GFM Network News

(Photo courtesy Canada Beef Inc.)

Firm feed barley market capped by U.S. corn

Reading Time: < 1 minute CNS Canada — Feed barley bids in Alberta have shown some strength post-harvest and look to remain firm heading through the winter. However, the threat of U.S. corn imports will likely cap the upside. “Barley’s been on the rise here,” said Jared Seitz of Agfinity at Spruce Grove, Alta. Some U.S. corn was crossing the […] Read more

(Photo courtesy Canada Beef Inc.)

Global buyers of quality wheat face disappointment in Canada

Reading Time: 3 minutes Winnipeg/Chicago | Reuters — Buyers looking to Canada for high-quality wheat to make bread as drought roils output in the northern U.S. may be thwarted, as dry weather has also hit crops there. Wheat plants with the high protein content needed to bake bread have shrivelled in the U.S., one of the world’s top exporters, […] Read more

(Dave Bedard photo)

Cargill’s Q3 profit up on ingredient, protein demand

Reading Time: 2 minutes Chicago | Reuters — Global commodities trader Cargill reported a higher quarterly profit on Wednesday as strong earnings from its food ingredients and protein units more than offset lagging results from South American grain trading and processing. The privately held company has been streamlining its operations to focus on higher-margin businesses such as food ingredients […] Read more


Tight high-protein supplies underpin Minneapolis wheat

Reading Time: 2 minutes CNS Canada — Spring wheat futures in Minneapolis are outpacing the Chicago and Kansas City winter wheats to the upside, and tight world supplies of higher-protein wheat should remain supportive until the 2017 North American crop becomes better known. “A lot of it is the protein market,” said analyst Bryan Strommen of Progressive Ag in […] Read more

(Dave Bedard photo)

Cargill posts net profit on special gains; revenue down

Reading Time: 2 minutes Reuters — Global commodity trader Cargill on Wednesday said it turned in a quarterly net profit, boosted by special gains that offset poor results from trading and oilseed processing. Revenue for the privately held company declined for the eighth straight quarter. Minnesota-based Cargill reported net income of $15 million for the fourth quarter ended May […] Read more

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India still rules pulse market, despite potential diet shifts

Reading Time: 2 minutes CNS Canada –– Based on how its high pulse prices and stockpiling regulations have held the market’s undivided attention in recent weeks, India’s place in the driver’s seat of the pulse trade appears safe. While new data from the World Health Organization on the carcinogenicity of processed and red meat is driving attention to alternative […] Read more