GFM Network News


(File photo by Dave Bedard)

Nutrien beats profit expectation on strong potash sales

Reading Time: 2 minutes Reuters — Canadian fertilizer maker Nutrien posted fourth-quarter profit above analysts’ estimates on Wednesday as potash demand rose amid rising crop prices, sending its U.S.-listed shares up in extended trade. Fertilizer producers have benefited from high U.S. crop exports, including record-large corn sales to China. With crop prices touching multi-year highs, farmers are poised to […] Read more

Signage on a Tweed retail outlet in Winnipeg. (Dave Bedard photo)

Pot producer Canopy Growth sees profit in 2022

Costs cut, revenue increasing

Reading Time: 1 minute Reuters — Canopy Growth Corp., the world’s largest pot producer, said on Tuesday it expects to turn a profit in the second half of 2022 after aggressive cost-cutting and higher demand for cannabis products helped narrow third-quarter losses. Canadian pot producers have been under pressure from investors seeking returns as profits remain elusive due to […] Read more


Chickpeas. (CalypsoArt/iStock/Getty Images)

Pulse weekly outlook: Adversity bolsters chickpea bids

'Other crops just pencil in better'

Reading Time: 2 minutes MarketsFarm — Canadian chickpea prices have either stayed firm or slightly went up as the pulse runs into more than its fair share of adversity. Limited supply, reduced demand and environmental factors have all affected the long-term prospects of the crop at home and abroad, according to Colin Young of MidWest Grain in Moose Jaw. […] Read more

(ADM.com)

ADM beats profit estimates but revenue disappoints

Reading Time: 2 minutes Reuters — Global grains trader Archer Daniels Midland beat Wall Street estimates for quarterly profits on Thursday, helped by strength in its grain milling and nutrition businesses. Still, revenue missed analysts’ expectations and net earnings attributable to the company were 44 per cent lower than a year earlier. Shares were down nearly three per cent […] Read more


(Dave Bedard photo)

Bunge lifts outlook as quarterly profit nearly doubles

Reading Time: 2 minutes Reuters — Agricultural commodities trader Bunge Ltd. raised its 2020 outlook after reporting a 91 per cent jump in adjusted third-quarter profit on Wednesday, as strong soy processing margins and robust demand for soy products boosted its core agribusiness segment. Bunge shares rose almost seven per cent to their highest level in more than a […] Read more

Syngenta’s headquarters in Basel, Switzerland. (Photo courtesy Syngenta)

Syngenta says IPO ‘on track’

Ag chem firm books higher first-half profit

Reading Time: 2 minutes Zurich | Reuters — Agricultural chemical maker Syngenta posted higher first-half profit and sales on Thursday, helped by maintaining supplies to farmers and controlling costs during the coronavirus outbreak, and said it was on track to complete its public listing by mid-2022. The Swiss company, bought by state-owned ChemChina for $43 billion in 2017, posted […] Read more


(File photo by Dave Bedard)

Nutrien cuts profit forecast on weak ammonia prices

Reading Time: < 1 minute Reuters — Canadian fertilizer maker Nutrien on Monday cut its annual adjusted profit forecast as weaker-than-normal industrial demand held back prices for ammonia and urea ammonium nitrate. The company cut the top end of its 2020 adjusted earnings per share forecast to $1.90 from $2.10 earlier, while retaining the lower end at $1.50. Even as […] Read more

(Dave Bedard photo)

Loblaw beats profit estimates as online sales surge

Reading Time: < 1 minute Reuters — Loblaw beat quarterly revenue and profit estimates on Thursday, driven by a near-fourfold jump in online sales, as stay-at-home Canadians used the retailer’s pickup and delivery services to stock up on bread, milk and eggs. With consumers still limiting their trips outdoors due to the COVID-19 pandemic, the company said it would invest […] Read more


A freight train at Manchac, La., about 75 km east of Baton Rouge. (CN.ca)

CN strike to weigh on railway’s 2019 profit

Reading Time: < 1 minute Reuters — Canadian National Railway on Tuesday cut its adjusted profit growth target for 2019, citing shipment delays from the country’s largest rail strike in a decade that ended last week. Shares in CN, which counts billionaire Bill Gates’ investment firm as its biggest shareholder, fell almost two per cent in morning trading in both […] Read more

(Dave Bedard photo)

Maple Leaf profit misses estimates on weak pork prices

Reading Time: 2 minutes Reuters — Packaged meat producer Maple Leaf Foods missed analysts’ estimates for quarterly profit on Thursday, as weak pork prices offset growth in its prepared meats business. Pork prices have taken a beating from the Sino-U.S. trade war, with China’s retaliatory tariffs affecting demand from the South Asian country, which is the world’s biggest pork […] Read more