GFM Network News

U.S. soybeans drop for fourth straight day on weak demand

Reading Time: 2 minutes U.S. soybean futures fell for a fourth consecutive session on Friday and posted their steepest weekly drop in two months as processors crushed fewer beans last month than expected and as South American supplies continued to flood the global market. U.S. corn futures slipped from an earlier five-week high but closed near previous levels. Wheat […] Read more

Over half of farmers plan to expand, diversify: FCC

Reading Time: 3 minutes Almost six in 10 farmers nationwide plan to expand or diversify their farming operations in the next five years, according to a new survey by Canada’s federal ag lender. Farm Credit Canada on Tuesday released results from a national survey of its Vision panel, showing 27 per cent of producers plan expansion, 11 per cent […] Read more

CWB on hook for $1.8M in wheat suit: report

Reading Time: 2 minutes The Canadian Wheat Board plans to appeal a Manitoba court’s order that it pay $1.8 million to two overseas grain buyers in a 26-year-old case, according to the Reuters news service. Court of Queen’s Bench Justice Lea Duval ruled July 17 in Winnipeg, home to the CWB’s head office, that the board is liable for […] Read more

Potato processor Cavendish buys appetizer business

Reading Time: 2 minutes An Ontario frozen fruit company plans to sell its appetizer business to North America’s No. 4 processor of frozen potato products. Omstead Foods, based at Wheatley, about 60 km southeast of Windsor, announced Thursday it would sell its appetizer division to Cavendish Farms for an undisclosed sum. The deal includes the processing equipment at Omstead’s […] Read more