GFM Network News

Feds extend railway grain volume rules through harvest

Reading Time: 2 minutes Reuters —  The Canadian government will require the country’s two big railways to ship more than the current minimum of 1 million tonnes of crops a week through the autumn harvest as it tries to prevent a repeat of last season’s backlog. The regulations announced on Friday in the world’s third-biggest wheat exporter require Canadian […] Read more

U.S. live cattle futures sag with beef prices

Reading Time: 2 minutes Chicago Mercantile Exchange live cattle futures finished lower on Monday on expectations that wholesale beef prices will soon set a seasonal high, traders and analysts said. They said prospects for weaker wholesale beef prices and more cattle available for sale dampened optimism for higher cash cattle prices. CME June and August live cattle drifted below […] Read more

Cargill profits sink as U.S. drought hits meat business

Reading Time: 3 minutes U.S. agrifood giant Cargill said on Tuesday that lingering pressure from a historic U.S. drought hurt its meat and grain operations, knocking quarterly earnings down 42 per cent. The worst drought in more than half a century last year devastated the corn harvest in the United States, the world’s top grain producer, and catapulted prices […] Read more

Ritz sees up to $1B per year in COOL retaliation

Reading Time: 2 minutes Having wrapped up discussions on mandatory country-of-origin labeling (COOL) in Washington, D.C., Agriculture Minister Gerry Ritz said Canada will consider retaliatory measures of up to $1 billion per year if the U.S. doesn’t comply with World Trade Organization requirements. Speaking Tuesday on a conference call with reporters, Ritz said he and U.S. Department of Agriculture […] Read more

New crop pesticide chemistry expands its reach

Reading Time: 2 minutes A relatively new insecticide chemistry group has yielded its first product able to be used against a “cross-spectrum” of chewing and sucking insects — and will be aimed against Colorado potato beetles, among others. DuPont Crop Protection announced Tuesday it has picked up registration from Health Canada’s Pest Management Regulatory Agency for the active ingredient […] Read more

U.S. corn takes biggest two-day fall since 1996

Reading Time: 3 minutes Chicago corn tumbled to its biggest two-day drop since mid-1996, touching the lowest price in nine months, as larger-than-expected U.S. stockpiles weighed down the market. Pressured by corn, Chicago wheat also registered its lowest nearby price in nine months, and soybeans touched a nearly three-month low. Chicago Board of Trade May corn fell 53 cents […] Read more

N.S., N.L. plan fee hikes for farmers

Reading Time: 2 minutes An assortment of service fees the Nova Scotia and Newfoundland and Labrador governments charge to farmers are increasing. The Nova Scotia government on Thursday announced hikes of 5.8 per cent to many of its 1,400 fees across all government departments effective Monday (April 1), while the Newfoundland and Labrador government’s increases for farmers, announced Tuesday, […] Read more

Sask. sweetens terms for community pasture operation

Reading Time: 3 minutes The Saskatchewan government plans to offer an improved deal to rancher groups to take over operations of community pastures being offloaded from the federal government. The province — which received the former Prairie Farm Rehabilitation Administration (PFRA) pastures after the federal government announced in April 2012 it would remove itself from the community pasture business […] Read more