Market participants relying on Canadian rail transportation for either trade or supply are becoming nervous that the expected Canadian rail strike will affect the US biofuel and glycerin markets.
Canada’s two largest rail networks, Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC), issued lockout notices to the Teamsters union that would go into effect 12.01am on Thursday August 22.
The Teamsters also served notice to CPKC of their intentions to walk out at 12.01am Thursday, according to a report from logistics data company FreightWaves.
The interconnectedness of the North American rail network will undoubtably have an effect on rail operations in the US.
On Friday August 16, US-based Norfolk Southern (NS) — one of the biggest railroad operators in North America — sent out notice to all its customers that it “continues to monitor the potential work stoppage affecting rail traffic to/from Canada.”
…
12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...