Crops , Latest & Featured - Canadian Cattlemen

ICE weekly outlook: Canola hangs tough with loonie

By Dave Sims February 11, 2015

CNS Canada –– ICE Futures Canada canola contracts were rangebound for the week ended Wednesday, but managed to post slight gains overall as a weaker Canadian dollar supported values. “Weakness in the Canadian dollar is the underlying supportive factor,” said Keith Ferley of RBC Dominion Securities in Winnipeg. Funds are very long right now, he […] Read more

Kellie Leitch speaking in Ottawa in March 2014. (Labour.gc.ca)

Crops, Machinery, Reuters

Labour minister says CP, engineers urged to bargain

By Reuters February 11, 2015

Vancouver | Reuters — Federal Labour Minister Kellie Leitch on Wednesday said she was encouraging the parties at Canadian Pacific Railway (CP) to bargain, but declined to speculate on what Ottawa might do if workers went out on strike. CP said its managers will be ready to take over if the railway’s engineers and conductors […] Read more

Crops, Markets, Reuters

U.S. grains: Soybeans, wheat turn higher on bargain buying

By Michael Hirtzer February 11, 2015

Chicago | Reuters — U.S. wheat and soybeans were narrowly higher on Wednesday, rebounding from losses earlier in the session on support from bargain buying and active spread trading after prices tumbled following a bearish government crop report released on Tuesday. Corn futures trimmed losses but still finished lower at the Chicago Board of Trade, […] Read more

Crops, Reuters

Colombia’s coffee sector seen needing complete overhaul

By peter-murphy February 10, 2015

Bogota | Reuters –– Colombia’s coffee sector needs a complete overhaul to recover from a huge loss of global market share, says a government-commissioned report, seen by Reuters, in which the recommendations include deregulation of exports and the introduction of a minimum price. Despite the undisputed quality of its mild arabica coffees, Colombia now supplies […] Read more

Crops, Machinery, Markets

CP conductors, engineers serve strike notice

By Canadian Cattlemen Staff February 10, 2015

Unionized engineers and conductors on Canadian Pacific Railway’s (CP) trains have served formal notice they’ll strike Sunday, barring a negotiated deal with the company. The Teamsters Canada Rail Conference (TCRC), which represents CP’s locomotive engineers, conductors, trainmen and yardmen, said Tuesday it’s notified CP that the affected workers will strike effective 12:01 a.m. Sunday “in […] Read more

Crops, Markets, Reuters

U.S. grains: Wheat falls one per cent on USDA outlook

By Michael Hirtzer February 10, 2015

Chicago | Reuters — U.S. wheat futures fell 1.5 per cent on Tuesday, declining for the first time in four sessions after the U.S. Department of Agriculture in a monthly report estimated world ending stocks larger than analysts anticipated. Soybean futures shed one per cent while corn was narrowly lower. Prices for all three crops […] Read more

Crops, Markets

Bulk shipping cost index sinks to 30-year lows

By Phil Franz-Warkentin February 10, 2015

CNS Canada –– The Baltic Dry Index, which tracks global bulk shipping rates, has fallen to its lowest levels in 30 years, which should make North American grains and oilseeds more competitive in the international market. The index (BDI) was quoted Monday at 554 points, the lowest reading since records start in 1985. The index […] Read more

Crops, Markets, Reuters

U.S. West Coast port operations resume, more labour talks scheduled

By Steve Gorman February 9, 2015

Los Angeles | Reuters — U.S. West Coast port operations resumed in full on Monday after shipping companies suspended loading and unloading of freighters for the weekend, citing chronic cargo backups the shippers and dockworkers have blamed on each other during months of labour tensions. Reopening of the ports to cargo vessels idled by the […] Read more

Crops, Machinery

Strike vote passes for CP engineers, conductors

By Canadian Cattlemen Staff February 9, 2015

Canadian Pacific Railway’s unionized conductors and engineers have voted to give themselves a trump card in talks with the company for a new contract. Eligible employees voted 93 per cent in favour of strike action “if necessary” to reach a negotiated settlement with the company, according to their union, the Teamsters Canada Rail Conference (TCRC). […] Read more

Crops, Markets, Reuters

Brazil’s grain traders fear monopoly if rail merger allowed

By Reuters February 9, 2015

Sao Paulo | Reuters –– Brazil’s grain industry association, Abiove, said on Monday the takeover of the main railway operator America Latina Logistica (ALL) by Rumo, the logistic arm of the biggest sugar and ethanol producer Cosan, could create a monopoly and hurt competition. Cade, Brazil’s antitrust agency, is due to rule Wednesday on the […] Read more

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Crops

ICE weekly outlook: Canola hangs tough with loonie

Labour minister says CP, engineers urged to bargain

U.S. grains: Soybeans, wheat turn higher on bargain buying

Colombia’s coffee sector seen needing complete overhaul

CP conductors, engineers serve strike notice

U.S. grains: Wheat falls one per cent on USDA outlook

Bulk shipping cost index sinks to 30-year lows

U.S. West Coast port operations resume, more labour talks scheduled

Strike vote passes for CP engineers, conductors

Brazil’s grain traders fear monopoly if rail merger allowed

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