GFM Network News


Feds to probe complaints of wheat gluten dumping

New duties on six countries' gluten imports might follow

Reading Time: 2 minutes Federal officials are launching a probe into whether wheat gluten from six countries is being dumped in Canada at prices undercutting the domestic product. The Canada Border Services Agency (CBSA) said Friday it’s launching an investigation to determine whether “certain wheat gluten” from Australia, Austria, Belgium, France, Germany and Lithuania is being sold at “unfair […] Read more

Green Plains sues ADM, alleging ethanol market manipulation

Reading Time: < 1 minute Chicago | Reuters — Green Plains Inc., one of the biggest U.S. ethanol producers, sued Archer Daniels Midland on Tuesday, accusing the global grain trader of manipulating the price of the biofuel to profit from its positions in the derivatives market. Green Plains filed the proposed class action with the U.S. District Court of Nebraska, […] Read more


Saudi Arabia completes first phase of flour mill privatization

Reading Time: 2 minutes Dubai/London | Reuters — Saudi Arabia said on Wednesday it had completed the first batch of its flour milling sector privatization, according to a statement by the state grain buyer and privatization centre. The long-awaited flour mills sale was one of the first privatizations the kingdom planned as part of a wide-reaching overhaul of its […] Read more

U.S. grains: Corn, soybean futures down off gains

Chicago wheat also weak

Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures fell on Friday after three straight days of gains as investors took some risk out of the market due to demand uncertainty stemming from the global coronavirus pandemic, traders said. Wheat futures also were lower, with forecasts for some rain in key production areas of Europe […] Read more


Major grain traders’ e-transaction platform gets name

Reading Time: 2 minutes The blockchain-based global commodity transaction platform being developed by six of the world’s biggest agrifood firms is moving ahead with a new name and project leader. The six companies — ADM, Bunge, Cargill, Louis Dreyfus, Cofco and Glencore Agriculture — announced Wednesday the project will be named Covantis, and have hired former ADM executive Stefano […] Read more

ADM says to focus on organic growth after acquisitions

Reading Time: < 1 minute Geneva | Reuters — Grain trader Archer Daniels Midland does not expect to continue its aggressive strategy of acquisitions in the next few years and will instead focus on organic growth, a senior official said on Wednesday. “With this level of acquisitions we have had, I don’t think you will see ADM being a very […] Read more


Major grain traders face one-two punch from U.S. floods, trade war

Reading Time: 3 minutes Chicago | Reuters — Severe U.S. weather likely dented earnings for large grain companies including Archer Daniels Midland and Bunge for a second straight quarter, adding to headwinds from a still-unresolved U.S.-China trade war, analysts and economists said. ADM and Bunge, as well as peers Cargill and Louis Dreyfus, known as the ABCD quartet of […] Read more

ADM to combine grain trading, oilseed businesses

Reading Time: 2 minutes Chicago | Reuters — Global grains trader Archer Daniels Midland said Wednesday it will consolidate five business units into four in the company’s second reorganization in just over a year as adverse weather and a U.S.-China trade dispute threaten profits. ADM will combine its grain trading and oilseeds segments into a new business unit called […] Read more


Climate change has U.S. fund managers adjusting agriculture investments

Reading Time: 3 minutes New York | Reuters — After historic floods devastated Midwestern agricultural states this spring, some fund managers are evaluating how climate change will affect the long-term value of companies that make or sell products ranging from tractors to fertilizer. The issue is not simply the unpredictability of weather. Instead, fund managers say, they are struggling […] Read more

ADM’s move to spin off ethanol assets speaks to industry’s woes

Reading Time: 2 minutes New York/Chicago | Reuters — Biofuels pioneer Archer Daniels Midland took another step toward abandoning its pure-play ethanol assets on Friday, the latest sign of the industry’s struggles with U.S. President Donald Trump’s trade wars, thin margins, and overproduction. U.S. law requires ethanol to be blended into gasoline but domestic demand for the biofuel added […] Read more