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CN Workers Continue to Rally for Improved Working Conditions

The 8-day strike by thousands of workers at CN in November, tied up grain shipments to the coast.
 
Despite calls for the government to intervene, a deal was hammered out by both sides and on the weekend, members of the Teamsters Canada Rail Conference voted more than 91 per cent in favour of the agreement.
 
More than 3000 conductors, yard workers and train employees will receive annual wage increases of 2.5, 2.5 and 3 per cent.
 
But wages weren't the main issue in the strike. The Teamsters wanted concessions on work schedules, hours of work and crew fatigue.
 
A spokesman for the union says some of their concerns are being addressed by CN, but they said the issue of fatigue is far from settled. The new collective agreement expires in July of 2022.
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USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

Video: USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension


USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.