GFM Network News


CBOT May 2021 wheat with Bollinger (20,2) bands. (Barchart)

U.S. grains: Storms forecast for Plains drive wheat to one-month low

Corn up, soybeans down, soymeal drops

Chicago | Reuters — U.S. wheat futures extended losses on Friday, touching a one-month low as rain and snow forecast for dry parts of the U.S. Plains improved production prospects, analysts said. Soybean futures finished narrowly mixed, caught between surging soyoil futures amid tightening world vegetable oil supplies, and slowing demand for soymeal, a hog […] Read more

CBOT May 2021 wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Wheat down on forecasts for Plains moisture

CBOT soybeans and corn both end higher

Chicago | Reuters — U.S. wheat futures fell to a one-month low on Thursday, pressured by forecasts for welcome moisture in the southern U.S. Plains crop belt that should boost wheat production prospects, traders said. But soybean and corn futures ended higher, supported by South American supply worries and soaring global vegetable oil prices. Chicago […] Read more


The social media chatter and news stories started spreading when the butter stopped being so easy to apply on a slice of bread.

‘Buttergate’ has dairy sector on the defensive

Hard-to-spread butter suddenly becomes an international controversy on what Canadian dairy farmers feed their cows

Reading Time: 2 minutes It started with a few tweets and texts, but escalated into an issue that drew international attention — and a vow from the chair of Alberta Milk “to do better.” It began with people wondering why their butter no longer spread easily at room temperature before suddenly turning into a controversy over what dairy farmers […] Read more



(Bhofack2/iStock/Getty Images)

Cream of Wheat maker to buy Crisco line from Smucker

Shortening, cooking oil brand goes to B+G Foods

The U.S. company behind the Crisco brand of cooking oils and shortenings is selling that product line to the maker of Cream of Wheat cereal and Green Giant vegetables. New Jersey-based B+G Foods announced Monday it will buy the Crisco product lines from Ohio-based J.M. Smucker for about US$550 million (C$725.1 million). The sale includes […] Read more




Rance: Sustainability isn’t a burden, but an opportunity

Reading Time: 3 minutes It didn’t take long for a young cattle rancher from Saskatchewan to capture the audience’s attention at the recent Canada 2020 National Forum on Agri-Food in Ottawa. “For me, the word ‘sustainability’ is synonymous with McDonald’s,” said Adrienne Ivey, who is part of a family corporation managing 3,000 beef cattle on a 10,000-acre spread near […] Read more



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

U.S. grains: Soybean futures set two-week high

Chicago | Reuters — U.S. soybean futures rose for a fifth straight session to their highest in two weeks as Chinese importers on Monday bought at least five bulk cargo shipments of the oilseed from the United States, or about 300,000 tonnes, traders said. A rally to four-week highs in soyoil futures helped support the […] Read more