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Crops, Markets

Virus fears weigh on global shipping sector

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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
Crops, Machinery & Shop, Markets

CN conductors approve post-strike deal

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Canadian National Railway’s conductors and yard workers have voted for at least another two and a half years of labour peace with the company. The affected employees, members of the Teamsters Canada Rail Conference, voted 91.3 per cent to ratify a three-year contract with CN, retroactive to last July 23, the union said in a […] Read more
There’s nothing unusual about loading up a semi, unless it’s being done on behalf of someone trying to 
steal the grain — which was the case in Strathcona County last month.
Crops, News

Attempted grain theft thwarted by vigilant neighbour

Such incidents are rare but can happen, say RCMP, adding it pays to let neighbours know when you’re away

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Getting to know your neighbours and keeping them informed about your plans can help keep your farm safe. A “keen-eyed citizen” was immediately suspicious after seeing grain being loaded from bins on a neighbour’s farm near Josephburg, northeast of Edmonton, in early December. The neighbour knew the farmer was away and so called the Strathcona […] Read more
Crops

Thunder Bay wraps up active shipping season

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MarketsFarm — The last cargo vessel of the year departed the Port of Thunder Bay on Sunday, bringing total cargo shipments through the facility to their highest level in half-a-decade. “Strong shipments of Prairie-grown grain and other dry bulk commodities from Western Canada buoyed the port’s cargo tonnage to 9.3 million metric tonnes, the highest […] Read more
Crops, Reuters

CN kicks off recovery after eight-day strike

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Reuters –– Canadian National Railway on Thursday said it was putting a recovery plan in place while ramping up operations after the country’s biggest rail strike in a decade. The eight-day-long work stoppage at Canada’s largest railroad sent shocks through the country’s economy with grain and propane shipments scuttled. The strike by about 3,200 conductors […] Read more
Crops, Machinery & Shop, Reuters, Weather

Propane shortage looms as CN strike hits third day

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Winnipeg/Ottawa | Reuters — Shippers scrambled to shift freight onto trucks on Thursday as a strike at Canada’s biggest railroad, Canadian National Railway, hit its third day, leaving the critical fuel propane and other goods stranded. Some 3,200 unionized employees, including conductors and yard workers, hit picket lines on Tuesday in the biggest such action […] Read more
Crops

CN conductors on strike

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Unionized conductors, trainpersons and yard workers at Canadian National Railway are on strike as of Tuesday morning. The Teamsters Canada Rail Conference (TCRC), whose CTY arm represents about 3,000 unionized CN staff, announced late Monday its members would stop work at 12:01 a.m. ET Tuesday. “Unfortunately, we were unable to reach a deal with CN,” […] Read more
Crops

Third-quarter grain handle down for CN, CP

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Canada’s Big Two railways both booked reduced traffic but increased their revenue per carload in their grain handling segments for their third fiscal quarters ending Sept. 30. Canadian National Railway on Tuesday reported third-quarter net income of $1.195 billion on $3.83 billion in total revenues, up from $1.134 billion on $3.688 billion in the year-earlier […] Read more
Canola, Crops

Canola shipments boost Thunder Bay port activity

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MarketsFarm — Cargo movement through the Port of Thunder Bay is running ahead of the previous year’s pace, with some of the extra movement tied to increased canola exports to Europe, according to the latest data from the port authority. Total cargo movement in September of 1.1 million tonnes compares with the 919,386 tonnes reported […] Read more
Livestock, Reuters

Cargill’s quarterly profit up on beef, egg demand

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Chicago | Reuters — Global commodities trader Cargill reported a three per cent increase in adjusted quarterly profit on Thursday, citing strong consumer demand for meat and eggs in North America and growth in its animal nutrition businesses. Cargill, the largest privately held U.S. company, said its adjusted operating earnings rose to $908 million in […] Read more

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AGCanadaTV: In Case You Missed It – Your National Ag News Recap for the week ending February 14, 2020.

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