GFM Network News


Feds line up projects for surplus food program

NGOs backed to gather, distribute 12 million kg of food

The federal government has lined up eight projects to source and distribute perishable produce, meat, eggs and seafood piling up across Canada due to the COVID-19 pandemic. As part of the federal pandemic response, Prime Minister Justin Trudeau announced in early May that Ottawa would budget $50 million for a food surplus purchase program. The […] Read more

CBOT weekly outlook: Ag commodities steady

Slack demand for biofuel has dragged on corn

MarketsFarm — Crop commodity values on the Chicago Board of Trade (CBOT) have largely stabilized as COVID-19 restrictions are relaxed in several U.S. states. “We’ve been playing this virus for a few months now,” said Scott Capinegro of Barrington Commodities in Barrington, Ill. COVID-19-related lockdown measures decimated demand for ethanol, which put considerable pressure on […] Read more