GFM Network News



The Italgrani USA durum mill at St. Louis, Missouri. (CNW Group/Richardson International)

Richardson to buy major U.S. durum processor

Italgrani's milling, grain handling assets to go to Winnipeg firm

Agrifood firm Richardson International is set to expand and further diversify its grain processing space with a deal for what’s billed as North America’s single largest durum flour and semolina miller. The Winnipeg company said Thursday it will buy 100 per cent of the shares in Italgrani USA Inc., whose assets include a mill, elevator […] Read more



Oats. (Doug Wilson photo courtesy ARS/USDA)

Oats riding high with other crops

MarketsFarm — Increased demand, both domestically and overseas, has caused the price of oats grown in Western Canada to rise compared to last year. And so far, seeding projections and rising prices for other crops suggest the market for oats won’t go down anytime soon. According to Prairie Ag Hotwire data from Wednesday, high-delivered bids […] Read more


(Greg Berg photo)

Oat prices running out of upside

MarketsFarm — Oat prices in Western Canada have shown some strength over the past year, but competition from other crops will likely lead to an acreage reduction this spring despite the firm prices, according to market participants. Ryan McKnight, from Linear Grain at Carman, Man., had seen prices for the crop rise last fall, but […] Read more

(Groupe Soufflet video screengrab via YouTube)

InVivo in talks to acquire French agribusiness Soufflet

Firms see limited overlap outside grain trading

Paris | Reuters — Co-operative group InVivo has entered exclusive talks to acquire family-controlled Soufflet in a deal that would create one of Europe’s biggest agricultural businesses with 10 billion euros (C$15.5 billion) in sales, the French firms said on Wednesday. The potential consolidation comes as France, the European Union’s largest agricultural producer, is trying […] Read more


(ADM.com)

ADM beats profit estimates but revenue disappoints

Reuters — Global grains trader Archer Daniels Midland beat Wall Street estimates for quarterly profits on Thursday, helped by strength in its grain milling and nutrition businesses. Still, revenue missed analysts’ expectations and net earnings attributable to the company were 44 per cent lower than a year earlier. Shares were down nearly three per cent […] Read more

Saudi Arabia completes first phase of flour mill privatization

Dubai/London | Reuters — Saudi Arabia said on Wednesday it had completed the first batch of its flour milling sector privatization, according to a statement by the state grain buyer and privatization centre. The long-awaited flour mills sale was one of the first privatizations the kingdom planned as part of a wide-reaching overhaul of its […] Read more


(AHPhotoswpg/iStock/Getty Images)

Burnett on Markets: Home flour use soars during pandemic

That's led to increased demand for milling wheat -- at least temporarily

It is hard to miss the lack of flour in the grocery aisles lately as consumers stock up on the “essentials.” A number of stores are just rolling out the pallets of flour into the store and they are picked clean by the end of the day. The increased domestic use of flour does not […] Read more

CBOT May 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn rebounds after multi-year lows

Soybeans firm, wheat sags

Chicago | Reuters — U.S. corn futures rose on Tuesday, clawing back from last week’s multi-year lows as traders covered short positions and farmer sales stalled, analysts said. Wheat futures declined, pressured by profit-taking after recent rallies, while soybeans closed modestly higher. Chicago Board of Trade May corn settled up 3-3/4 cents at $3.47-1/4 per […] Read more