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(Luca Piccini Basile/iStock/Getty Images)
Markets

Farm equipment demand to remain high, FCC says

Low inventories, high commodity prices and a good crop place pressure on demand

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Demand for farm equipment should remain high through 2023 despite higher interest rates and projected price increases, according to Farm Credit Canada. The federal ag lender has released an outlook on the farm equipment market that analyzed data and trends that affect the market. While the outlook attributes much of the current demand to relatively
File photo of a BNSF grain train crossing the Gassman Coulee trestle near Minot, North Dakota. (Photo courtesy BNSF Railway)
Crops, Markets

Biden asks Congress to avert U.S. rail strike

U.S. president warns of dire economic impact

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Washington | Reuters — U.S. President Joe Biden on Monday called on Congress to intervene to avert a potential rail strike that could occur as early as Dec. 9, warning of a catastrophic economic impact if railroad service ground to a halt. Biden asked lawmakers to adopt the tentative deal announced in September “without any
A freighter is loaded with grain from a terminal at Vancouver’s Burrard Inlet. (Maxvis/iStock/Getty Images)
Crops, Markets

Ocean freight rates under pressure

Container rates also lower

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MarketsFarm — Ocean freight rates have come under pressure over the past month, nearing their lowest levels of 2022 as mounting COVID-19 cases in China, along with increased restrictions in the country, have contributed to concerns over declining demand. The Baltic Dry Index (BDI), a major indicator of bulk shipping rates, settled at 1,149 points
File photo of steam rising from the top of a grain dryer. (Diane Kuhl/iStock/Getty Images)
Weather

New farm fuel carbon tax rule to return to Commons

Further carbon pricing exemptions clear ag committee, with sunset clause added

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A bill that would exempt more farm fuels from Canada’s federal carbon pricing scheme has cleared the Commons’ ag committee and returned to the House of Commons to seek a third and final vote. C-234, a private member’s bill sponsored by southwestern Ontario Conservative MP Ben Lobb, appeared before the Commons’ standing committee on agriculture
File photo of a CN locomotive in Chicago. (Photo courtesy CN)
Crops

Third U.S. union rejects national rail contract deal

Two major unions' decisions due next week

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Washington | Reuters — A third U.S. rail union voted on Monday to reject a tentative national contract reached in September, but expects to continue negotiating to reach a deal. The International Brotherhood of Boilermakers (IBB), which represents about 300 U.S. rail employees, rejected the agreement, said the union and the National Carriers’ Conference Committee
File photo of barley being unloaded at a grain terminal in Ukraine on June 23, 2022. (Photo: Reuters/Igor Tkachenko)
Crops, Markets

Ukrainian farmers turn to U.N.-supplied grain sleeves for storage

'Last year's harvest still hasn't been sold'

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Kyiv | Reuters — On a crisp and sunny November morning, Ukrainian farmers lined up to collect U.N.-supplied grain sleeves to store crops over winter as the country faces a significant shortage of storing capacity caused by Russian shelling. Ukraine has said it may lack up to 15 million tonnes of regular grain storage capacity
Railway shipping record a hopeful sign, but consistency key to success
News

Railway shipping record a hopeful sign, but consistency key to success

WGEA says early success shows potential but the railways will need to stay on top of their game

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The Western Grain Elevators Association (WGEA) says Canadian National Railway’s report of a record week for grain shipments is good news, but it is looking for consistency. “Even an amateur golfer can hit a hole in one once in a while, but the pros hit a good ball consistently,” says Wade Sobkowich, WGEA executive director.
File photo from a Teamster-represented engineers’ picket at CN in Winnipeg in 2009. (Dave Bedard photo)
Crops

Unions rip supply chain report’s language on strikes

Task force calls for 'new labour relations paradigm'

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Recommendations from the federal government’s National Supply Chain Task Force to strengthen the country’s supply chains have drawn a cheer but also one significant jeer from unions in the transport sector. The task force’s final report, released Oct. 6, offered up 21 recommendations aimed at easing congestion in Canada’s ports, filling labour shortages and improving
“It seems to be a series of wish lists by lobby groups in the guise of a national plan.” – Barry Prentice.
News

Supply chain report draws praise and criticism

Pandemic revealed supply chain fragility, but remedies won’t be easy

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A report released by the federal task force charged with fixing the recent supply chain crisis is getting mixed reviews from industry experts. The final report of the National Supply Chain Task Force (see full report at bottom) draws upon recommendations and consultations with industry stakeholders in a strategy to avert a crisis like the

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