GFM Network News

(Noel Hendrickson/DigitalVision/Getty Images)

Richardson to buy Wesson cooking oil brand

A household name in U.S. cooking oils is set to become part of Canadian grain handler and oilseed processor Richardson International. Chicago-based Conagra Brands said Tuesday it will sell its Wesson oil brand and related assets — including a 280,000-square foot U.S. processing plant at Memphis — to Richardson for an undisclosed sum. Wesson-branded retail […] Read more

To dramatize the issue of harvest losses, this video shows $5 bills blowing out the back of a combine. it’s not that bad, but the average grower could probably make $10 to $15 an acre by properly adjusting their combine — and some might be giving away $50 an acre or more.

Threshing losses could be costing you tens of thousands this harvest

Canola losses when combining are typically double — and sometimes five times — what they should be

Reading Time: 4 minutes How many tens — or hundreds — of millions of dollars might pour out of the backs of Prairie combines this harvest? No one can say for sure, but Vegreville producer Darcy Sarafinchan knows that if he’s not checking for issues when combining canola, the number can get big in a hurry. “When you start […] Read more

(Dave Bedard photo)

ICE weekly outlook: Canola looks to USDA for direction

CNS Canada — The canola market continues to chop around in its recently-established range of $490-$500 per tonne, but a looming U.S. Department of Agriculture report could change that, according to an industry analyst. “That (USDA supply and demand report) is going to be the driver,” said Keith Ferley of RBC Dominion Securities in Winnipeg. […] Read more

(Dave Bedard photo)

ICE weekly outlook: Canola rises, post-report

CNS Canada — It was an eventful week for the ICE Futures Canada canola market as many in the trade were preparing for the release of Statistics Canada’s crop production report on Thursday. While the report is always taken lightly because it relies on month-old data, it still gives participants some sense of how the […] Read more

(Dave Bedard photo)

Next StatsCan survey expected to show larger canola, wheat crops

CNS Canada — Yields are generally beating earlier expectations as the harvest progresses across Western Canada, which should lead to upward revisions to canola and wheat when Statistics Canada releases its latest production survey results Friday. However, those numbers still may be underreported, and further revisions are expected in subsequent reports. “As the harvest is […] Read more