GFM Network News



The Archer Daniels Midland Co. (ADM) logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2018.
 Photo: REUTERS/Brendan McDermid

ADM quarterly profit surges amid strong U.S. corn exports to China

Reading Time: 2 minutes Reuters – U.S. grain merchant Archer-Daniels-Midland Co on Tuesday reported quarterly profit leapt 52 percent due to strong exports and oilseed crushing margins. The bigger-than-expected earnings sent shares to a two-week high and extended a recovery from the COVID-19 pandemic, which last year hurt demand for the company’s ethanol and food products. Shares were up […] Read more


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Pulse weekly outlook: Healthy demand for heat-stricken Manitoba pulses 

Reading Time: < 1 minute MarketsFarm – If Manitoba’s pea harvest is any indication, the province’s pulse crops will be largely deteriorated by the hot and dry weather affecting all of Western Canada, according to Manitoba Pulse & Soybean Growers executive director Daryl Domitruk. “It has affected (pulses) like it has affected most of the other crops, in that severe […] Read more

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U.S. livestock: Profit-taking drags down CME livestock futures

Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange live cattle futures fell on Tuesday after rising to their highest price in more than three weeks, while feeder cattle pulled back from contract highs on Monday. Lean hog futures also weakened as traders took money off the table after recent gains. Traders said profit-taking hit cattle markets […] Read more


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U.S. grains: Soybeans rise for second day after U.S. crop conditions report

Reading Time: 2 minutes New York | Reuters – Chicago soybean rose for a second consecutive session on Tuesday, after a weekly U.S. government report showed crop conditions deteriorated unexpectedly last week. Corn and wheat both fell as traders took profits at midday after prices rose in the session. “It’s a trading range without much conviction,” said Brian Hoops, […] Read more



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Rodent poisons allowed on B.C. farms during temporary ban

Reading Time: 2 minutes British Columbia has temporarily banned a stronger class of rodent poisons pending a review of their effects on non-target wildlife, but farm uses will be exempt. The province on July 21 announced an 18-month prohibition on sales and use of second-generation anticoagulant rodenticides (SGARs). The second-generation products are “more powerful” than the previous generation and […] Read more

Westshore’s coal terminal would expand to handle potash if BHP’s Jansen mine proceeds.  Photo: Maxvis/iStock/Getty Images

BHP reaches port services deal for potash mine

Reading Time: < 1 minute Toronto | Reuters — BHP Group has reached conditional agreement with a unit of Westshore Terminals Investment Corp. for port services for the global miner’s proposed Jansen, Sask. potash mine, the terminal operator said July 22, moving the project closer to fruition. The port agreement is subject to approval by BHP’s board and conditional on […] Read more



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U.S. livestock: CME live cattle top three-week high; feeder cattle set contract high

Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange live cattle futures topped a three-week high on Monday on expectations that supplies will tighten in the coming months, while feeder cattle set a contract high, traders said. The U.S. Department of Agriculture, in a monthly report issued after the markets closed on Friday, said 1.67 million cattle were […] Read more