GFM Network News



Britain’s wheat imports climb, Canada top supplier

London | Reuters — British wheat imports were sharply above year earlier levels in July, with Canada and France the main suppliers, customs data showed on Friday. Wheat imports for the month totalled 149,337 tonnes, up from 91,965 tonnes in July 2019, the figures show. July is the first month of the marketing year. Imports


Most field crops are seen to be facing a bearish price outlook with prospects for bumper crops and substantial U.S. supports.

New ag policy needed to accommodate drastic changes

Latest policy note says policies of yesterday won’t work for today and tomorrow

Drastic changes in and outside Canada should prompt a new agri-food policy, according to a new report from industry experts. Agri-Food Economic Systems’ latest policy note identified 10 pressures on the industry in Canada today, each one varying in “magnitude, significance, urgency and permanence.” The report cites the majority loss of the food-service market due

U.S. grains: Soybeans climb as China trade talks progress

July wheat down over four per cent on week

Chicago | Reuters — Chicago soybean futures gained on Friday as U.S. trade talks with China continued, invigorating hopes the top soybean importer would reach earlier export estimates. Wheat fell as the U.S. winter wheat harvest progressed, while corn inched higher on technical positioning. The most active soybean futures on the Chicago Board of Trade

U.K. aims to join Trans-Pacific Partnership

London | Reuters –– The United Kingdom announced on Wednesday it would pursue accession to a revamped version of the Trans-Pacific Partnership. “Today we’re announcing our intent to pursue accession to CPTPP, one of the world’s largest free trading areas,” Trade Secretary Liz Truss said. The British government said joining CPTPP would help the U.K.


Huawei extradition ruling could unleash more Chinese backlash

More punitive trade measures expected

Ottawa | Reuters — A British Columbia court ruling that could permit the extradition of a senior Huawei executive to the U.S. leaves Canada vulnerable to further retaliation from Beijing, analysts said. Huawei chief financial officer Meng Wanzhou on Wednesday lost a challenge to a U.S. bid to extradite her to face bank fraud charges,

Trump floats halt to U.S. cattle imports as pandemic hurts ranchers

'We have a lot of cattle in this country'

Washington/Chicago | Reuters — U.S. President Donald Trump said on Tuesday the United States should consider terminating trade deals under which it imports cattle as he looks to help U.S. ranchers hit hard by the coronavirus outbreak. The United States imports cattle from Mexico and Canada to supplement domestic supplies at lower prices and to



CUSMA pact to take effect July 1, USTR says

Washington | Reuters — U.S. Trade Representative Robert Lighthizer on Friday said he has notified Congress that the new U.S.-Mexico-Canada trade agreement will take effect on July 1, a month later than initially proposed. In a statement, Lighthizer said both Mexico and Canada had taken measures necessary to comply with their commitments under the U.S.-Mexico-Canada