GFM Network News

EU prepares new GMO maize cultivation approval

If it goes ahead, the insect-resistant maize would become only 
the second GM crop to be approved for production in the EU

Reuters / The European Union is on course to approve cultivation of a new type of genetically modified maize for the first time in more than a decade, according to a draft proposal from the bloc’s executive seen by Reuters. The proposal was drawn up after Europe’s second-highest court in October blamed the European Commission […] Read more

Prairie wheat bids continue downward trend

CNSC / Cash bids for western Canadian spring wheat continued to move lower during the week ended Nov. 4. Average spot bids for CWRS 13.5 per cent protein across Manitoba, Saskatchewan and Alberta came in at around $219 per tonne ($5.95 per bushel) based on pricing available from a cross-section of delivery points — which […] Read more

U.S. markets rangebound pending new USDA estimates

Canola futures on the ICE Futures Canada trading platform moved lower during the week ended Nov. 1, though the market bounced around on both sides of unchanged throughout the week. Spillover pressure from the losses in Chicago soybeans, the advancing U.S. soybean harvest and expectations of a record-large South American oilseed crop were bearish. The […] Read more