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A G-Mac’s custom seed treatment unit loads a truck with treated peas in a 2020 video screengrab. (G-Mac’s AgTeam via YouTube)
Crops

Simplot to buy western Saskatchewan ag retail chain

G-Mac's AgTeam to rebrand under Simplot name

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An independent crop input retail chain in western Saskatchewan is set to become part of agrifood firm J.R. Simplot’s retail arm. Simplot announced Nov. 15 it has a deal in place to buy G-Mac’s AgTeam, which owns and operates 15 outlets in the region, for an undisclosed sum. The deal, which will see the G-Mac’s […] Read more
A freighter is loaded with grain from a terminal at Vancouver’s Burrard Inlet. (Maxvis/iStock/Getty Images)
Crops, Markets

Ocean freight rates under pressure

Container rates also lower

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MarketsFarm — Ocean freight rates have come under pressure over the past month, nearing their lowest levels of 2022 as mounting COVID-19 cases in China, along with increased restrictions in the country, have contributed to concerns over declining demand. The Baltic Dry Index (BDI), a major indicator of bulk shipping rates, settled at 1,149 points […] Read more
BNSF crews clear track near Lemmon, S.D., about 300 km northeast of Rapid City, in late December 2016. (BNSF.com)
Crops, Machinery, Reuters

Biggest U.S. rail union rejects tentative deal, raising threat of strike

Union digs in on paid sick time

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Washington/Los Angeles | Reuters — Workers at the largest U.S. rail union voted against a tentative contract deal reached in September, raising the possibility of a year-end strike that could cause significant damage to the U.S. economy and strand vital shipments of food and fuel. Train and engine service members of the transportation division of […] Read more
Grain ships carrying Ukrainian grain are seen in the Black Sea, amid Russia’s attack on Ukraine, near Ukrainian port of Odesa, Ukraine Oct. 30, 2022. (Photo: Reuters/Serhii Smolientsev)
Crops, Reuters

Black Sea grain export deal extended

Deal's terms unchanged; Moscow to still seek removal of obstacles to grain, fertilizer exports

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Reuters — A deal aimed at easing global food shortages by helping Ukraine export its agricultural products from Black Sea ports was extended for four months on Thursday, though Russia said its own demands were yet to be fully addressed. The agreement, initially reached in July, created a protected transit corridor and was designed to […] Read more
Cargo ship Despina V, carrying Ukrainian grain, is seen in the Black Sea off Kilyos near Istanbul, Turkey on Nov. 2, 2022. (Photo: Reuters/Umit Bektas)
Crops, Markets, Reuters

Reasons for optimism seen on renewal for Ukraine grain deal

Deal set to roll over on Saturday

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Reuters — A United Nations source on Wednesday said they have reasons to be “cautiously optimistic” on the renewal of a Black Sea grains export agreement, which is set to roll over on Saturday unless there are objections. The U.N.-backed agreement on July 22 allowed grain shipments to resume from certain Ukrainian ports on the […] Read more
Andre Fortin, shown here at right in September at a community fair at Shawville, Que., about 75 km northwest of Ottawa, is the Quebec Liberals’ new critic for agriculture and health. (Andre Fortin via Facebook)
General

Quebec Liberals’ new ag critic to also handle health file

Fortin to also handle regional development, forestry

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A quick re-shuffling of shadow cabinet responsibilities will see the agriculture critic for Quebec’s provincial opposition Liberals now also handle the health file. The Liberals’ interim leader Marc Tanguay — who took over after the Nov. 7 resignation of Dominique Anglade following the Oct. 3 general election — announced Tuesday that Andre Fortin, the party’s […] Read more
File photo of a CN locomotive in Chicago. (Photo courtesy CN)
Crops, Machinery, Reuters

Third U.S. union rejects national rail contract deal

Two major unions' decisions due next week

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Washington | Reuters — A third U.S. rail union voted on Monday to reject a tentative national contract reached in September, but expects to continue negotiating to reach a deal. The International Brotherhood of Boilermakers (IBB), which represents about 300 U.S. rail employees, rejected the agreement, said the union and the National Carriers’ Conference Committee […] Read more
U.S. special presidential envoy for climate John Kerry and Agriculture Sectretary Tom Vilsack applaud U.S. President Joe Biden’s speech at the COP27 climate summit at Sharm el-Sheikh, Egypt on Nov. 11, 2022. (Photo: Reuters/Kevin Lamarque)
General, Reuters, Weather

Farm climate innovation commitments at COP27 double to US$8 billion

Agriculture could outpace other industries to net zero: Vilsack

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Sharm el-Sheikh, Egypt | Reuters — An initiative led by the United States and the United Arab Emirates to help agriculture adapt to climate change and reduce emissions through innovation has doubled investment commitments to US$8 billion and extended its reach, it said on Friday. The Agriculture Innovation Mission for Climate (AIM for Climate) was […] Read more
A freight train at Manchac, La., about 75 km east of Baton Rouge. (CN.ca)
Crops, Machinery, Reuters

U.S. railroads, union extend strike deadline until at least Dec. 4

Teamsters warn against 'blatant attempt to cause panic'

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Washington | Reuters — A group representing major railroads and a union that voted to reject a new contract said Wednesday they had agreed to extend a potential strike deadline until at least Dec. 4. The National Carriers’ Conference Committee (NCCC) and the International Brotherhood of Teamsters (BMWED) that represents 11,000 workers extended the current […] Read more
Photo: iStock/Getty Images Plus
Markets, Reuters

Nutrien cuts 2022 profit forecast again on lower potash prices

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Reuters – Nutrien Ltd NTR.TO on Wednesday cut its full-year adjusted earnings forecast for the second time this year as potash prices decline, sending the shares of the world’s biggest fertilizer maker down nearly 5 per cent in extended trading. The company also missed third-quarter profit estimates, hurt by cooling prices of crop nutrients as farmers cut fertilizer application […] Read more

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