GFM Network News


Huawei Technologies CFO Meng Wanzhou leaves her home to attend a court hearing in Vancouver on Sept. 24, 2021. (Photo: Reuters/Jesse Winter)

Huawei executive, U.S. reach deal to dismiss charges

Meng Wanzhou would be allowed to leave Canada

Updated, Sept. 24 — Reuters — Huawei chief financial officer Meng Wanzhou has reached an agreement with U.S. prosecutors to end the bank fraud case against her, U.S. prosecutors said on Friday, a move that should allow her to leave Canada and relieve a point of tension between China and the United States. Meng was […] Read more



File photo of emerging durum south of Griffin, Sask. on May 31, 2019. (Leeann Minogue photo)

BASF warns on seeding choices for drought-hit imi-treated fields

Steer clear of non-Clearfield canola, durum, canary seed in rotations, company says

Updated, Sept. 22 — The maker of Odyssey, Solo and Viper is warning grain growers whose fields were excessively dry in 2021 that those herbicides may not break down soon enough in those soils to allow certain seeding choices in 2022. BASF Canada on Monday issued an “urgent notice to growers” in which the company […] Read more

A freighter is loaded with grain from a terminal at Vancouver’s Burrard Inlet. (Maxvis/iStock/Getty Images)

Grain exports running well behind year-ago pace

Prices, low stocks keep lid on demand

MarketsFarm — Canadian grain exports are running well behind the year-ago pace through the first few weeks of the 2021-22 marketing year, as smaller supplies and high prices limit offshore demand. Total exports of all of the major grains, oilseeds and pulses as of Sept. 12 of 3.162 million tonnes are down by about 2.1 […] Read more


ICE November 2021 canola (candlesticks) with Bollinger bands (20,2). (Barchart)

ICE weekly outlook: Canola remains rangebound

Trade predicts even smaller production

MarketsFarm — At least for the foreseeable future, ICE Futures canola is likely to remain rangebound, according to analyst David Derwin of PI Financial in Winnipeg. The November canola contract has support at $850 per tonne and when it bumps up to around $900 it’s quickly pulled back, he said. “Sideways is not very exciting, […] Read more

A soybean crop at Headingley, Man. on Sept. 2, 2021. StatsCan’s latest estimates project drought-hit Manitoba’s soybean production to drop by 22.2 per cent from 2021, while Canada’s soybean harvest overall is expected down 7.4 per cent on the year. (Dave Bedard photo)

Prairie crops downgraded in latest StatsCan estimates

Corn, soybean crops upsized from previous report

MarketsFarm — Drought conditions across Canada’s Prairies cut into yields throughout the region in 2021, with production of most of the major crops downgraded by Statistics Canada in updated crop estimates released Tuesday. Using satellite imagery, the government agency now sees total canola production for the 2021-22 crop year at 12.78 million tonnes, which compares […] Read more


(Photo courtesy Canola Council of Canada)

Canada’s canola production likely to be cut further

MarketsFarm — Barely two weeks after Statistics Canada projected 2021-22 canola production to come in around 14.7 million tonnes, the U.S. Department of Agriculture forecast the Canadian oilseed crop to be about 14 million tonnes. Now, a few days after USDA’s supply and demand estimates, Statistics Canada is already set to update its Aug. 30 […] Read more

strathcona refinery

Boom times: Green diesel plant could light a fire under canola

New renewable diesel facility expected to soak up a lot of canola oil, and fuel major production increases

Reading Time: 5 minutes Alberta farmers could see a huge new market for their canola right in their own backyard — the country’s largest renewable diesel facility. “It’s exciting news,” said Chris Vervaet, executive director of the Canadian Oilseed Processors Association. “Another market — and a potentially significant market — that drives demand is a boon for the canola […] Read more


(Alfio Manciagli/iStock/Getty Images)

Canola ending stocks down on year, but beat expectations

StatsCan pegs barley ending stocks at record low

MarketsFarm — Canadian canola ending stocks were down sharply at the end of 2020-21 compared to the previous marketing year, but still came out well ahead of trade expectations. Many other crops also saw larger-than-expected carryout numbers in Statistics Canada’s principal field crop stocks report as of July 31, 2021, released Wednesday. According to MarketsFarm […] Read more

File photo of a canola crop south of Ethelton, Sask. in 2019. (Dave Bedard photo)

Nexera canola seed to come with heat blast insurance

Corteva's 'Heat Advantage' provides coverage on seed purchased by Oct. 29

Farmers can’t prevent canola flowers from aborting in hot weather resulting in lower yields, but one seed company is providing some insurance against it — as part of the price of the seed. Brevant’s Nexera canola seed comes with a “a first-of-its-kind” insurance policy worth up to $100 an acre to offset yield losses due […] Read more