GFM Network News


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 December 2019 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soy, corn close higher

Chicago | Reuters — U.S. soybean and corn futures settled up on Thursday, as traders squared their positions ahead of a U.S. government report next week expected to clarify how many acres were planted of the two crops. Dealers said a rebound in energy prices provided some support, although there remained ongoing concerns in the […] Read more



G3 Canada’s elevator at Melville, Sask., which opened in August, will be similar to its newly announced elevator to be built at Carmangay. Both will have 134- car loop tracks but the Carmangay elevator will have a larger capacity (42,000 tonnes compared to 34,000 tonnes for the Melville facility).

G3 Canada announces second Alberta elevator

Company’s elevator in Wetaskiwin under construction, work on Carmangay to start shortly

Reading Time: 1 minute G3 Canada Limited is building a second new state-of-the-art elevator in the province. G3 Carmangay will be built southwest of the southern Alberta community, on the east side of Highway No. 23 on the CP Rail line. It will have a capacity of 42,000 tonnes, be able to empty a Super-B truck in under five […] Read more



(Dave Bedard photo)

Saudi Arabia boosts stake in G3 Canada

Winnipeg | Reuters — Saudi Arabia’s agriculture company has taken control of the majority investor in grain handler G3 Canada Ltd., according to a filing, reducing Bunge Ltd.’s stake and strengthening the kingdom’s efforts to secure food supplies. G3 Global Holdings, the joint venture of U.S. agribusiness Bunge and Saudi Agricultural and Livestock Investment Co. […] Read more