GFM Network News

Meat leads Canadian industrial producer prices higher in May

Ottawa | Reuters — Canadian industrial producer prices rose 1.2 per cent in May on higher prices for meat, fish and dairy products, Statistics Canada said on Monday, as supply chain disruptions caused by the coronavirus pandemic and increased demand boosted meat prices. The gain in producer prices followed four months of consecutive decreases and […] Read more

No Prairie farm fuel shortages expected in pandemic

Continuity plans in place to keep fuel moving

Prairie farmers shouldn’t see a disruption to their farm fuel distribution as a result of COVID-19 safety measures. “Our members are committed to minimizing disruptions to the Canadian fuel supply as a result of the pandemic response,” Canadian Fuels Association spokesperson Jason Vaillant said in an email. “Our members are working tirelessly to maintain operations […] Read more

Grain handle drops in CN’s first quarter

Reduced traffic in grain, fertilizers and petroleum, against increased costs from “challenging operating conditions,” ate into the first-quarter bottom line for Canadian National Railway (CN). Montreal-based CN on Monday booked net income of $741 million on total revenues of $3.194 billion for its quarter ending March 31, down from $884 million on $3.206 billion in […] Read more

Public comment sought for Hardisty oil terminal expansion

Comments on the project must be received by Nov. 30

The public is being asked to comment on the proposed Hardisty Rail Terminal Project. USD Terminals Canada is proposing to construct and operate nine new rail tracks and loading infrastructure at its existing rail terminal, located 10 kilometres southeast of Hardisty in eastern Alberta. The proposed project would allow the existing facility, which currently loads […] 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