laid off earlier this month in Eastern Canada, when blockades crippled operations on strategic rail lines, according to a company email sent to customers Friday. Earlier this week, police made 10 arrests and cleared a blockade in eastern […] Read more
ICE weekly outlook: New lows in, but canola stabilizing
MarketsFarm — The ICE Futures canola market dropped to fresh contract lows on Tuesday but managed to find some support to the downside and may stabilize for the time being amid oversold price sentiment. The May canola contract, which had started 2020 trading in the $490 area, touched a low of $455 per tonne on […] Read more
Protestors put up new rail, road barricades in wake of arrests
Ottawa/Toronto | Reuters — Protesters in Canada blocked train lines, Vancouver’s port entrance and at least one highway on Tuesday in response to the arrest of 10 indigenous activists when police dismantled a rail barricade in southern Ontario a day earlier. Ontario Provincial Police on Monday arrested some of the Tyendinaga Mohawk campaigners who had […] Read more
OPP clear rail blockade, arrest 10
No word yet on when CN service through area will resume
Tyendinaga, Ont. | Reuters — Ontario Provincial Police on Monday made 10 arrests and cleared a rail blockade that had been stopping freight and passenger traffic for almost three weeks on one of the country’s busiest lines. OPP secured the area just east of Belleville, Ont., Canadian National Railway Co (CN) said, and CN technicians […] Read more
Trudeau demands rail blockades be lifted
Canadians' patience running out, PM says
Ottawa | Reuters — Canadian Prime Minister Justin Trudeau on Friday demanded aboriginal protesters lift rail blockades that are hurting the economy and made clear police should, if necessary, enforce injunctions to remove the obstacles. Trudeau also told a news conference that the Liberal government’s talks with various indigenous leaders over the last two weeks […] Read more
Feed weekly outlook: Softening barley market to stabilize
MarketsFarm — Feed barley bids in Western Canada have softened over the past few weeks, but should stabilize as the spring approaches. “I don’t think there’s a lot of potential to push this thing much higher, and I don’t think the bottom will fall out either. What you see is what you get,” Matt Froehlich, […] Read more
Police cautious on rail blockades due to legacy of past violence
Ottawa | Reuters — As a blockade of Canada’s rail lines drags on and the economic impact deepens, police aware of the bitter legacy created by past fatal clashes with indigenous protesters have chosen not to clear the tracks by force. For the past two weeks, campaigners blocked rail lines in Ontario, Quebec and Alberta […] Read more
Fraser: Rail blockades should be a lesson for all
Our latest so-called national crisis led to calls for police to arrest protesters and tear down blockades, but perhaps we should be thinking about how to prevent conflicts like this from happening in the first place. It’s amazing how much can change in just a few days. Canada’s Agriculture Day on Feb. 11 brought together […] Read more
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