GFM Network News


A sharply smaller spring wheat harvest due to drought may force bakers to change how they work with flour.  Photo: DanielBendjy/E+/Getty Images

Millers, bakers fret as drought withers North America’s spring wheat

Reuters – Millers and bakers are draining wheat reserves and paying more for spring wheat used in baking, as drought shrivels crops across the Canadian Prairies and northern U.S. Plains that produce more than half of the world’s supply. U.S. and Canadian farmers are bracing for a sharply smaller spring wheat harvest due to the […] Read more



A general view of damage at the site of Tuesday’s blast in Beirut’s port area on Aug. 5, 2020. (Photo: Reuters/Mohamed Azakir)

After blast, Lebanon has less than a month’s grain reserves

Beirut port silos had capacity for 120,000 tonnes; about 15,000 tonnes were stored at time of blast

Beirut/Dubai | Reuters — Lebanon’s main grain silo at Beirut port was destroyed in a blast, leaving the nation with less than a month’s reserves of the grain but enough flour to avoid a crisis, the economy minister said on Wednesday. Raoul Nehme told Reuters a day after Tuesday’s devastating explosion that Lebanon needed reserves […] Read more

Saudi Arabia completes first phase of flour mill privatization

Dubai/London | Reuters — Saudi Arabia said on Wednesday it had completed the first batch of its flour milling sector privatization, according to a statement by the state grain buyer and privatization centre. The long-awaited flour mills sale was one of the first privatizations the kingdom planned as part of a wide-reaching overhaul of its […] Read more


CBOT May 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Wheat posts steepest drop since August

Soy drop biggest in 2-1/2 weeks; corn extends losses on big supply, weak ethanol demand

Chicago | Reuters — U.S. wheat prices fell more than three per cent on Wednesday as coronavirus fears dragged down equities markets and lifted the dollar, sending Chicago wheat futures to their steepest decline in 7-1/2 months. Soybeans fell more than two per cent, the most in 2-1/2 weeks, and most corn contracts posted fresh […] Read more

(AHPhotoswpg/iStock/Getty Images)

Burnett on Markets: Home flour use soars during pandemic

That's led to increased demand for milling wheat -- at least temporarily

It is hard to miss the lack of flour in the grocery aisles lately as consumers stock up on the “essentials.” A number of stores are just rolling out the pallets of flour into the store and they are picked clean by the end of the day. The increased domestic use of flour does not […] Read more


CBOT May 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Wheat retreats from two-month peak

Corn rallies to end firm

Chicago | Reuters — U.S. wheat futures fell on Thursday, retreating from a two-month high set the previous session, as traders booked profits and awaited developments in the coronavirus crisis that had sparked the recent run-up in wheat markets. Soybean futures also declined but corn rallied late in the session to eke out a modest […] Read more

(Gelmold/iStock/Getty Images)

CBOT weekly outlook: Wheat futures underpinned for now

However, traders still watching headlines

MarketsFarm — U.S. wheat futures have climbed higher over the past week, with the largest gains in Chicago Board of Trade soft wheat, as global uncertainty over the COVID-19 pandemic provided some support. However, that uncertainty could also makes predicting market trends rather difficult, according to an analyst. “All of my comments come with a […] Read more


Gordon Harrison. (Manitoba Co-operator file photo by Allan Dawson)

Lots of flour to go around, millers’ association says

System is 'doing extremely well' and should have no problem keeping up with demand, CNMA's Gordon Harrison says

The grain supply chain is working as it should during the COVID-19 pandemic, says the president of the Canadian National Millers Association. “From the milling industry vantage point, the movement of grain from farm to the producer to the elevator systems to mills is doing extremely well,” Gordon Harrison said Tuesday. “The grain supply chain […] Read more

Ardent Mills’ milling facility at Saskatoon. (ArdentMills.com)

North America’s millers, bakers scramble to satisfy bread binge

Chicago/Winnipeg | Reuters — North American flour mills and bakeries are rushing to boost production as the spread of the COVID-19 coronavirus leads to consumer stockpiling of staples such as bread and pasta. The virus’ spread prompted orders to stay at home in some U.S. states, including New York, California and Illinois last week, following […] Read more