GFM Network News


Grain handler group seeks Vancouver port governance overhaul

The WGEA, whose members ship most of Western Canada's grain, complain the port is in a conflict of interest as both developer and regulator

Vancouver, Canada’s biggest port and the most important to Western Canada’s economy, needs major changes in how it operates, the Western Grain Elevator Association (WGEA) says. As a statutory monopoly the port authority is both a port developer and regulator putting it in a conflict of interest, according to WGEA executive director Wade Sobkowich. “We […] Read more

U.S. grains: Corn tops US$5 for first time since 2014

'Water deficit' in Argentina draws interest

Chicago | Reuters — U.S. soybean and corn futures climbed to fresh 6-1/2 year highs on Wednesday, as worries about dry weather hurting Argentine crops attracted speculative buyers, analysts said. Wheat futures fell on a lack of fresh supportive news and an upturn in the dollar, which tends to make U.S. grains less competitive globally. […] Read more


U.S. grains: Soybeans touch six-year high on Argentina strike, weather

Grains complex rebounds after stepping back on news of new coronavirus strain

Chicago | Reuters — U.S. soybeans climbed to six-year highs on Monday as weather and export troubles in Argentina outweighed concerns of a new coronavirus strain hitting Britain. Corn and wheat futures traded near even as soybeans supported the grains complex. Chicago Board of Trade most-active soybeans gained 23-1/2 cents to $12.47-1/2 per bushel, after […] Read more

Pulse industry watching container supply closely

One major container firm is shipping them back to Asia empty to meet a surge in demand

Pulse Canada is keeping an eye on container supplies following the recent announcement by a major supplier it would be shipping them back empty to Asia from North America to meet a surge in demand. Why it matters: Canadian pulse crop exporters rely on shipping containers to get their products to international customers. A lack […] Read more


CBOT weekly outlook: Markets prepare for Laura

Hurricane approaching U.S. Gulf Coast

MarketsFarm — Hurricane Laura, currently a Category 3 hurricane, is expected to hit the U.S. Gulf Coast late Wednesday or early Thursday but the Chicago Board of Trade is already feeling its effects. “It’s going to bring widespread rain and flooding to the Delta region, where unharvested rice, corn and soybean crops may feel a […] Read more

Pulse weekly outlook: Increased demand seen, but problems loom

MarketsFarm — Unlike other commodities, pulses aren’t yet feeling ill effects from an economic downturn due to the COVID-19 coronavirus outbreak, according to Marcos Mosnaim of Globeways Canada in Mississauga. With consumers panic-buying, there has been increased demand for pulses, as many are non-perishable, Mosnaim said. “These products will be there for ages,” he said, […] Read more


Argentine farmers strike to protest export tax hike

Buenos Aires | Reuters — Argentine farmers began a four-day sales strike on Monday to protest the government’s hike of export taxes for soybeans and their byproducts, though shipments were not impacted in the major global food exporter. Three of the South American country’s four main rural associations announced the strike last week in frustration […] Read more

Canada rules out sending police in on rail protests

Superior Propane expects supply shortages soon

Ottawa | Reuters — Canada’s Liberal government said on Friday it was deeply concerned about protests by aboriginal activists that are blocking some key railway lines but rejected a call to send in the police. Indigenous communities opposed to the construction of a gas pipeline project in British Columbia started interrupting rail traffic last week. […] Read more


CN strike drags on, hitting grain exports, fertilizer output

Ottawa/Montreal | Reuters — A prolonged strike at Canadian National Railway, the country’s largest railroad, sent further shocks through the economy on Monday with grain shipments scuttled and layoffs planned at fertilizer producers and an auto shipment terminal. As Canada’s biggest rail strike in a decade entered its seventh day, industry kept pressuring the government […] Read more

China to subsidize grain transportation, storage

Beijing | Reuters — China plans to subsidize grain transportation and storage facilities in the latest push by Beijing to modernize the world’s largest agriculture sector. Beijing will subsidize projects upgrading or building facilities to load and receive grains along main railways and ports for major waterways including the Yangtze and Pearl rivers, a document […] Read more