(File photo by Dave Bedard)

CP to lock out engineers, conductors starting Sunday

'Cannot prolong the uncertainty,' CEO says

Canadian Pacific Railway has served its unionized engineers, conductors and train and yard service staff with notice of a lockout to start just after midnight ET on Sunday, unless the company and union agree on a new labour deal by then. Calgary-based CP and the Teamsters Canada Rail Conference (TCRC), which represents about 3,000 CP

CBOT May 2022 wheat (candlesticks) with MGEX May 2022 spring wheat (yellow line) and K.C. May 2022 hard red wheat (orange line). (Barchart)

U.S. grains: May wheats limit-down as peace talks progress

Chicago corn, soybeans also lower

Chicago | Reuters — U.S. wheat futures fell by their daily maximum on Wednesday as investors weighed whether talks between Ukraine and Russia could lead to a ceasefire in the three-week-long war, while rain forecast in the U.S. Plains eased concerns about parched crops. Corn ended lower as the talks between Moscow and Kyiv tempered





CBOT May 2022 wheat (candlesticks) with MGEX May 2022 spring wheat (yellow line) and K.C. May 2022 hard red wheat (orange line). (Barchart)

U.S. grains: Wheat up on Russian export suspension, U.S. drought

Corn futures firm, soy down

Chicago | Reuters — Chicago Board of Trade wheat futures gained on Tuesday, supported as export curbs by Russia fuelled concerns about global supply, while traders see the recent decline as an opportunity for bargain buying. Soybeans fell in reaction to investor worries that renewed coronavirus outbreaks in China could curb demand, while corn traded

(File photo by Dave Bedard)

Canadian and U.S. shippers brace for possible CP strike

Strike notice not yet given

Winnipeg | Reuters — Thousands of workers at Canada’s second-biggest railway, Canadian Pacific Railway, have threatened to strike this week, potentially disrupting the movement of grain, potash and coal at a time of soaring commodity prices. The strike is the latest risk to Canada’s battered supply chain, which last year weathered floods in British Columbia


CME April 2022 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. livestock: CME cattle, hogs firm amid market uncertainty

Chicago | Reuters — Chicago Mercantile Exchange cattle futures climbed on Monday as traders attempted to make sense of changing trade restrictions and allowances. “The market’s trying to sort out all these trade protection measures,” said Alan Brugler, president of Brugler Marketing. “Everybody seems to want imports, and nobody wants to export anything.” CME April




File photo of a combine harvesting a wheat crop in Ukraine. (SergBob/iStock/Getty Images)

Traders consider exporting Ukraine grain by rail

Lviv | Reuters — Traders are trying to arrange the export of Ukrainian-origin grain by train through western Ukraine’s borders, but the export capacities are very limited, APK-Inform agriculture consultancy said Friday. Ukraine’s state-run railway operator said this week it was ready to organize agricultural exports by rail as a matter of urgency after closure