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File photo of a BNSF grain train crossing the Gassman Coulee trestle near Minot, North Dakota. (Photo courtesy BNSF Railway)
Crops

Biden administration makes case for quick Senate vote to avoid rail shutdown

Bill imposing deal on workers clears House

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Washington | Reuters — The Biden administration on Thursday urged the U.S. Senate to quickly pass a bill to block a railroad strike, warning that serious economic disruptions could be felt within days. The U.S. House of Representatives on Wednesday voted to approve a bill to impose a tentative contract deal reached in September on
(Mysticenergy/iStock/Getty Images)
Weather

Environment Canada sees ‘average’ Prairie winter ahead

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MarketsFarm — An ‘average’ winter is in the forecast for most of the Canadian Prairies, according to the latest long-range seasonal forecast for December through February from Environment Canada, released Wednesday. The government department is calling for normal temperatures across all the agricultural areas of the three Prairie provinces — aside from the northernmost reaches
(Vonkara1/E+/Getty Images)
Crops, Markets, Weather

Opinions divided ahead of StatCan production report

Agency's previous estimates model-based

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MarketsFarm — Ahead of the crop production report from Statistics Canada (StatCan) due out Friday, trade expectations are above and below what the federal agency estimated in September. In August, and in September, StatCan issued production reports based on a satellite model and without any input from farmers filling out surveys. That has caused some
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
U.S. President Joe Biden tours a manufacturing lab at McHenry County College during a visit to northwest Chicago suburb Crystal Lake on July 7, 2021. (Photo: Reuters/Evelyn Hockstein)
Crops

Biden says administration engaged in talks to avert U.S. railroad strike

CN's U.S. operations would be affected

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Nantucket | Reuters — U.S. President Joe Biden said on Thursday that his administration was involved in negotiations to avert a looming U.S. railroad strike that could shut down supply chains across the country but added that he has not directly engaged on the matter yet. Speaking to reporters outside a fire station on Nantucket
A G-Mac’s custom seed treatment unit loads a truck with treated peas in a 2020 video screengrab. (G-Mac’s AgTeam via YouTube)
Crops

Simplot to buy western Saskatchewan ag retail chain

G-Mac's AgTeam to rebrand under Simplot name

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An independent crop input retail chain in western Saskatchewan is set to become part of agrifood firm J.R. Simplot’s retail arm. Simplot announced Nov. 15 it has a deal in place to buy G-Mac’s AgTeam, which owns and operates 15 outlets in the region, for an undisclosed sum. The deal, which will see the G-Mac’s
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
(Dave Bedard photo)

Cargill names new CEO

Former proteins boss to lead firm

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Reuters — Cargill Inc. said on Monday Brian Sikes will take over as the global commodities trader’s new president and CEO effective Jan. 1. Sikes will succeed Dave MacLennan, who has served as Cargill’s CEO and chairman since 2013. MacLennan will now assume the role of executive chair of Cargill’s board of directors and will
(Dave Bedard photo)
Crops, Markets

AAFC report sees another series of tweaks

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MarketsFarm — As expected, Agriculture and Agri-Food Canada (AAFC) avoided making any major revisions to its November supply and demand estimates, waiting until Statistics Canada issues its next production report on Dec. 2. AAFC released its latest monthly report late Friday afternoon. While AAFC tweaked its November supply and demand estimates from October, most of

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