GFM Network News

To counter the growing prevalence of nationalistic policies, Canada is leading supportive countries in a WTO reform effort known as the Ottawa Group.

Uncertainty in global markets continues with pandemic

Protectionist policies could exacerbate food insecurity globally

The impact of COVID-19’s second wave is continuing to cause uncertainty in global markets. According to the World Trade Organization (WTO), between October 2019 and May 2020, G20 economies implemented 154 new trade or related measures, finding 95 to be trade facilitating and 59 as trade restrictive. “In the early stages of the pandemic, several

Federal Tories critique lack of action on China

MarketsFarm — Federal Opposition House Leader Candice Bergen has publicly ripped the federal government’s lack of action to deal with rising barriers against Canada’s substantial ag exports to China. China halted imports of Canadian meat effective Tuesday, the latest on the list of Canadian products China has blacklisted since the December arrest of Huawei executive

CBOT weekly outlook: USDA’s acreage report could push up prices

MarketsFarm — At least one analyst predicts the U.S. Department of Agriculture’s next acreage report, due out Friday, could have a bullish effect at the Chicago Board of Trade. “If we come in near trade expectations for the (soybeans), it might be supportive,” said Terry Reilly, grains analyst with Futures International in Chicago. Trade expectations

U.S. grains: Wheat, soy, corn climb

Chicago | Reuters — U.S. wheat futures rose about 1.5 per cent Friday on firming cash markets, analysts said, while soybeans and corn firmed ahead of hotly anticipated U.S.-China trade talks at this week’s G20 summit in Argentina. The G20 meeting is to include head-to-head discussions between U.S. President Donald Trump and Chinese counterpart Xi

U.S. grains: Soybeans pause after two-day rise

Chicago | Reuters — U.S. soybean futures eased on Thursday as traders booked profits after prices hit a near two-week high in the previous session, ahead of trade talks between Washington and Beijing at the G20 meeting. Wheat futures declined on lacklustre U.S. export sales while corn ended nearly unchanged. Chicago Board of Trade January