GFM Network News


U.S. House agriculture leader loses election

Midwest farm sector unsettled by prospect it could lose its place at the table

Democratic U.S. Rep. Collin Peter­son, House Agriculture Committee chair, failed to win re-election in Minnesota on Nov. 3, a loss some agriculture leaders said could hurt the U.S. Midwest’s Grain Belt. Though Democrats retained control of the House and therefore will again chair the committee, Peterson’s exit could shift U.S. spending away from a region

The Fearless Girl statue is seen outside the New York Stock Exchange (NYSE) on election day in Manhattan, New York City.

Investors focus on undecided U.S. Senate

As Biden edged in on presidency attention turned to stimulus, taxes, regulation

Reuters – As Democratic nominee Joe Biden edged closer to claiming the presidency, investors were focused on the still-undecided race for control of the Senate and the potential consequences for taxes, regulation and the outlook for more stimulus on Nov. 6. The benchmark S&P 500 had jumped nearly four per cent since election day, driven in part by expectations that divided control


Saskatchewan gets new ag critic, returning ag minister

David Marit, Trent Wotherspoon to handle farm file

Saskatchewan’s New Democrats will have a new critic to debate the incumbent minister over the agriculture file. Provincial opposition leader Ryan Meili on Tuesday announced Trent Wotherspoon, the MLA for Regina Rosemont since 2007, as the NDP’s critic for agriculture as well as finance, SaskTel, Saskatchewan Crop Insurance Corp. (SCIC) and the province’s Crown Investments

U.S. House ag leader loses election, unsettling Midwest farm sector

Chicago | Reuters — Democratic U.S. Rep. Collin Peterson, chair for the House of Representatives’ agriculture committee, failed to win re-election in Minnesota on Tuesday, a loss some agriculture leaders said could hurt the U.S. Midwest grain belt. Though Democrats retained control of the House and therefore will again chair the committee, Peterson’s exit could

U.S. grains: Soybeans reach four-year high on global supply concerns

Corn, wheat rise to one-week highs

Chicago | Reuters — Chicago soybean futures reached four-year highs on Thursday as continued dryness in South America’s crop areas raised supply concerns at a time of brisk Chinese demand. Corn and wheat hit their highest in more than one week on strong demand and supply concerns. The most-active soybean contract on the Chicago Board


ICE weekly outlook: Canola stronger at midweek

MarketsFarm — ICE Futures canola contracts were stronger on Wednesday, making up losses incurred earlier in the week. The nearby January contract closed Wednesday at $545.80 per tonne, gaining over $10 since closing at $534.90 on Monday. Record-high temperatures in parts of the Prairies were part of the reason behind canola’s rally. However, temperatures are


U.S. livestock: Cattle futures trim back on election uncertainty

Pork fundamentals still bearish on hogs

Chicago | Reuters — U.S. live and feeder cattle futures fell on Tuesday in a round of profit-taking ahead of an uncertain U.S. presidential election, analysts said. Chicago Mercantile Exchange December live cattle futures settled 0.725 cent lower at 107.825 cents/lb., after rising in each the last five sessions (all figures US$). CME feeder cattle


U.S. grains: Soybean futures climb on export optimism

'No matter who's president, China still needs to feed their hog herd'

Chicago | Reuters — Chicago soybean futures climbed on Tuesday on export optimism and a slower-than-expected U.S. harvest pace, traders said. Wheat firmed as traders monitored dryness in U.S. and Russian growing belts, while corn traded higher on continued hopes of China buying. The most-active soybean contract on the Chicago Board of Trade (CBOT) settled