Canola futures rallied again Tuesday, lifted by talk of new export demand from China. Reuters reported China was in the market ahead of its New Year holiday. A rally in soy meal, fueled by commercial buying, helped lift soybeans, which also supported canola futures. Also, the data from the National Oilseed Processors Association showed near-record […] Read more
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Canola up on talk of exports to China
Canadian railways still running behind: weekly report
WINNIPEG — Canada’s two major railways continued to fall behind in meeting grain hopper car orders during the week ended Jan. 25, according to the latest report from the Ag Transport Coalition for Week 25 of the 2014-15 crop year. Canadian National Railway and Canadian Pacific Railway supplied 2,352 (31 percent) of the 7,588 hopper […] Read more
Profit-taking slams CME live cattle, hog futures on Tuesday
By Theopolis Waters CHICAGO, Feb 17 (Reuters) – Chicago Mercantile Exchange live cattle futures finished sharply lower on Tuesday on profit-taking following Friday’s rally, traders said. February closed 1.400 cents per pound lower at 158.600 cents, and April down 2.500 cents at 150.725 cents. West Coast port slowdowns and disappointing volume of cattle sold last […] Read more
U.S. west coast ports dispute drags on; labour secretary to intervene
By Steve Gorman LOS ANGELES, Feb 16 (Reuters) – A partial shutdown of 29 U.S. west coast ports stretched into a third day on Monday ahead of the U.S. labour secretary’s scheduled arrival in San Francisco to try to broker a settlement ending months of disruptions on the cargo-clogged docks. president Barack Obama, under pressure […] Read more
UPDATE – CP Rail strike ends as two sides agree to arbitration
OTTAWA, Feb 16 (Reuters) – Canadian Pacific Railway and the Teamsters Canada union have agreed to seek mediated arbitration, ending a one-day strike at the country’s No. 2 railway, Canada’s laboUur minister said on Monday. “The strike is over,” labour minister Kellie Leitch told reporters. “Our intention is to get service working at 100 percent […] Read more
South Korea halts Canadian beef imports
South Korea has temporarily halted imports of Canadian beef as of Feb. 15 following the announcement of a BSE infected cow in northern Alberta. South Korea has the right to temporarily suspend quarantine inspections until further information is received from Canada about the case. said John Masswohl of the Canadian Cattlemen’s Association on Feb. 16. […] Read more
UPDATE Canada readies back-to-work legislation as CP rail workers strike
By Amran Abocar TORONTO, Feb 15 (Reuters) – Canadian Pacific Railway Ltd. prepared to operate a reduced freight schedule run by its managers on Sunday, after talks on a new contract broke down and more than 3,000 train engineers and conductors walked off the job. Canada’s second-largest railway and the Teamsters Canada Rail Conference could […] Read more
Talks break down, picket lines go up in rail labour dispute
Negotiations between Canadian Pacific management and the union representing some 3,000 engineers and conductors have broken down, CP said in a press release early Sunday morning. Last minute bargaining did produce a tentative four-year agreement with another union, Unifor, that represents CP’s 1,200 active mechanical employees that maintain rail cars and locomotives. Members of the […] Read more
Canadian-developed biotech apple gets USDA approval
By Carey Gillam Feb 13 (Reuters) – U.S. regulators on Friday approved what would be the first commercialized biotech apple, rejecting efforts by the organic industry and other GMO critics to block the new fruit. The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service (APHIS) approved two genetically engineered apple varieties designed to […] Read more
Farmers posted record aggregate net cash income last year
Canadian farmers generated a record $14 billion in aggregate net cash income in 2014, according to a new Agriculture Canada report released today. Taken down to the farm level, that’s an all-time high of $78,139 in average net operating income. “It’s something that we’ve been working for all of our careers is to see numbers […] Read more
