GFM Network News

(Dave Bedard photo)

Monsanto to pay U.S. SEC settlement over Roundup earnings

Washington | Reuters — Monsanto will pay US$80 million to settle civil accounting violations after it allegedly misstated its earnings in connection with its top-selling Roundup product, U.S. securities regulators said Tuesday. The U.S. Securities and Exchange Commission (SEC) also said three accounting and sales executives have agreed to settle charges in connection with the

Cattle market report

Activity was on the quiet side at auction yards across the province during the week ended June 7. Only a handful of Manitoba’s cattle markets held sales, as marketings slow down heading into the summer. Of the sales that were held at Winnipeg, Brandon, Virden and Grunthal, volumes were varied, ranging from as little as

U.S. regulator admits failure in PFG oversight

The U.S. futures regulator acknowledged on Tuesday the regulatory system had failed to protect the customers of PFGBest, which collapsed last week as its founder admitted to a US$100 million fraud spanning two decades. In testimony before the U.S. Senate’s agriculture committee, Commodity Futures Trading Commission chairman Gary Gensler was also expected to outline his