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CFA is extremely pleased as rail service resumes

Ottawa – The CFA was extremely pleased to hear this morning that the CN and the teamsters reached a tentative deal and that CN rail service will begin resuming operations quickly.
 
“Farmers in the west rely on rail shipments to get agricultural products to market, and farmers across Canada rely on rail shipments to receive farm inputs, like fertilizer and propane. Propane is used to dry grain and heat animal barns. As a result, the interruptions in rail service came at a critical point in time for farmers.”
 
“Harvested crops need to be transported by rail to ports for export and farmers need propane to complete harvest and dry down grains to avoid losses. The delays in rail service have resulted in significant costs for farmers in the form of hefty demurrage fees from ships forced to wait at port as well as potential losses of crops due to a lack of propane for grain dryers. However, we can express relief that a resolution was found and these delays and losses are not continuing to mount for the agricultural community.  Now farmers can get back to doing what we do best: contribute to the economic development, environmental stewardship and food security for everyday Canadians,” said CFA President, Mary Robinson.
Source : CFA

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Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”

Video: Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”


After a week of a U.S./China trade truce, markets/trade is skeptical that we have not seen a signed agreement nor heard much from China or seen any details. There are rumors that China is buying soybean futures & not the physical. Trust in Trump?
12 MMT of U.S. soybean purchases by China by year-end is better than 0 but we all need to give it more time and give it a chance to unfold. China did lower the tariffs on Ag and is buying U.S. wheat and sorghum.
U.S. supreme court could rule against Trumps tariffs, but the Trump administration does have a plan B.
U.S. government shutdown is now the longest in history at 38 days.
But despite a U.S. government shutdown we will be getting a USDA November crop report next Friday and it could be “game changing.” If the USDA provides a bullish surprise with lower U.S. corn and soybean yields and ending stocks that are lower than expected both corn and soybean futures will break out above their ceilings at $4.35/bu and $11.35/bu respectively.
The funds continued their selling in live and feeder cattle futures on continued fears that the Trump administration want to lower U.S. beef prices. The fundamentals have not changed, only market psychology has.
Stocks markets continue to worry about a weak U.S. job market, but you can blame ChatGPT for that. In the future, we will have a more efficient, productive and growing economy with a higher unemployment rate until we have more skilled AI workers.
After 34 new record highs in the S & P 500 and 124 new records in the NASDAQ in 2025 we are back to a correction and investor profit taking as AI valuations may have gotten too stretched near-term ahead of NVDA’s 3rd quarter earnings announcement on Nov. 19th. But this is not an AI bubble.
75% of Tesla shareholders approved a $1 trillion pay package for Elon Musk!
It has rained in South America in the last 7 days, but both the American and European models agree that Central Brazil remains dry in the next 14-days!