GFM Network News


JBS shareholder Batista arrested in food sector corruption investigation

Rio de Janeiro | Reuters – Brazilian police arrested one of the controlling shareholders of meatpacker JBS SA on Friday in connection with an ongoing police inquiry into illegal campaign contributions while a local news outlet reported two former agriculture ministers were also arrested. A member of JBS’ controlling family Joesley Batista is expected only to […] Read more

Pea straw has higher protein levels than oat, barley or triticale straw.

Construction resumes at Portage pea plant

CNS Canada – More than a year after the ground breaking ceremony was held for Roquette’s pea-processing plant at Portage la Prairie, Man., construction resumed on it at the end of October. According to a company spokesperson construction was halted last spring “to adjust and fine tune the project.” ”We took the opportunity to include […] Read more


Louis Dreyfus top shareholder gets finance to buy out minorities

Paris | Reuters – Margarita Louis-Dreyfus, top shareholder of commodity giant Louis Dreyfus Company (LDC), said she had secured financing for a deal that requires her to buy out family minorities, a move that has created uncertainty over the firm’s funding. Minority family shareholders asked in 2015 to sell 16.6 percent of LDC’s holding company […] Read more

ADM profit tops estimates on export sales, oilseeds

Reuters – Archer Daniels Midland Co reported a bigger-than-expected quarterly profit on Tuesday, as the U.S. grain merchant made export sales to buyers in countries other than China during an escalating trade war between Washington and Beijing. Strong margins for oilseeds crushing also boosted earnings. The United States and China have imposed tariffs on hundreds […] Read more


Fertilizer maker Nutrien’s profit beats on strong potash demand

Reuters – Canadian fertilizer and farm supplies dealer Nutrien Ltd reported a better-than-expected quarterly profit and raised its full-year adjusted profit forecast, driven by strong demand for its potash fertilizers. The world’s largest fertilizer company by capacity raised its full-year adjusted profit forecast to the range of $2.60-$2.80 per share, from its prior estimate of […] Read more



ABCD quartet of grain traders partner to digitize global trades

Chicago | Reuters – The world’s four largest agribusinesses are working together to standardize and digitize international grain trades using technologies such as blockchain and artificial intelligence, the companies announced on Thursday. Archer Daniels Midland Co, Bunge Ltd, Cargill Inc and Louis Dreyfus Co, known collectively as the ABCDs of global grain trading, said the […] Read more



Foreign control in Canadian ag sector still relatively low

CNS Canada – The percentage of foreign control, as a percentage of total assets, in the Canadian agriculture, forestry, fishing and hunting sector was 1.6 per cent in 2016, according to data recently released by Statistics Canada. While that’s up from 1.1 per cent in 2012, it compares with foreign control in all industries (excluding […] Read more