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(Dave Bedard photo)
Crops, Reuters

CN kicks off recovery after eight-day strike

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Reading Time: 2 minutes Reuters –– Canadian National Railway on Thursday said it was putting a recovery plan in place while ramping up operations after the country’s biggest rail strike in a decade. The eight-day-long work stoppage at Canada’s largest railroad sent shocks through the country’s economy with grain and propane shipments scuttled. The strike by about 3,200 conductors […] Read more
Louis Dreyfus’ oilseed processing plant at Yorkton, Sask. (LDC.com)
Crops, Reuters

Dreyfus to cut costs amid trade jitters, swine fever

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Reading Time: 2 minutes Sao Paulo | Reuters — Agricultural commodities giant Louis Dreyfus Co. (LDC) has launched a cost-cutting and reorganization drive in the face of difficulties confronting global trading houses, according to an internal memo seen by Reuters on Wednesday. LDC confirmed the memo’s authenticity in a statement, saying the company aimed to optimize its cost base […] Read more
CBOT January 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy futures fall to two-month low

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures slid to a two-month low on Wednesday on technical selling and expectations that increased rains will benefit crops in rival shipper South America. Corn and wheat futures also fell as traders adjusted positions ahead of Thursday’s Thanksgiving holiday, when U.S. markets will close. The markets will reopen for […] Read more
CME December 2019 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle set contract high on winter storms

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Reading Time: < 1 minute Chicago | Reuters — U.S. live cattle futures reached a contract high on Wednesday on expectations that wintry weather would hamper the movement of cattle to slaughterhouses. Two winter storms blasted parts of the United States, after parts of Colorado got up to 30 inches of snow on Tuesday. The storms could disrupt transportation and […] Read more
CME February 2020 live cattle with Bollinger (20,2) bands, a gauge of market volatility. (Barchart)
Livestock, Markets, Reuters, Weather

U.S. livestock: Live cattle touch seven-month peak on weather woes

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Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed higher on Tuesday, recording a seven-month high on expectations that a winter storm this week would slow the movement of cattle to beef packing plants and possibly curb the ability of feedlot cattle to gain weight, traders said. A powerful snowstorm swept across Colorado and into […] Read more
(Dave Bedard photo)
Crops, Machinery, Reuters

Worker’s plea for rest spurs breakthrough in CN strike, union says

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Reading Time: 2 minutes Montreal | Reuters — As Canada’s biggest rail strike in a decade dragged on with no resolution in sight, the recorded pleas of an exhausted rail worker who wanted a break after a 10-hour shift helped deliver a critical breakthrough, a union leader told Reuters on Tuesday. The audio recording, released on Monday by Teamsters […] Read more
CN employees picket outside the company’s rail yard at North Battleford, Sask. on Nov. 25, 2019. (Canadian Cattlemen photo by Lisa Guenther)
Crops, Machinery, Markets, Reuters

CN, Teamsters reach deal to end strike

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Reading Time: < 1 minute Montreal | Reuters — Teamsters Canada and Canadian National Railway on Tuesday said they reached a tentative deal to end a strike at the country’s largest railroad that had entered its eighth day, disrupting supply chains across the country. “We have a deal,” a CN spokesman said. The union said normal operations will resume on […] Read more

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