GFM Network News


China’s appetite for feed barley sucks in new crop from Canada, France

Tariff on Australian barley favours other suppliers

Paris | Reuters — China’s buying spree of French and Canadian barley is spilling into the 2021-22 crop with large forward purchases, due to its major feed grain needs and a prohibitive tariff on Australian barley, traders and analysts said. China has been sweeping up huge volumes of foreign crops to help feed a pig

U.K. to ask to join Trans-Pacific trading bloc ‘shortly’

Bilateral deals signed or in works with several CPTPP members

London | Reuters — Britain will soon submit its application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade bloc, trade minister Liz Truss said on Wednesday. Since deciding to leave the European Union, a process it completed at the end of 2020, Britain has been seeking out new trading arrangements around



Australia to appeal at WTO over China’s barley tariffs

China in May imposed tariffs totalling 80.5 per cent

Sydney | Reuters — Australia will launch a formal appeal to the World Trade Organization (WTO) later on Wednesday seeking a review of China’s decision to impose hefty tariffs on imports of Australian barley, Minister for Trade Simon Birmingham said. Acknowledging the appeal may take years to be resolved, Birmingham told reporters Australia would also

U.S. grains: Soybeans sink on South American rains, slowing demand

Wheat pressured by bumper crops in Australia, Canada

Chicago | Reuters — U.S. soybean futures fell for a third straight session on Tuesday on slowing export demand and as forecasts for more rain in South American crop areas tempered concerns about tightening supplies. Corn and wheat followed soybeans lower, pressured by improved South American crop prospects and a firmer U.S. dollar. Grain prices


U.S. grains: Wheat posts weekly dip as supply worries ease

Corn, soy futures also lower

Chicago | Reuters — U.S. wheat futures fell more than one per cent on Friday and recorded a weekly loss as expectations for bumper wheat harvests in Australia and Canada tempered fears of tightening global supplies. Corn and soybean futures declined on forecasts for beneficial rains in northern and central Brazil, although worries about dry

U.S. grains: Wheat futures hit two-month low

Soybean, corn futures also decline

Chicago | Reuters — Chicago wheat futures hit a two-month low on Tuesday, pressured by improving U.S. winter wheat crop ratings, strong export competition and rising estimates of Australia’s harvest, analysts said. Corn and soybean futures also sagged, retreating from early strength as traders focused on forecasts for welcome rains in South American crop regions.



A drone photo of wheat being harvested near Moree, Australia, Oct. 27.

Just when Australia needs it, wheat farmers start bumper harvest

Australia to produce third-biggest wheat crop in 30 years as Black Sea conditions lead to wheat price rise

Reuters – For the past few years, crop machinery has sat idle in many Australian farm sheds as a devastating drought left almost nothing to harvest across the country’s pancake-flat eastern Wheat Belt. As the southern summer approaches, however, Ben Ledingham now watches combine harvesters race up and down wheat fields on his family’s property

Barley trade routes redrawn as China tariff hits Australian farmers

China's barley purchases from Canada more than double last year's

Sydney/Paris | Reuters — Out in Australia’s grain fields, farmers have started harvesting one of their biggest-ever barley crops, after drought-relieving rains convinced many to plant to the edges of their paddocks. Yet the tractors are working under the cloud of a new tariff imposed by China — seen widely as retaliation for Australia’s push