GFM Network News

CBOT December 2019 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soy, corn close higher

Chicago | Reuters — U.S. soybean and corn futures settled up on Thursday, as traders squared their positions ahead of a U.S. government report next week expected to clarify how many acres were planted of the two crops. Dealers said a rebound in energy prices provided some support, although there remained ongoing concerns in the

Last crop year Canada exported 70,000 tonnes of wheat and 135,000 tonnes of barley to Saudi Arabia.

Saudi sanctions add to market access woes

The list of customers trying to block Canadian grain is a growing concern to the industry

Saudi Arabia isn’t a big Canadian grain customer, but Canada’s grain sector isn’t happy about losing access to it in the wake of a diplomatic spat sparked by Canada’s criticism of Saudi Arabia’s poor human rights record. “I think we really do need to see a focus from all government agencies and departments that they

Will Saudi sanctions put G3 on the selling block?

Canada’s grain industry has questions but G3 isn’t saying much

How will Saudi Arabia’s sanctions, including a ban on Canadian grain purchases, affect G3? The grain sector was abuzz with speculation last week given the grain company that acquired the Canadian Wheat Board’s assets in 2015 is a partnership between the state-owned Saudi Agricultural and Livestock Investment Co. (SALIC) and U.S. grain company Bunge. The

(Dave Bedard photo)

Saudi Arabia boosts stake in G3 Canada

Winnipeg | Reuters — Saudi Arabia’s agriculture company has taken control of the majority investor in grain handler G3 Canada Ltd., according to a filing, reducing Bunge Ltd.’s stake and strengthening the kingdom’s efforts to secure food supplies. G3 Global Holdings, the joint venture of U.S. agribusiness Bunge and Saudi Agricultural and Livestock Investment Co.