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Stories by GFM Network News

Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)
Markets, Reuters

U.S. grains: CBOT wheat ends lower; US crop rating seen as anchor

By Renee Hickman, Reuters, GFM Network News April 8, 2024
Chicago Board of Trade wheat dipped on Monday after a jump earlier in the day, as traders assessed conditions of the U.S. crops.

Photo: Canada Beef Inc.
Markets, Reuters

U.S. livestock: CME live cattle futures rise on wholesale prices, technical trade

By P.J. Huffstutter, Reuters, GFM Network News April 8, 2024
Chicago Mercantile Exchange (CME) live futures turned higher on Monday, as a flurry of technical trading and strength in wholesale prices helped contracts rebound off recent months' lows, traders said.


(Jiraroj Praditcharoenkul/iStock/Getty Images)
General

Feds fund agriculture and food processing robotics projects

By Geralyn Wichers, GFM Network News April 8, 2024
The federal government pledged up to $5 million in funding for agriculture and food-processing robotics on Friday in hopes of addressing ongoing workforce challenges. 

Photo: Thinkstock
Markets

Net short position in canola continues to shrink

By Phil Franz-Warkentin, GFM Network News April 8, 2024
Managed money fund traders continue to chip away at the large net short position in canola futures, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).


Photo: Mlenny/iStock/Getty Images
General, Reuters

EU provisionally agrees to Ukraine farm import curbs

By Reuters, GFM Network News April 8, 2024
The European Union provisionally agreed on Monday to restrictions on Ukrainian food imports, which some EU members say have destabilized the bloc's agricultural markets.

Photo: Thinkstock
General, Reuters

China’s drive to boost grain production hits bottleneck, state media says

By Mei Mei Chu, Reuters, GFM Network News April 8, 2024
China's drive to boost grain production has entered a bottleneck where it is difficult to increase production further, state media reported on Monday, as Beijing launched a new drive to raise domestic output by 50 million metric tons by 2030.


(Geralyn Wichers photo)
Markets, Reuters

U.S. livestock: Cattle tumble ahead of weekend on bird flu fears

By Karl Plume, Reuters, GFM Network News April 5, 2024
Chicago Mercantile Exchange live cattle futures plunged on Friday to the lowest point since mid-January as concerns about beef demand amid reports of avian influenza in cattle sparked fund long liquidation ahead of the weekend.

The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)
Markets, Reuters

U.S. grains: Wheat rallies on Black Sea tensions, weather worries

By Renee Hickman, Reuters, GFM Network News April 5, 2024
U.S. wheat futures spiked to a one-month high on Friday as the market was unsettled by spring weather risks in the northern hemisphere and renewed tensions in the Black Sea.


(John Greig photo)
General, Livestock

USDA sheds new light on bird flu dairy herd infections

Virus may have been spread through milking equipment, dairy workers

By Jeff Melchior, GFM Network News April 5, 2024
The United States Department of Agriculture (USDA) updated stakeholders on how a Highly Pathogenic Avian Influenza (HPAI) strain may have spread to dairy cattle in several states yesterday.

Parliament Hill, in Ottawa – Ontario, Canada. Photo: Ulysse Pixel
General

Calls to eliminate the carbon tax grow after the April 1 increase

By Karen Briere, GFM Network News April 5, 2024
Opposition to the federal price on pollution ramped up last week as several premiers called for a meeting with the prime minister to discuss the issue.


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