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CBOT December 2022 soft red winter wheat (candlesticks) with 20-day moving average (green line), MGEX December 2022 spring wheat (yellow line) and K.C. December 2022 hard red wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat futures fall from two-month highs amid broad sell-off

USDA resumes weekly export sales data

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Chicago | Reuters — U.S. grain and soybean futures closed lower on Thursday, with profit-taking dragging wheat down from two-month highs, traders said. Broad-based selling added pressure on prices as traders reduced their risk amid growing warnings of a global economic slowdown, analysts said. “Inflation and recession concerns hit all markets today,” CHS Hedging said.
File photo of a BNSF grain train crossing the Gassman Coulee trestle near Minot, North Dakota. (Photo courtesy BNSF Railway)
Crops

U.S. railroad strike averted

Biden calls deal a 'win for America;' strike's impact would have reached up into Canada

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Updated | Washington | Reuters — Major U.S. railroads and unions secured a tentative deal on Thursday after 20 hours of intense talks brokered by President Joe Biden’s administration to avert a rail shutdown that could have hit food and fuel supplies across the country and beyond. Biden called the deal a “big win for
File photo of a BNSF grain train in Montana. (Photo courtesy BNSF Railway)
Crops

U.S. railways to halt grain shipments ahead of potential shutdown

Fall fertilizer traffic also at risk

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Chicago | Reuters — Some U.S. railroads will start halting crop shipments on Thursday, a day ahead of a potential work stoppage, an agricultural association and sources at two grain co-operatives said on Tuesday, threatening exports and feed deliveries for livestock. With farmers starting to harvest autumn crops that are shipped to meat and biofuels
File photo of a BNSF grain train crossing the Gassman Coulee trestle near Minot, North Dakota. (Photo courtesy BNSF Railway)
Crops

U.S. government makes contingency plans for rail shutdown

Three unions represent about 60,000 rail workers

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Washington/Los Angeles | Reuters — U.S. President Joe Biden’s administration on Tuesday made contingency plans aiming to ensure deliveries of critical goods in the event of a shutdown of the U.S. rail system while pressing railroads and unions to reach a deal to avoid a work stoppage affecting freight and passenger service. The potential shutdown,
(File photo by Dave Bedard)
Crops

CP arbitration ends in two-year deal for engineers, conductors

Dispute led to rail service outage in March

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Mediation and arbitration hearings over the weekend have ended in a two-year labour deal for engineers, conductors and train and yard service staff at Canadian Pacific Railway. The agreement puts a formal lid on the latest round of contract disputes between Calgary-based CP and its 3,000-odd unionized employees represented by the Teamsters Canada Rail Conference
CN’s grain plan has come under criticism because observers say it seems to justify future failure.
News

CN, CP release their annual grain plans

Rail providers on a hiring spree as grain shipments expected to return to historical norms

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[UPDATED: Aug. 16, 2022] The Western Grain Elevator Association (WGEA) says the latest CN and CP grain plans are long on excuses and short on solutions. According to Wade Sobkowich, WGEA executive director, the railways are not held accountable for meeting their own targets, and that is a problem. “I would go so far as
BNSF crews clear track near Lemmon, S.D., about 300 km northeast of Rapid City, in late December 2016. (BNSF.com)
Crops

Biden steps in to help end freight rail labour disputes

Disputes dragging at BNSF, Union Pacific

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Washington | Reuters — U.S. President Joe Biden on Friday signed an executive order creating an emergency board to help resolve disputes between major freight rail carriers and their unions, in a move that could help loosen up some supply chain constraints. The order came ahead of a deadline next week to intervene in nationwide
Grain shippers say the real problem is a capacity shortfall, and they worry when grain volumes pick up, the problem will be even worse. photo: paterson grain
News

Railways catching up with grain shipper demand

But the bigger question is what happens this fall if a ‘normal’ crop rolls in

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After a brutal few months of being unable to meet the shipping demands of grain companies, the two major railways have largely caught up. “Over the last two or three weeks, it’s got a little bit better,” said Mark Hemmes, of Quorum Corp., Canada’s grain monitor. “We probably have less grain left to ship now,
VIDEO: Editor’s Take: Off the rails
Editorial, Op/Ed, Other

VIDEO: Editor’s Take: Off the rails

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We live in an era of the primacy of markets. In particular, regulation of markets has been deemed as undesirable, a long-term trend that began with neo-conservatism in the late 1970s and early 1980s. But Canadians are increasingly being hit in the face with examples where greater regulation is becoming a necessary evil. From price-fixing
Teamsters union workers picket outside Canadian Pacific Railway’s Toronto Yard after the company halted operations and locked out employees over a labour dispute March 20, 2022.
News

Shippers call for essential designation for railways

In a world of uncertainty, grain companies say labour peace necessary

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The recent railway labour disruption at Canadian Pacific Railways starkly underlines the transportation-related vulnerability of Canada’s agriculture sector, industry watchers say. An online seminar organized by the Canadian Agri-Food Policy Institute (CAPI) heard March 28 that fertilizer shipments in and out of the country are balanced on a knife edge, and Canada’s global reputation as

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