GFM Network News


CBOT May 2021 corn with 20- and 50-day moving averages. (Barchart)

U.S. grains: Nearby corn futures firm as USDA reports big sales to China

CBOT May soybeans, wheat also up

Reading Time: < 1 minute Chicago | Reuters — U.S. corn futures edged higher in actively traded nearby contracts on Tuesday on strong export demand after the U.S. Department of Agriculture confirmed the largest sales to China since January. Soybean futures were mixed, with nearby prices rising on concerns about South American harvest weather and spillover support from higher spot […] Read more

CBOT May 2021 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Weak export sales report pushes soy, wheat lower

Weekly corn exports slip to eight-month low

Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures fell 1.3 per cent on Thursday, after hitting a 6-1/2-year high overnight, on signs of poor export demand for U.S. supplies, traders said. Weak overseas demand also pressured the corn and wheat markets. “You had poor export sales,” said Jim Gerlach, president of U.S. broker […] Read more


(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

File photo of a cornfield in Argentina. (Reisegraf/iStock/Getty Images)

Argentina lifts corn export ban

Export suspension to be replaced with 30,000-tonne sales cap

Reading Time: < 1 minute Buenos Aires | Reuters — Argentina has lifted a suspension on corn exports announced in December and will opt instead for a temporary 30,000-tonne daily cap on sales abroad, its agriculture ministry said on Monday, backing off the more restrictive measure that had infuriated farmers in the South American grains powerhouse. The world’s No. 3 […] Read more


(Farm-King.com)

Buhler pulls Farm King manufacturing back to Canada

Work to halt at Minnesota plant early next year

Reading Time: 2 minutes Winnipeg farm equipment maker Buhler Industries is relocating its Farm King manufacturing work back to Canada from the U.S. this winter. After consolidating its U.S. manufacturing this summer into one plant at Willmar, Minn., about 140 km west of Minneapolis, the company said Thursday it will also halt production at Willmar in early 2021. Buhler, […] Read more

File photo of a Prince Edward Island potato field. (Onepony/iStock/Getty Images)

P.E.I. seed potato growers backed for lost sales, costs

Pandemic compensation plan to take applications until mid-January

Reading Time: 2 minutes Seed potato growers on Prince Edward Island who lost sales this year due to the COVID-19 pandemic, or have had to store or throw out stock, can soon apply for provincial compensation. The provincial government on Monday announced $1.19 million for a new Seed Potato Recovery Program, for seed growers “who can demonstrate that they […] 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


(Bouillante/iStock/Getty Images)

Plummeting french fry sales have potato growers re-evaluating

Restaurant closures slash demand, though 'chip sales have been great'

Reading Time: 2 minutes French fry sales are down across North America as tens of thousands of restaurants have closed during COVID-19, meaning the potato industry has to adapt quickly. Companies that turn potatoes into french fries, wedges and hash browns are slowing down, because there isn’t enough space to store all the frozen product. In Alberta and Manitoba, […] Read more

(File photo)

Livestock auction marts to decide on next steps

Livestock Marketing Association of Canada pondering next move in face of pandemic

Reading Time: < 1 minute You may want to call first to see if it’s open, but many auction marts in Alberta were still having sales on Tuesday morning. The Livestock Marketing Association of Canada has a conference call set for this evening to discuss COVID-19 safety measures for staff, customers and buyers, said Chance Martin, an LMAC director and […] Read more