Port workers from the International Longshoremen’s Association (ILA) participate in a strike outside the Norfolk International Terminal (NIT) in Norfolk, Virginia, U.S., October 1, 2024. REUTERS/Jose Luis Gonzalez

White House sides with union as US dockworker strike enters second day

Reading Time: 3 minutes New York | Reuters — President Joe Biden’s administration heaped pressure on U.S. port employers to raise their offer to secure a labour deal with dockworkers on strike for a second day on Wednesday, choking half the country’s ocean shipping. The strike by the International Longshoremen’s Association (ILA) union has blocked goods from food to […] Read more









The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)

U.S. grains: Soy futures soar on US weather woes

Reading Time: 2 minutes U.S. soybean futures hit their highest in two months on Friday as soymeal futures surged by five per cent on worries about damage to crops and infrastructure in the Gulf Coast region following the landfall of Hurricane Helene as well as short-covering ahead of key crop reports due Monday.