Agriculture

Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC) have locked out workers following unsuccessful negotiations with the Teamsters union, raising fears of significant economic repercussions. The Teamsters Canada Rail Conference (TCRC) accused the railways of prioritizing profit over safety and worker welfare, while the railroads claimed they had made reasonable offers regarding pay […]

China’s wheat imports are projected to decrease in the latter half of 2024 due to rising domestic output and declining flour consumption. Following a record number of wheat purchases in recent years, analysts predict that this reduction will exert additional pressure on global wheat prices, which are currently near four-year lows due to ample supply. […]

The recent Pro Farmer crop tour has highlighted exceptional agricultural potential in Indiana, reporting the highest soybean pod count in 22 years and a corn yield forecast at a three-year high. During the four-day tour, scouts noted an average of 1,409.02 soybean pods in a 3-foot by 3-foot square, marking a 7.6% increase from 2023’s […]

Ukrainian barley exports are projected to fall sharply in September, with producers indicating a potential reduction of up to 50% compared to August. The Ukrainian Agrarian Council reported that while 600,000 tons of barley were contracted for August, only 280,000 tons have been contracted for September. The primary factor behind this decline is a significant […]

China has initiated an anti-subsidy investigation into dairy imports from the European Union, escalating tensions with the bloc just a day after the EU revised its tariff plan for Chinese electric vehicles (EVs). The new tariff on Chinese EVs has been set at 36.3%, slightly reduced from the previously proposed 37.6%, but still not eliminated, […]

Ukraine has finalized a new system of minimum export prices for its essential grains and oilseeds, a move the government believes will address price distortions exacerbated by the ongoing conflict with Russia. This initiative aims to curb the practice of selling agricultural products at artificially low prices to evade taxes. The cabinet has approved the […]

Egypt is determined to achieve its target of importing approximately 3.8 million metric tonnes of wheat by the end of 2024. This will be accomplished through a mix of tenders, direct purchases, and government-to-government agreements, according to Supply Minister Sherif Farouk. Farouk stated that Egypt has received the green light to engage in direct negotiations […]

Fertilizer Canada has issued a warning that disruptions affecting rail services nationwide could lead to estimated losses of $55 million to $63 million per day in sales revenue for the fertilizer industry. This figure does not account for additional logistical and operational costs. As the largest producer and exporter of potash, a key fertilizer ingredient, […]

In July, China’s soybean imports from the United States surged threefold compared to the previous year, reaching 475,392 metric tons. This increase coincides with the U.S. growing season, although Brazilian soybeans still dominated the market, accounting for the majority of China’s total imports. While imports from Brazil slightly decreased by 1.15% to 9.12 million tons, […]

Canada’s freight rail system is on the verge of a significant disruption this week, with the country’s two largest railroad operators—Canadian National Railway (CNR) and Canadian Pacific Kansas City (CPKC)—issuing lockout notices to the Teamsters union, which represents nearly 10,000 workers. If last-minute agreements are not reached, both companies plan to lock out workers starting […]