GFM Network News



Argentine soybeans facing tax increases

Reading Time: 2 minutes MarketsFarm — Not many major divergences can be seen between the U.S. Department of Agriculture’s data (USDA) on Argentina’s soybean crop and data from the department’s attaché in Buenos Aires. What may bring changes to the country’s soybean industry are tax increases imposed by the new federal government, according to Benjamin Boroughs, the USDA attaché. […] Read more


Major grocers roll out plant-based burgers, undercut Beyond Meat

Reading Time: 3 minutes Chicago | Reuters — Cashing in on rising demand for imitation meat, major retailers including Kroger and Walmart recently began to carry Beyond Meat’s plant-based burgers and sausages. Now, several stores are creating similar products that will compete with Beyond Meat. Kroger Co., the biggest U.S. grocer, on Wednesday rolled out its own line of […] Read more



China eases customs curbs for soy imports through northern border

Reading Time: 2 minutes Beijing | Reuters — China has eased customs regulations on imports of soybean through some northern border checkpoints, the commerce ministry said, a move that could smooth the way for shipments from neighbours such as Kazakhstan, Russia and perhaps Ukraine. The changes come as China looks to diversify soybean imports amid trade tension with the […] Read more

Grain flow shifts from China trade war may last years, CHS says

Reading Time: 2 minutes Chicago | Reuters — The U.S.-China trade war has accelerated Brazilian efforts to erode the United States’ share of the world soybean export market, and some of the shifts in global grain flows could last for years, according to executives at CHS Inc., the largest U.S. farmer co-operative. Even with a so-called ‘Phase One’ trade […] Read more


CBOT weekly outlook: Trade awaits solid details on ‘Phase One’

Reading Time: 2 minutes MarketsFarm — While optimism towards the ‘Phase One’ trade deal between the U.S. and China has continued, its initial impact on the Chicago Board of Trade (CBOT) has diminished, according to one trader. “I think the biggest thing is everyone is on hold wondering, is it real? The actual terms of this [agreement] are still […] Read more

StatsCan shows corn, soy output down across board

Reading Time: 2 minutes Despite increases in Ontario’s harvested acres for both soybeans and corn, the province’s production of both crops in 2019 followed the rest of Canada’s lower in Statistics Canada’s latest estimates. StatsCan’s November estimates for production of principal field crops, released Friday, dropped Canada’s production of soybeans to six million tonnes, down 18.5 per cent from […] Read more


KFC tests plant-based ‘fried chicken’ in Ontario

Reading Time: 2 minutes Fast-food chicken chain KFC is collecting feedback from a one-day, one-store test of a new Canadian-made plant-based “fried chicken” product for the Canadian market. The Canadian arm of the Yum Brands-owned chain set up a “limited” test run for what it calls KFC Plant-Based Fried Chicken at its 6055 Creditview Rd. store in Mississauga, Ont. […] Read more

CBOT weekly outlook: Soy, corn stuck waiting on trade news

Reading Time: < 1 minute MarketsFarm — Soybean and corn futures at the Chicago Board of Trade remain in a holding pattern, waiting for concrete news on ongoing negotiations between the United States and China. Activity during the last week of November was slowing down as traders moved to the sidelines ahead of the U.S. Thanksgiving holiday, with attention expected […] Read more