GFM Network News

Grain handle helps lift CN quarterly revenue

An increase in Canadian grain traffic helped support Canadian National Railway’s third-quarter revenues, though the costs of increased traffic ate at its bottom line. Montreal-based CN on Tuesday reported net income of $958 million on total revenues of $3.221 billion for the quarter ending Sept. 30, down from $972 million on $3.014 billion in the […] Read more

Diesel prices remain high across Prairies

CNS Canada — While the price of crude oil continues to decline across North American markets, diesel remains stubbornly high in Western Canada. Prices are equal to gasoline, or in some cases, exceeding them by as much as 10 cents in some Saskatchewan and Manitoba locations. “Diesel production in the West has been crimped by […] Read more

Canola and barley markets offer opportunities in a time of low crop prices

Fundamentals favourable for canola and barley but not other grains and oilseeds, 
says commodity strategist Moe Agostino

In a time of flat or falling prices, canola and barley offer a little ray of hope, according to Moe Agostino, chief commodity strategist with Risk Management. Tight supply is positive for canola, but the key is strong demand fuelled by the plunge in the Canadian dollar, Agostino told a packed room at FarmTech. […] Read more

Crop prices tied to petroleum and that’s not good for farmers

British economist says the biofuel boom led to a massive 
increase in production of grains and oilseeds, which firmly 
linked agriculture to energy markets

Producers in the FarmTech conference room looked crestfallen after David Jackson told them the global oilseed market is tied to petroleum — and that oil prices will remain low for a long time. “A lot of it is out of your control,” said the British economist and director of oilseeds at LMC International, a global […] Read more