GFM Network News



U.S. grains: Soybeans rebound from 10-year low

Chicago | Reuters — U.S. soybean futures rose roughly two per cent on Wednesday, rebounding a day after the most active contract fell to a 10-year low as the harvest of a likely record-large U.S. crop got under way, analysts said. U.S. wheat futures climbed on technical buying and tightening global supplies, while corn futures […] Read more


Norway to upgrade ‘doomsday’ seed vault

Oslo | Reuters — Norway plans to spend 100 million Norwegian crowns (C$16.1 million) to upgrade a doomsday seed vault on an Arctic island built 10 years ago to protect the world’s food supplies, the government said on Friday. The Svalbard Global Seed Vault is meant as a natural deep freeze to back up the […] Read more






Russia-Turkey tensions stymie new wheat deals

Reuters — Political tension between Russia and Turkey has put a brake on new wheat deals between the two countries and created uncertainty about existing agreements, traders said Thursday. Relations between Russia, one of the world’s largest wheat exporters, and Turkey, the largest buyer of Russian wheat, have quickly deteriorated after Turkey shot down a […] Read more



Syrian war spurs first withdrawal from doomsday seed vault

Oslo | Reuters –– Syria’s civil war has prompted the first withdrawal of seeds from a “doomsday” vault built in an Arctic mountainside to safeguard global food supplies, officials said Monday. The seeds, including samples of wheat, barley and grasses suited to dry regions, have been requested by researchers elsewhere in the Middle East to […] Read more

Fighters target vital water facilities across Middle East

Geneva | Reuters –– Fighters are increasingly targetting water and sanitation facilities across the Middle East, exacerbating severe shortages for agriculture and households, the International Committee of the Red Cross (ICRC) said on Wednesday. Consumption of water in the volatile region with rising populations was already at unsustainable levels in many areas hit by record-low […] Read more