GFM Network News


CBOT December 2021 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)

U.S. grains: Corn futures up on firm cash markets

Soybeans post modest gains

Chicago | Reuters — U.S. corn futures rose about two per cent on Monday, rallying from early declines on support from tight domestic cash markets and spillover strength from crude oil futures, analysts said. Soybean futures climbed as China booked several U.S. cargos of the oilseed but wheat futures ended narrowly mixed. Chicago Board of […] Read more



(Xinzheng/Getty Images)

‘Two Michaels’ have left China, Trudeau says

Huawei CFO en route back to China

Ottawa | Reuters — Two Canadian citizens who were detained by Beijing for more than 1,000 days have left Chinese airspace and will arrive back in Canada early on Saturday, Prime Minister Justin Trudeau told reporters Friday. Michael Kovrig and Michael Spavor were picked up in December 2018, shortly after Vancouver police arrested Huawei Technologies […] Read more

Huawei Technologies CFO Meng Wanzhou leaves her home to attend a court hearing in Vancouver on Sept. 24, 2021. (Photo: Reuters/Jesse Winter)

Huawei executive, U.S. reach deal to dismiss charges

Meng Wanzhou would be allowed to leave Canada

Updated, Sept. 24 — Reuters — Huawei chief financial officer Meng Wanzhou has reached an agreement with U.S. prosecutors to end the bank fraud case against her, U.S. prosecutors said on Friday, a move that should allow her to leave Canada and relieve a point of tension between China and the United States. Meng was […] Read more


Huawei chief financial officer Meng Wanzhou leaves B.C. Supreme Court on a lunch break during her extradition hearing in Vancouver on Jan. 22, 2020. (Photo: Reuters/Jennifer Gauthier)

China denies ‘coercive’ diplomacy with Canada

Envoy again urges release of Huawei executive

Ottawa | Reuters — China on Thursday denied it had taken two Canadian men hostage, and repeated a call for the release of a Huawei Technologies executive held in Canada who faces extradition to the United States amid a long-running diplomatic dispute. Huawei chief financial officer Meng Wanzhou, a Chinese citizen, was arrested in Vancouver […] Read more

Huawei chief financial officer Meng Wanzhou leaves her family home in Vancouver in this May 8, 2019 file photo. (Photo: Reuters/Lindsey Wasson)

Canada says requirements for Huawei exec’s extradition to U.S. met

Reuters — Canada’s attorney general says the requirements for extraditing Huawei chief financial officer Meng Wanzhou to the United States on charges of bank fraud have been met, documents submitted in a British Columbia court show. Meng, 48, was arrested in December 2018 on a warrant from the United States, which alleges that she misled […] Read more


(Xinzheng/Getty Images)

China says could take more action against Canada

Ottawa and allies 'kicking against the pricks,' foreign ministry says

Beijing | Reuters — China said on Monday it reserved the right to take more action after Canada suspended its extradition treaty with Hong Kong and said efforts to pressure Beijing were “doomed to fail like kicking against the pricks.” Chinese foreign ministry spokesman Zhao Lijian made the remarks about the potential for more action […] Read more

Huawei chief financial officer Meng Wanzhou leaves B.C. Supreme Court on a lunch break during her extradition hearing in Vancouver on Jan. 22, 2020. (Photo: Reuters/Jennifer Gauthier)

Huawei CFO’s extradition hearing to stretch into 2021

Judge approves extended schedule sought by lawyers

Reuters — Hearings on Huawei chief financial officer Meng Wanzhou’s extradition to the U.S. from Canada will extend into late April 2021, according to documents released by a British Columbia court on Tuesday. Meng was arrested in December 2018 by Canadian authorities at the Vancouver International Airport on a U.S. warrant from the charging her […] Read more


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Pompeo urges China to release two detained Canadians

U.S. Secretary of State calls charges 'groundless'

Washington/Ottawa | Reuters — U.S. Secretary of State Mike Pompeo called on Monday for the immediate release of two Canadians charged by China with espionage, saying the United States was “extremely concerned” and that the two men’s detention was unjustified. “These charges are politically motivated and completely groundless,” Pompeo said in a statement. Chinese prosecutors […] Read more

File photo of Cong Peiwu, China’s ambassador to Canada, speaking at the Chinese Embassy in Ottawa on Nov. 22, 2019. (Photo: Reuters/Blair Gable)

U.S. is ‘trouble maker’ in China-Canada relationship, envoy says

No word on whether China would retaliate against Canada over latest court decision

Ottawa | Reuters — The United States is using the case of a senior Chinese telecoms executive who was arrested in Vancouver on a U.S. warrant 18 months ago to create friction between China and Canada, China’s envoy to Canada said on Thursday. “The U.S. has been taking advantage of Canada, and the U.S. is […] Read more