GFM Network News



AAFC lowers wheat carryout estimate, raises canola

MarketsFarm — Updated supply and demand estimates from Agriculture and Agri-Food Canada call for tighter wheat carryout for the 2020-21 crop year than previous forecast — and more canola. Tursday’s report provides the first adjusted balance sheet estimates from the government agency that account for the latest production numbers from Statistics Canada released earlier in […] Read more


Agri-food tech expected to be a post-pandemic growth industry

Ag, food sectors may seek out more e-commerce, labour-saving tools

Ottawa — A researcher at the University of Guelph says the COVID-19 pandemic will spark agility – particularly related to technology – in agriculture. “(The pandemic) has re-emphasized the need to get access to some of the technology that exists in other sectors and are not easily accessible in agri-food systems,” said Rozita Dara, an […] Read more



AAFC raises 2019-20 canola, wheat ending stocks

MarketsFarm — Canadian ending stocks of canola and wheat will be larger than earlier thought, according to updated supply/demand tables Agriculture and Agri-Food Canada released late Friday. AAFC raised its canola ending stocks estimate for 2019-20 to a record 4.5 million tonnes, up from the August estimate of 3.775 million and the upwardly-revised 2018-19 level […] Read more



ICE weekly outlook: Canola steady heading into 2019

CNS Canada –– ICE Futures canola contracts held relatively rangebound during the week ended Wednesday, and should be expected to remain steady heading into the New Year barring outside political developments. “We’re in a doldrums environment,” said Mike Jubinville of ProFarmer Canada in Winnipeg. “The supply/demand fundamentals suggest this market is reasonably well supplied, with […] Read more



CN CEO Luc Jobin steps down abruptly

Reuters — Canadian National Railway (CN) CEO Luc Jobin stepped down abruptly on Monday, as the board looks to “energize” the railroad’s leadership amid a major supply crunch that has hurt profits and angered customers. “The board believes the company needs a leader who will energize the team, realize CN’s corporate vision and take the […] Read more