GFM Network News


Prairie cash wheat: Bids track rally in U.S. futures

Loonie up by a third of a cent on the week

MarketsFarm — Spring wheat bids in Western Canada climbed higher during the week ended Thursday, as a rally in U.S. futures more than countered any bearish influence from a rising Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $11.50-$13 per tonne, according to price quotes from

Trump administration mulls industry-wide biofuel waiver

Comment period would end after Trump's exit

New York | Reuters — The Trump administration is considering requests from the oil refining industry and its backers for a sweeping nationwide waiver to exempt them from their obligations to blend biofuels, a measure they argue would help them weather the economic impact of the coronavirus pandemic. U.S. President Donald Trump’s Environmental Protection Agency


U.S. grains: Wheat rises on Russian export tax plan

Corn, soybeans fall on profit-taking

Chicago | Reuters — U.S. wheat futures rose on Friday, supported by Russia’s plan to double its tax on exports of the grain, while corn and soybeans fell as traders took money out of the market following their surge to multi-year highs earlier in the week. Wheat traded both sides of unchanged, ending in positive

Feds launch consultations on Canada Grain Act

Review to run until April 30

The federal government is now officially canvassing the grains sector on upgrades to Canada’s grain regulatory system. Agriculture Minister Marie-Claude Bibeau, speaking Tuesday to Saskatchewan crop organizations’ virtual CropSphere conference, announced the feds’ current Canada Grain Act review has entered its consultation stage, running until April 30. The government said it wants feedback from grain

Trudeau names new transport, foreign affairs ministers

Garneau to handle foreign policy; Omar Alghabra takes transport

Ottawa | Reuters — Prime Minister Justin Trudeau named new ministers for foreign affairs and transport on Tuesday ahead of an election that insiders in his Liberal Party say is likely this year. Trudeau’s hand was forced when Innovations Minister Navdeep Bains, 43, unexpectedly announced he was resigning from politics for family reasons. Bains, who


Canada consulting at home toward Indonesia trade deal

Possibility of broader Southeast Asian pact also looms

Continuing to seek out free trade deals in the Asia-Pacific region, Canada has launched public consultations on the merits of a potential bilateral pact with Indonesia. “Deepening trade ties with Indonesia would benefit Canadian businesses of all sizes and lead to economic growth and prosperity for years to come,” International Trade Minister Mary Ng said

U.S. grains: Soybeans, corn, wheat rally

Futures up, but below recent peaks

Chicago | Reuters — U.S. soybean futures rose 1.7 per cent on Thursday, underpinned by the strong demand highlighted in the U.S. Agriculture Department’s monthly supply and demand report on Tuesday, traders said. Corn futures also rallied, with the market receiving a boost after the U.S. Environmental Protection Agency said it would not rule on

Grain aflatoxins lead to U.S. pet food recalls, dog deaths

Pet food maker expands recall after more than 70 dogs die, 80 sickened

Reuters — Midwestern Pet Foods is expanding a recall to include several more products sold under its Sportmix brand and other labels after at least 70 dogs died and 80 others are known to have become ill, the U.S. Food and Drug Administration said Tuesday. The food was found to have potentially unsafe levels of