GFM Network News


Bunge lifts outlook as quarterly profit nearly doubles

Reuters — Agricultural commodities trader Bunge Ltd. raised its 2020 outlook after reporting a 91 per cent jump in adjusted third-quarter profit on Wednesday, as strong soy processing margins and robust demand for soy products boosted its core agribusiness segment. Bunge shares rose almost seven per cent to their highest level in more than a […] Read more






Manitoba grain firm Delmar Commodities on the block

Delmar Commodities is set to be sold to Ceres Global Ag, an integrated commodity group with operations throughout North America. The Winkler, Man. grain, oilseed and processing firm was founded by Martin Harder in 1995 from castoff elevators during the grain sector’s consolidation push at the time. Harder left the firm in 2010, selling his […] Read more

Monthly Canadian canola crush well below average

MarketsFarm — Canada’s monthly canola crush hit its lowest level in 1-1/2 years in February, according to the latest crushing data from Statistics Canada. The agency reported that 635,526 tonnes of canola were crushed in February 2019. That was down by nearly 200,000 tonnes from the January level and compares with the monthly average over […] Read more



Canada’s canola meal sales to China at five-year high

Winnipeg/Beijing | Reuters –– Canadian canola meal shipments to China have jumped to their highest level in five years, boosting profits of crush plants and firming prices as farmers slog through a difficult harvest. Canada shipped 415,000 tonnes of canola meal to China from January through August, the most since 2011 and following zero shipments […] Read more


Viterra books lower first-half revenues for Glencore

“Average” crops and lower prices on the Prairies in the first half of 2016 led to results “substantially below” those in the year-earlier period for Viterra’s Canadian operations. Viterra’s owner, Swiss commodity mining/marketing firm Glencore, on Wednesday reported a nine per cent drop in revenues across its global agricultural products business, from $10.74 billion in […] Read more