GFM Network News



Cotton latest casualty in China-Australia spat

Australian barley, cotton and wine producers are now all under the gun

In the latest round of a China-Australia spat side-swiping agricultural trade, China has ordered cotton mills to stop buying Australian supplies. That word came Oct. 16 from an Australian government source and two China-based cotton traders briefed on the matter. Relations soured after Canberra accused China of meddling in domestic affairs, and worsened when Prime Minister Scott



Australia lowers barley export forecast after China tariff

Reuters – Australia has lowered its forecast for barley exports during the 2020-21 season by around six per cent after China imposed a tariff that effectively ended the billion-dollar trade between them. The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) said barley exports during the 2020-21 season will total 6.155 million tonnes,



U.S. grains: Soybeans extend rally on Chinese demand

Wheat down as Australia lifts harvest forecast

Chicago | Reuters — U.S. soybean futures rose on Tuesday to notch an 11th-straight higher daily close, supported by a mix of chart-based buying, continued demand from top global buyer China and worries about U.S. crop potential, analysts said. Corn futures also climbed while wheat futures fell as larger harvests in Australia signalled greater export

China ban turns Australian barley growers toward domestic market

Growers may shift to alternative crops next season

Sydney | Reuters — Australian farmers will be forced to sell their barley supplies to the domestic livestock industry or cheaper international markets after China effectively banned imports from Australia, farmers said on Wednesday. China late on Tuesday said it would ban barley imports from Australia’s largest grain exporter, just weeks after it slapped a

Piles of harvested wheat are covered with plastic sheets near the depot for GrainCorp, Australia’s largest listed bulk grain handler, located in the New South Wales town of Burren Junction, in this file photo.

Australia hopes for ‘magnificent’ wheat crop in pandemic economy

Farmers Down Under are buying equipment in anticipation of a big harvest

Reuters – Just months after rains broke Australia’s crippling three-year drought, fields of grain have sprung to life, lifting forecasts for a bumper wheat harvest and reviving the beaten-up agricultural sector through roaring tractor sales and increased lending. The mid-season crops in some of the country’s major eastern grain-growing areas are as lush as some


Feds to probe complaints of wheat gluten dumping

New duties on six countries' gluten imports might follow

Federal officials are launching a probe into whether wheat gluten from six countries is being dumped in Canada at prices undercutting the domestic product. The Canada Border Services Agency (CBSA) said Friday it’s launching an investigation to determine whether “certain wheat gluten” from Australia, Austria, Belgium, France, Germany and Lithuania is being sold at “unfair

U.S. grains: Soybeans up with exports, corn up slightly on dry weather

Big expected Russian, Canadian crops weaken wheat

Chicago | Reuters — Chicago soybean futures rose on Monday as a spate of new-crop soybean export sales eased concerns about forecasts of huge harvests across the U.S. Midwest. Corn futures were buoyed by dryness in top corn-producing states, as weekend rainfall missed drought-stricken parts of western Iowa. Meanwhile, wheat futures slipped on estimates for