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File photo of picketing federal workers represented by the Public Service Alliance of Canada (PSAC) at Gatineau, Que. on April 20, 2023. (Photo: Reuters/Blair Gable)
Crops

Federal workers reach tentative deal

Over 120,000 PSAC members back on job Monday

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Over 120,000 striking federal government employees are expected to return to work starting Monday morning (May 1) after reaching tentative agreements overnight. The Public Service Alliance of Canada (PSAC) announced after midnight Monday it had reached tentative agreements for workers in four bargaining units who negotiate with the federal Treasury Board of Canada Secretariat. Among […] Read more
(Orchidpoet/iStock/Getty Images)
Crops, Machinery

Go bigger on interswitching pilot, grain groups urge Ottawa

Railways say the measure creates inefficiencies; farm groups say the opposite is true

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Farm groups from across the country are asking producers to lobby federal ministers and MPs and urge them to super-size a government proposal for what’s called ‘extended interswitching.’ The measure, part of this spring’s federal budget, essentially gives grain shippers a choice in which railway they deal with (as long as the competitor’s line is […] Read more
(Limagrain.com)
Crops, Reuters

Limagrain offers to buy out seed maker Vilmorin

Pride Seeds co-owner has majority stake in veg seed firm

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Paris | Reuters — French agricultural co-operative Limagrain has offered to buy the 28.78 per cent of Vilmorin it does not already own in a deal that values one of the world’s biggest seed suppliers at 1.43 billion euros (C$2.13 billion). Limagrain said on Friday it was offering 62.60 euros per Vilmorin share, a premium […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat

Prairie cash wheat: Bids drop sharply

U.S. wheat futures well down on week

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MarketsFarm — Spring wheat bids in Western Canada dropped sharply lower during the last week of April, as a selloff in U.S. futures more than offset any support from a weaker Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $25.90-$27.50 per tonne across the Prairies, according […] Read more
Trucks wait for crossing into Poland at the Rava-Ruska border checkpoint in Ukraine’s Lviv region on April 17, 2023. (Photo: Reuters/Roman Baluk)
Crops, Markets, Reuters

Deal reached to resume Ukraine grain transit with five EU countries

Agreement includes support package for local farmers

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Brussels | Reuters — The European Commission said Friday it had reached a deal in principle to allow transit of Ukrainian grain to resume through five European Union countries that had imposed restrictions. Bulgaria, Hungary, Poland, Romania and Slovakia cited concerns that grain from Ukraine meant to be exported to other countries had ended up […] Read more
CBOT July 2023 soft red winter wheat with Bollinger bands (20,2). (Barchart)
Crops, Markets, Reuters

U.S. grains: Chicago grains up off new lows, end week higher

Wheat rebounds off another 21-month low

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Reuters — Chicago grain and soybean futures ended higher on Friday after posting fresh lows earlier as traders anticipated hefty global supplies and kept an eye on weather in the U.S. Bouts of short covering ahead of the weekend lifted contracts after corn, soy and wheat futures all struck multi-month lows this week. Recent rains […] Read more
Picketers with the Public Service Alliance of Canada (PSAC) on strike at Gatineau, Que. on April 20, 2023. (Photo: Reuters/Blair Gable)
Crops

PSAC federal worker strike could hit at grain transport

Prolonged strike could cause grain shipment delays, lead to demurrage costs

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The Public Service Alliance of Canada (PSAC) strike is drawing fire from Canadian agricultural commodity groups — mostly concerned with how grain transportation could be disrupted. The Western Canadian Wheat Growers Association issued a strongly worded press release on Tuesday after striking picketers targeted Vancouver’s Cascadia grain terminal, co-owned by Viterra and Richardson International. “A […] Read more
(File photo by Dave Bedard)
Crops, Machinery

‘Unexpectedly high’ fuel costs lift railways’ revenue index

VRCPIs for CN, CP increased for 2023-24

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The index that determines how much Prairie grain handling revenue Canada’s big two railways get to keep will be raised in the coming crop year, mainly on way-higher-than-expected fuel costs. The Canadian Transportation Agency (CTA) on Thursday announced the volume-related composite price index (VRCPI) for Canadian National Railway (CN) for 2023-24 will be 1.8295, up […] Read more
CBOT July 2023 soft red winter wheat with 50-day moving average, Minneapolis July 2023 hard red spring wheat (yellow line) and K.C. July 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Chicago wheat, corn hit fresh lows

Export competition, China cancellations drag on futures

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Mexico City | Reuters — Chicago wheat futures fell for a seventh straight session on Thursday and touched a 21-month low on export competition while corn hit a nine-month low, walloped by cancellations of U.S. corn sales to China. The most-active wheat contract on the Chicago Board of Trade (CBOT) dropped 12-3/4 cents to settle […] Read more
ICE July 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: StatCan’s canola area estimate questioned

Traders predict significant increase ahead

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MarketsFarm — Statistics Canada on Wednesday released its first survey-based seeding intentions report for the 2023-24 marketing year, reporting an anticipated 0.9 per cent rise in canola acres, to 21.6 million. The figure occupied the lower end of trade expectations, but StatCan recently adopted a new methodology of conducting the survey last December and January, […] Read more

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