GFM Network News

Maduro rebukes Kellogg for leaving Venezuela

Caracas/Valencia | Reuters — Venezuelan President Nicolas Maduro blasted U.S.-based cereal maker Kellogg Co. on Tuesday for pulling out of the country due to the economic crisis and vowed to hand over the company’s factory to workers. At a campaign rally ahead of Sunday’s presidential election, which Maduro is expected to win, the president called […] Read more

U.S. grains: Soybeans set six-month top

Chicago | Reuters — U.S. soybean futures rose about two per cent on Tuesday, touching a six-month high on worries about excessive rains in Argentina crimping production prospects, analysts said. Corn and wheat followed the firm trend, drawing additional support from a setback in the dollar. Chicago Board of Trade March soybeans settled up 23 […] Read more

Lower loonie helps farmers, but only so much

CNS Canada — The slumping price of oil continues to weigh on the Canadian dollar, while at the same time providing a boost to Canadian grain prices. Out-of-country buyers tend to more attracted to Canadian grain and wheat when the loonie is low, as they can get more product for their money. However, one market […] Read more