GFM Network News


(Video screengrab from Conestoga Meats via YouTube)

Major Ontario pork packer expects to re-open Monday

Conestoga Meats went offline April 27

The hog slaughter and processing plant billed as Ontario’s second-biggest pork producer expects to be back in business Monday after a week-long COVID-19-related shutdown. Conestoga Meats, based at Breslau, just east of Kitchener, notified hog farmers and shippers on Friday that it would suspend “most operations” during the week of April 27 to May 1, […] Read more

Members of the Tyendinaga Mohawk Territory block tracks serving Via Rail at Tyendinaga, Ont., east of Belleville, on Feb. 13, 2020. (Photo: Reuters/Chris Helgren)

CN halts rail traffic in East due to protests

Grain groups seek dispute resolution or enforcement of court orders

Canadian National Railway (CN) is shutting down its Eastern Canada operations due to ongoing blockades on its rail lines in Ontario. The company announced Thursday it’s been “forced to initiate a disciplined and progressive shutdown” in the region, which means “stopping and safely securing all transcontinental trains across its Canadian network.” The decision “may imminently […] Read more





CBOT March 2019 corn with Bollinger (20,2) bands. (Barchart)

CBOT weekly outlook: Quiet markets wait on USDA reports, China sales

Pending the release of U.S. Department of Agriculture (USDA) reports on Friday, trading on the Chicago Board of Trade (CBOT) has remained quiet, according to one broker, who was cautious about U.S. soybean sales to China. Following the 35-day partial U.S. government shutdown that ended Jan. 25, USDA will have taken two weeks to prepare […] Read more

ICE March 2019 canola (candlestick chart) with CBOT March 2019 soyoil (green line). (Barchart)

ICE weekly outlook: Canola waits on trade talks, USDA reports

ICE canola futures are quiet at the end of January, but could see some movement from outside influences in the coming weeks, according to Exceed Grain senior marketing analyst Wayne Palmer. “Everybody is waiting to see what’s going to happen with the Chinese/United States (trade) talks,” he said. Two days of high-level trade negotiations between […] Read more





USDA’s main home page on Jan. 11, 2019. (GFM Staff photo)

USDA extends deadline for aid after shutdown

Washington | Reuters — U.S. farmers now have until Feb. 14 to apply for federal aid designed to offset the impact of retaliatory Chinese tariffs on American crops, the U.S. Department of Agriculture said on Monday, after delays caused by the month-long government shutdown. The previous deadline for the aid program, officially known as the […] Read more

CBOT March 2019 soybeans with 20-day moving average. (Barchart)

U.S. grains: Soybeans hit two-week high

Chicago | Reuters — U.S. soybean futures climbed to a two-week high on Friday on worries about the size of Brazil’s crop and short-covering ahead of planned U.S.-China trade talks next week, traders said. Corn firmed, following strength in soybeans, while wheat drifted lower, pressured by news that a private forecaster had raised its estimate […] Read more