GFM Network News


(Kansas City Southern video screengrab via YouTube)

Rail shippers pick sides as CP, CN bid for Kansas City Southern

Richardson, Conagra among firms supporting both bids

Winnipeg | Reuters — North America’s freight rail customers, from grain shippers to logistics companies, are choosing sides as Canadian Pacific Railway and Canadian National Railway fight to buy Kansas City Southern. A takeout of KCS would be the first major North American railroad combination in more than 20 years and create the first network

Mayo Schmidt, shown here in Winnipeg in 2007, has been named CEO of Nutrien. (Dave Bedard file photo)

Ex-Viterra chief Schmidt named Nutrien’s new CEO

Chuck Magro stepping down for 'new opportunities'

Canadian fertilizer and ag retail giant Nutrien has tapped a familiar name in agribusiness to lead the company, as the CEO it’s had since birth steps aside. Saskatoon-based Nutrien said Monday its board has named its current chairman, Mayo Schmidt, as the company’s new CEO. Replacing Schmidt as Nutrien’s chair is Russ Girling, former CEO


File photo of a Conagra production facility at Oakdale, Calif., about 150 km east of San Francisco, on Dec, 18, 2015. (Photo: Reuters/Fred Greaves)

Food retail order boom may ease after big quarter, Conagra says

Reuters — Conagra Brands put better-than-expected first quarter sales on Thursday down to heavy ordering by retailers worried about the durability of supply chains in the months ahead as a second wave of coronavirus cases takes hold. Shares in the foodstuffs maker dipped as much as three per cent before recovering after chief financial officer

Ardent Mills’ flour mill at Rush City, Minn., about 80 km north of St. Paul. (ArdentMills.com)

Ardent Mills to close four U.S. flour mills

Reuters — Ardent Mills will close three U.S. flour mills next month and a fourth in the first quarter of 2020, the flour miller and food ingredient maker announced Friday. The company, a joint venture between ConAgra Foods, Cargill and CHS, said the closures were necessary due to “anticipated demand and to enhance the efficiency

(Noel Hendrickson/DigitalVision/Getty Images)

Richardson to buy Wesson cooking oil brand

A household name in U.S. cooking oils is set to become part of Canadian grain handler and oilseed processor Richardson International. Chicago-based Conagra Brands said Tuesday it will sell its Wesson oil brand and related assets — including a 280,000-square foot U.S. processing plant at Memphis — to Richardson for an undisclosed sum. Wesson-branded retail


(JMSmucker.com)

Smucker drops bid to buy Wesson Oil after U.S. objects

Washington | Reuters — J.M. Smucker Co. said on Tuesday it will abandon its plan to acquire Conagra Brands’ Wesson Oil brand after the U.S. Federal Trade Commission had moved to block the deal arguing it would likely lessen competition and violate anti-trust law. Mark Smucker, CEO of J.M. Smucker, said “it is not in


(ConAgraFoods.com)

U.S. top court lets Conagra cooking oil class action proceed

Washington | Reuters — The U.S. Supreme Court on Tuesday refused to hear a bid by Conagra Brands to escape a class-action lawsuit accusing it of falsely labeling its cooking oil as 100 per cent natural even though it had genetically modified ingredients. Conagra had asked to the justices to hear its appeal of a


(ConAgraFoods.com)

Conagra to sell Wesson oil brand to Smucker

Reuters — Packaged food maker Conagra Brands said on Tuesday it would sell its Wesson cooking oil brand to Folgers coffee maker J.M. Smucker Co. for about US$285 million. Conagra will continue to manufacture products sold under the Wesson brand for up to one year following the close, after which Wesson will be merged into

(Scott Bauer photo courtesy ARS/USDA)

Ontario tomato farmers to get less on higher yields

The agreement between Ontario growers and tomato processors for the 2017 growing season is expected to drop the price tomato farmers are paid as their yields increase. The agreement, announced last week, maintains the contracted tonnage of 2016 and follows the five-year pricing agreement set by growers and processors last year. Final prices, however, aren’t