GFM Network News

Russia to boost grain transport subsidies in 2018

Moscow | Reuters — Russia will spend two billion roubles (C$43 million) in grain transportation subsidies to help to speed exports in 2018, the deputy agriculture minister said on Thursday. Already among the world’s largest wheat exporters, Russia is trying to step up a gear after this year’s record crop, which is keeping its grain […] Read more

U.S. grain exports slide after Trump win batters peso

Chicago | Reuters — Mexican demand for U.S. grain imports has slumped along with the country’s sinking peso as buyers withdrew from the market amid soaring costs in the week since Donald Trump won the U.S. presidential election, traders and industry analysts said. Corn prices in pesos jumped more than 10 per cent overnight for […] Read more

U.S. grains: Strong exports support corn, soybeans

Chicago | Reuters — U.S. soybean futures rose to their highest in nearly three weeks on Monday, supported by technical buying and signs of stronger-than-expected export demand, traders said. Overseas interest for U.S. supplies also supported corn futures, which rose to their highest since Feb. 5, while wheat weakened due to a firm dollar and […] Read more

StatsCan stocks numbers confirm rapid export pace

CNS Canada — Canada’s grain and oilseed exports appear to be in fine form, based on the latest stocks figures on Thursday morning from Statistics Canada. Stocks of wheat, canola and oats are all down compared to last year’s. In wheat’s case, there were roughly five million fewer tonnes in farmers’ bins at the end […] Read more

Lower loonie helps farmers, but only so much

CNS Canada — The slumping price of oil continues to weigh on the Canadian dollar, while at the same time providing a boost to Canadian grain prices. Out-of-country buyers tend to more attracted to Canadian grain and wheat when the loonie is low, as they can get more product for their money. However, one market […] Read more