While producers could feel the pinch of a strike at the Port of Vancouver's grain terminals within a week, the markets won't feel much of a hit unless the strike continues for three or four weeks, analysts said.
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Exports could take a hit as Vancouver grain terminals workers strike
Port of Vancouver grain workers walk off the job
Grain terminal workers at the Port of Vancouver are on strike this morning as shown by video posted by local media on X. Video from CityNews Vancouver shows workers picketing outside of Viterra's Cascadia terminal.
U.S. grains: Soybeans climb on supply risks, short-covering; corn, wheat also up
Chicago Board of Trade soybean futures hit nearly a seven-week high on Monday as uncertainty about Brazilian planting weather and the size of the U.S. harvest sparked a round of fund-driven short-covering, analysts said.
Canola net short position grows
The net fund short position in canola grew in mid-September, as speculative selling took the futures to contract lows, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Port of Vancouver elevator strike will have ‘devastating impact’ on farmers say Grain Growers
On Sept. 21, Grain Workers Union Local 333 issued a 72-hour strike notice to terminal operators represented by the Vancouver Terminal Elevators Association (VTEA). According to a letter posted to the union's Facebook page, workers will walk off the job on Tuesday morning.
U.S. grains: Chicago corn dips, soybeans steady on big expected yields
Chicago corn futures ticked down and soybean futures hovered near unchanged on Friday with seasonal harvest pressure on the rise.
NWT closes Unity elevator for foreseeable future
North West Terminal Ltd. in Unity, Saskatchewan, has idled its grain elevator after several years of losses.
Canola at $600/tonne — will it or won’t it?
Lowered StatCan estimates provide fuel for the fire in the canola market
Statistics Canada's downward revision of the Canadian canola crop led prices to increase during the week ended Sept. 19. However, it's uncertain whether the November contract will reach the psychological level of $600/tonne.
Louis Dreyfus first half profit drops as grain supply swells
LDC, one of the world's largest crop traders and processors whose competitors include ADM, Bunge and Cargill, said its core earnings (EBITDA) were $1.057 billion (C$1.434 billion) in the first six months of 2024, against $1.169 billion (C$1.586 billion) a year earlier.
U.S. grains: Wheat and corn ease on uninspiring export sales
Chicago corn and wheat futures ticked down on Thursday following lackluster export sales data released by the U.S. Department of Agriculture. Soybeans were dragged along for the ride despite more encouraging numbers, said analysts.