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(PortoDoItaqui.ma.gov.br)
Crops, Machinery, Markets, Reuters

Smaller vessels bump up ocean freight index

By
Reuters — The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, marginally rose on Friday on improved rates for smaller vessels. The overall Baltic Dry Index (BDI), which gauges the cost of shipping resources including iron ore, cement, grain, coal and fertilizer, rose for the sixth consecutive session by […] Read more
DuPont’s headquarters in Delaware. (DuPont.com)
Crops, Reuters

DuPont, Dow set home towns for merged spinoff units

By
Reuters — DuPont and Dow Chemical said two of the three units to be created and spun off following the companies’ mega-merger will be based in DuPont’s home town, and one in Dow’s home town. The two chemical companies agreed to combine in an all-stock merger in December, valued at US$130 billion at the time, […] Read more
(PortOfThunderBay.com)
Crops, Weather

Ice-free Great Lakes mean sunny outlook for seaway

By
CNS Canada — A lack of ice on the Great Lakes means Canada’s St. Lawrence Seaway will start shipping grain earlier than last year. Last year the seaway’s opening was delayed until the beginning of April, due to the amount of ice in the system, according to Bruce Hodgson, director of market development for St. […] Read more
(Nufarm.com)
Crops

Re-evaluation leads to retirement for Amitrol herbicide

By
Health concerns raised during the federal re-evaluation of Nufarm’s pre-seeding burndown herbicide Amitrol 240 have led the company to stop selling the product for nearly all uses in Canada, starting later this summer. The company said Wednesday it will retire Amitrol — a non-selective Group 11 liquid whose active ingredient, amitrole, has been on the […] Read more
(Commercial Port of Vladivostok, vmtp.ru)
Crops, Machinery, Markets

Baltic index slips to fresh low, demand concerns persist

By
Reuters — The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying industrial commodities, slipped to another all-time low Tuesday on worries about vessel oversupply and slowing global demand. The overall index, which gauges the cost of shipping dry bulk including iron ore, cement, grain, coal and fertilizer, fell four points or […] Read more
(CN.ca)
Crops, Machinery

CN to challenge latest grain revenue penalty

By
Ordered to hand over more than $7 million in Prairie grain handling revenue and related fines for the 2014-15 crop year, Canadian National Railway now plans to challenge the bill in court. Montreal-based CN on Monday filed in the Federal Court of Appeal, seeking leave to appeal the Canadian Transportation Agency’s (CTA) Dec. 29 finding […] Read more
(Dave Bedard photo)
Crops, Machinery

CP cuts raise worry over potential slowdown

By
CNS Canada –– Canadian Pacific Railway’s decision to cut 1,000 jobs has caught the attention of two Prairie farm leaders. Norm Hall, president of Agricultural Producers Association of Saskatchewan, worries the move is short-sighted and may catch up with the railway in months and years to come, when commodity prices catch fire again. “You dump […] Read more
(CN.ca)
Crops, Machinery

CN’s 2015 grain handle down, grain revenue up

By
Canadian National Railway’s (CN) fourth-quarter and full-year ledgers show lower traffic, but increased revenue, from its grain and fertilizer business in 2015, en route to record full-year earnings. Montreal-based CN on Tuesday reported overall net income of $3.538 billion on $12.611 billion in total revenues for 2015, up from $3.167 billion on $12.134 billion for […] Read more
(PortoDoItaqui.ma.gov.br)
Crops, Machinery, Reuters

Vessel demand concerns extend Baltic index fall

By
Reuters — The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying industrial commodities, extended its record low run to a 14th straight session on Friday on persistent vessel glut and weak demand. The overall Baltic Dry Index, which gauges the cost of shipping dry bulk including iron ore, cement, grain, coal […] Read more
(CPR.ca)
Crops, Machinery

CP books more Prairie grain revenue at year-end

By
Higher grain revenue on Canada’s Prairies helped lead to record full-year revenues and offset a lower fourth-quarter gross for Canadian Pacific Railway (CP), as the company warned of substantial job cuts ahead. The railway on Thursday reported overall net income of $1.352 billion on record revenue of $6.712 billion for 2015, down from $1.476 billion […] Read more

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