GFM Network News

CBOT weekly outlook: Wheat futures underpinned for now

However, traders still watching headlines

MarketsFarm — U.S. wheat futures have climbed higher over the past week, with the largest gains in Chicago Board of Trade soft wheat, as global uncertainty over the COVID-19 pandemic provided some support. However, that uncertainty could also makes predicting market trends rather difficult, according to an analyst. “All of my comments come with a

Barilla to buy second-largest Italian pasta plant

Milan | Reuters — Food group Barilla said on Wednesday it had presented an offer to buy the second-largest pasta plant in Italy from domestic rival Pasta Zara to boost its production capacity. Family-owned Pasta Zara has started court proceedings to get creditor protection after its debt spiralled out of control. The factory, which is

Last week in Rome a Canadian delegation led by Agriculture Minister Lawrence MacAulay met with officials from ANACER (Associazione Nazionale Cerealisti), Italy’s grain trade association, to address Italy’s unfair barriers to Canadian durum wheat imports. Cereals Canada president Cam Dahl (l to r), MacAulay, Fabrizio Ricci, ANACER, Andrea Galli, ANACER and Canada’s Ambassador to Italy, Alexandra Bugailiskis.

Canada pushes for end to durum dispute

Agriculture Minister MacAulay pushes Italy to end barriers to Canadian durum imports

Regaining Canada’s traditional durum wheat export market to Italy requires a two-pronged approach — diplomacy and legal action through the World Trade Organization (WTO), says Cereals Canada president Cam Dahl. But Canada’s Agriculture Minister Lawrence MacAulay wouldn’t commit to the latter, when speaking to reporters from Rome Oct. 11, after the high-level Canadian delegation he

Durum markets rattled as harvest set to start

CNS Canada — With the durum wheat harvest rapidly approaching in Western Canada, many analysts wonder how the dry conditions and extreme heat will affect yields. Yet there is one aspect about this year’s crop they already know. Increased seeded acreage this spring, and market access problems hindering longer-term durum sales, mean farmers might want

Italian opposition to Canadian durum a sore point

There’s been no clear indication of what Ottawa will do next

Other than meetings between Canadian and European cabinet ministers on the issue, there has been no action by Canada to reinforce its opposition to Italian pasta tariffs that have shut Canadian durum wheat out of what had been a key market. Cam Dahl, president of Cereals Canada, said the industry is pushing Ottawa to step

Canada to probe claims of Turkish pasta dumping

Three Canadian makers of dry wheat pasta have got their wish for a probe into whether competing products from Turkey are being dumped into the Canadian market. The Canada Border Services Agency (CBSA) announced Tuesday it has launched an investigation into whether certain pasta products originating in or exported from Turkey are being sold at

Italy demands origin labels for pasta, rice

Rome | Reuters — All packets of pasta and rice sold in Italy will have to include labels of origin showing where the produce was grown, the government ruled on Thursday, a move aimed at protecting local farmers. The agriculture and industry ministers signed a decree ordering the new labelling policy, saying it would run