Most of Manitoba’s fall rye and winter wheat crops came off the ground, while the harvesting of other crops for the most part started during the week ended Aug. 19, according to the province’s weekly crop report.
Days before Statistics Canada presents its monthly principal field crop estimates, Agriculture and Agri-Food Canada (AAFC) released its estimates on Aug. 20, showing some changes to grains from the month before.
Nearly three dozen North American agriculture groups, in a joint letter to the U.S. and Canadian governments today, urged action to avoid a rail stoppage.
Chicago soybean futures rallied on Monday, recovering from nearly four-year lows as traders waited to see if a major field tour this week will support expectations of bumper U.S. yields.
Canada's freight rail network could come to a grinding halt this week, inflicting a huge economic toll after the country's two largest railroad operators on Sunday issued lockout notices to the Teamsters union that represents nearly 10,000 workers.
In the days since August 9, panic has begun setting in within the agricultural industry. The country has never seen a labour dispute that resulted in a strike or lockout from both of Canada’s rail companies. With harvest ramping up, a suspension of rail services would be disastrous for the industry.
Chicago Board of Trade soybeans and corn futures turned lower on Friday, with both also notching a third weekly loss, as farmers kept clearing out their grain bins ahead of a U.S. harvest that is forecast to see massive yields, traders said.