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CP employees to walk the line Tuesday night

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tagged arbitration back-to-work legislation bargaining canadian pacific cp Hajdu IBEW strike TCRC teamsters union
Barring any last-minute deals, conductors, engineers and signal maintainers at Canadian Pacific Railway plan to be on strike as of 9 p.m. CT Tuesday. The Teamsters Canada Rail Conference (TCRC), which represents about 3,000 CP engineers, and the International Brotherhood of Electrical Workers (IBEW), which represents about 360 CP signal maintenance staff, both announced Saturday they have served CP with the required 72 hours' minimum strike notice. The notice followed Friday's…
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Bayer cuts Monsanto synergy target on divestments

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tagged acquisition assets BASF Bayer monsanto regulators synergy
Bonn | Reuters -- Bayer said positive synergy effects from the planned takeover of U.S. seeds and chemical firm Monsanto would be about US$300 million below its previous target because it will sell more businesses than initially expected to get antitrust approval. Bayer CEO Werner Baumann again threw his weight behind the deal, despite higher antitrust hurdles and delays in the regulatory reviews, speaking to shareholders at the annual general meeting on Friday. "I'm convinced…
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Visible Canadian canola supplies tighten

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tagged canadian grain commission canola exports canola stocks canola supplies disappearance farmer deliveries wheat supplies
CNS Canada -- Visible canola supplies in Canada dipped below one million tonnes for the first time since the 2017 harvest, according to the latest Canadian Grain Commission data. Canola stocks in commercial hands as of Sunday were pegged at 991,400 tonnes by the Canadian Grain Commission in its latest report. That's down by about 90,000 tonnes from the previous week. Visible canola stocks are typically considered low whenever they move below one million tonnes. Farmer…
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U.S. alarmed by strike on ship delivering wheat to Yemen

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tagged Houthi humanitarian Ince missile Salif United Nations wheat Yemen
Washington | Reuters -- The United States said on Friday it was "alarmed" by a Houthi missile strike on a Turkish vessel carrying wheat to Yemen this month and urged the Shi'ite group to work with the United Nations to alleviate Yemenis' suffering. The Turkish-flagged Ince Inebolu bulk carrier was damaged by an explosion on May 10, 110 km off the Red Sea port of Salif where it was due to deliver a 50,000-ton cargo of Russian wheat. The White House said in a statement the U.S. was…
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U.S. biodiesel lobby drops effort to adjust tax credit

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tagged biodiesel biofuel blend blenders import National Biodiesel Board producers tax credit
Chicago | Reuters -- The biggest U.S. biodiesel lobbying group has dropped its nine-year push to convert a US$1-per-gallon tax credit available to blenders of the biofuel into one for producers, the vice-president of federal affairs said on Friday. The tax credit benefits companies that blend biodiesel into fuel sold at U.S. gas stations. It first went into effect as part the American Jobs Creation Act from 2005 to 2009 and has often been renewed retroactively in the years…
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U.S. grains: Wheat rallies on dry weather fears

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tagged cbot China closing markets corn futures drought export soybean futures wheat futures
Chicago | Reuters -- U.S. wheat futures jumped more than two per cent on Friday and ended the week up nearly five per cent as worries about dry weather in key global production regions fueled short-covering and speculative buying. Soybeans advanced for the fifth time in six sessions on renewed Chinese buying of U.S. export shipments, while corn edged upward on spillover support from higher wheat. Stressful weather in the U.S. Plains wheat belt and forecasts for continued hot, dry…
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U.S. livestock: Feeder cattle extend gains on drop in placements

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tagged cattle futures cattle on feed closing markets CME feeder cattle feedyards hog futures lean hog live cattle placements USDA
Chicago | Reuters -- U.S. cattle futures rose on Friday, shrugging off earlier declines on technical buying and support from government data showing fewer cattle placed in feedlots during April, traders and analysts said. Relatively thinly traded feeder cattle futures jumped more than one per cent after the U.S. Department of Agriculture released its monthly Cattle on Feed report at midday, and those gains pushed up more the actively traded live cattle market. "When I started…
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CP employees reject company’s ‘final’ offers

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tagged bargaining cn conductors cp engineers Hajdu IBEW legislation lockout strike TCRC teamsters
Conductors, engineers and signal maintainers at Canadian Pacific Railway are again within striking distance of striking. The Teamsters Canada Rail Conference (TCRC), which represents about 3,000 CP engineers, and the International Brotherhood of Electrical Workers (IBEW), which represents about 360 CP signal maintenance staff, confirmed Friday their members have voted to reject what CP described as its "final contract offers" to the two bargaining units. Both unions agreed in late April…
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Deere recalls loader attachments over manual omission

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tagged 120R 2025R Deere loader operator's manual recall tractor
Over 1,300 Deere front-end loader attachments sold in Canada are being recalled over what's missing from their operator manuals. Deere and Co. and Health Canada on Thursday announced a recall for certain 120R John Deere loaders sold from May through September last year. "The ballasting information for the loader when attached to a John Deere model 2025R tractor is missing from the operator's manual," Health Canada said in a notice Friday. "If improperly ballasted, the tractor may be…
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