GFM Network News

U.S. grains: Corn, soy, wheat slide with financial markets

Drop in oil prices adds pressure on corn

Chicago | Reuters — U.S. grain and soybean futures fell on Friday as the spread of the new coronavirus triggered broad selling in commodities and equities. Wall Street tumbled as fears of economic damage intensified with the global tally of cases crossing 100,000. Financial markets view the virus, which causes a flu-like illness, as the

Editorial: Future risks

Manitoba’s agriculture community is welcoming news it will be getting a few more exemptions from the incoming provincial carbon tax. The Pallister government this week announced fuels used to heat and cool livestock buildings and greenhouses and to dry grain would get a pass on the tax. The sector successfully argued from the outset it

For Canadian grocers, recent cauliflower woes should serve as a cautionary tale on buyers’ hypersensitivity to price.

Cauliflower hysteria offers lessons for Canadian consumers

Food inflation is hammering consumers, but there are ways to reduce price pressure

Food inflation is top of mind for Canadian consumers, with rampant claims about produce being grossly overpriced. And the latest consumer price index (CPI) report won’t calm Canadian shoppers any time soon, since food inflation stands at 4.1 per cent. That’s a significant contrast to the -0.4 per cent in food inflation reported in the

Crude’s slide hampers demand for Canadian biofuel

CNS Canada — The trickle-down effect of slumping crude oil prices is being felt in the Canadian biofuel market and softening demand for corn and soybeans. Traditionally, ethanol is cheaper than gasoline, which encouraged processors to blend more than the mandated amount, according to Andrea Kent, president of the Canadian Renewable Fuels Association (CRFA). “When

Global markets: Japan, Germany cut economic forecasts

CNS Canada –– The following is a glance at the news moving markets globally. JAPAN CUTS INDUSTRIAL PRODUCTION, ECONOMIC OUTLOOK – The Japanese government downgraded its assessment of industrial production and identified some areas of weakness in a monthly government report released on Wednesday. The reduced forecast for industrial production is due to weaker demand

Editorial: The green world’s breadbasket?

Jeff Rubin, the former chief economist for CIBC World Markets turned bestselling author, knows all about adaptation. His first book, Why Your World Is About To Get A Whole Lot Smaller grabbed international attention with predictions that world oil prices would climb to more than $200 a barrel by 2012, forcing a rethink of almost