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Grain handling

(File photo by Dave Bedard)
Crops, Reuters

U.S. regulator approves CP’s purchase of Kansas City Southern

Two U.S. grain grower groups warn of reduced rail competition

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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
File photo of Highway 363 near Moose Jaw, Sask. (Mysticenergy/iStock/Getty Images)
General, Machinery, Weather

Spring road bans loom across Prairies

Mid-March weight limits pending for heavy trucks

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MarketsFarm — The looming spring melt across Western Canada will likely disrupt some grain and livestock movement over the next few weeks, as seasonal spring road restrictions come into effect across the Prairies. Spring road restrictions set axle weight limits for vehicles moving on certain roads to reduce the damage heavier loads can cause during […] Read more
File photo of a CN locomotive. (Dave Bedard photo)
Crops, Machinery

CN’s mechanics vote in favour of strike action

Company says rail operations 'will continue'

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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
File photo of a docked grain vessel at a Black Sea port in Turkey. (Bfk92/E+/Getty Images)
Crops, Markets

Bulk ocean freight rates recover off lows

Container rates remain in downtrend

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MarketsFarm — Ocean freight rates have shown some strength in late February, with the Baltic Dry Index (BDI) recovering off two-and-a-half-year lows hit earlier in the month. The BDI, a major indicator of bulk shipping rates, has risen for seven straight sessions to settle Monday at 935 points, up from the low of 530 points […] Read more
(Olymel video screengrab via YouTube)
Livestock, Markets

Sollio books deeper loss for 2022

Olymel's fresh pork business takes biggest hit

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Domestic and international market-moving events have dragged hard on the year-end bottom line for Sollio Cooperative Group, particularly in its fresh pork business. Quebec-based Sollio — which operates the ag input and farm service business Sollio Agriculture, meat packer Olymel and hardware retailer BMR — on Thursday reported full-year revenues of $8.876 billion for its […] Read more
(CPR.ca)
Crops, Weather

Absence of issues leads to January record for grain movement

CN, CP so far see 'calamity-free' 2022-23

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MarketsFarm — So far this winter grain movement in Canada has yet to incur few — if any — major problems that have stymied rail shipments, according to Mark Hemmes, president of Quorum Corp., which tracks rail movement in Canada. Canadian Pacific Railway and Canadian National Railway (CP, CN) have been doing good jobs during […] Read more
Dr. Digvir Jayas. (University of Manitoba photo)
Crops

Acclaimed Manitoba stored grain researcher now Alberta bound

Digvir Jayas named president at University of Lethbridge

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A leading Canadian researcher and expert in safe storage of grain is headed westbound and up to the head office at another Prairie university. Dr. Digvir Jayas, currently on sabbatical as professor and vice-president (research and international) at the University of Manitoba, will become president and vice-chancellor at the University of Lethbridge effective July 1 […] Read more
Nigeria’s President Muhammadu Buhari speaks at the Dakar summit under the theme “Nourrir l’Afrique” (Feed Africa) hosted by the African Development Bank and the African Union Commission on Jan. 25, 2023. (Photo: Reuters/Ngouda Dione)
General, Markets, Reuters

Development partners commit US$30 billion to food production in Africa

Continent facing record-level hunger

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Dakar | Reuters — Development partners have committed US$30 billion to boost food production in Africa over the next five years, the president of the African Development Bank said on Friday at the close of a summit on food security on the continent. The continent is facing its worst food crisis ever, with more than […] Read more
(Photo courtesy Canada Beef Inc.)
Cereals, Crops, Markets

Feed weekly outlook: Prices slip during quiet January

Shortages of trucks, drivers still trouble cattle sector

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MarketsFarm — With January being a quiet time there’s isn’t a whole lot of direction for feed grains, according to Brandon Motz of CorNine Commodities at Lacombe, Alta. Prices for feed barley and wheat have been slowing slipping, he said — especially with feedlots not having to buy and farmers not needing to sell — […] Read more

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