A work stoppage at the Port of Vancouver is underway today, potentially impacting exports of coal, potash and beef although not bulk grain shipments. The British Columbia Maritime Employers Association (BCMEA) said in a statement today that strike activity commenced this morning. BCMEA will also lock out “forepersons and other Local 514 members,” starting late […] Read more
Tag Archives Commodities
Vancouver port shuts out foremen as work stoppage begins
Bulk grain unaffected, but stoppage could cost fertilizer sector millions says Fertilizer Canada
Will India open a second window for duty-free pea imports?
SASKATOON — The Indian government might have to consider opening a second window for duty-free yellow pea imports, according to a senior industry official from that country. “Maybe in the back end of the season,” Manek Gupta, managing director of Viterra India PVT Ltd., said during a recent webinar hosted by the India Pulses and […] Read more
WASDE put wheat up, but flat
The U.S. Department of Agriculture ratcheted up wheat production estimates for several countries in its August supply and demand report but 2022-23 world ending stocks remained unchanged. “They found more production but they also recognize that maybe demand is pretty strong as well,” said MarketsFarm analyst Bruce Burnett. The biggest adjustment was Russia’s new wheat […] Read more
CN warns of grain disruptions
Canadian National Railway says it will be able to move the anticipated volumes of grain in 2022-23 but warned there will be times in the fall and winter when demand exceeds capacity. “We are positioned well here and we’re confident that we’re in good shape to move the anticipated volumes,” said David Przednowek, assistant vice-president […] Read more
North Dakota wheat crop prepares for rebound
North Dakota has a bumper crop of spring wheat on the way, according to the co-ordinator of an extensive three-day tour of the state’s wheat fields. “It looks like a pretty late-planted crop that has really got great potential,” said Dave Green, executive vice-president of the Wheat Quality Council. The group is forecasting a record […] Read more
UN: Russia-Ukraine grain deal maybe few weeks
ISTANBUL, Turkey (Reuters) — The United Nations expects a deal to resume Ukrainian grain exports through the Black Sea to be fully operational in a few weeks and restore shipments to pre-war levels of five-million tonnes a month, two senior UN officials said July 22. Ukraine, Russia, Turkey and the UN signed the deal in […] Read more
Growers plan to seed fewer acres to dry beans this year
Dry bean acres are down in North America and it remains to be seen whether wet conditions will exacerbate that shortfall, says an industry official. Statistics Canada forecasts 337,000 acres of the crop in Canada, a 23 percent drop from last year. Daryl Domitruk, executive director of Manitoba Pulse and Soybean Growers, thinks that estimate […] Read more
Push for Russia, Ukraine grain exports
DAKAR, May 25 (Reuters) – Senegal’s president and African Union chairman Macky Sall said on Wednesday that when he visits Russia and Ukraine in the coming weeks he will push them to unblock exports of grains and fertilizer to avoid widespread famine. Africa is suffering from disruptions in food supply and soaring prices of basic goods and […] Read more
U.S. plans new deal with Pacific Rim, other countries
The United States is pursuing an Asian Pacific trade agreement that isn’t a free trade agreement. On May 23, while visiting Japan, U.S. President Joe Biden officially launched talks for the Indo Pacific Economic Framework. The IPEF, as it is known, is a partnership between the U.S., Australia, Brunei, India, Indonesia, Japan, South Korea, Malaysia, […] Read more
CDN wheat exports drop, destination disparity
Certain wheat importers have been hit hard by Canada’s short crop in 2021-22, while others haven’t experienced any disruption in supplies. Canadian farmers harvested 19 million tonnes of non-durum wheat last fall, a 34 percent drop from the previous year. That meant some customers were going to be out of luck. China and Indonesia are […] Read more
