GFM Network News


Incoming WTO director-general Ngozi Okonjo-Iweala takes part in an online meeting before speaking during an interview with Reuters in Potomac, Maryland on Feb. 15, 2021. (Photo: Reuters/Joshua Roberts)

Canada hails new WTO chief

Trade body names first African, and first female, DG

Canada is lending its support to the World Trade Organization’s (WTO) choice for its new director general. Ngorzi Okonjo-Iweala was chosen Feb. 15 by WTO members as the international trade body’s new head, making her the first woman and the first African to serve in the role. Mary Ng, Canada’s minister of small business, export […] Read more

(Medioimages/Photodisc/Getty Images)

CBOT weekly outlook: Headlines, geopolitics drive prices

MarketsFarm — To Terry Reilly, about the only things driving the Chicago Board of Trade (CBOT) are headlines and geopolitics developments. “Traders are trading headlines,” Reilly, an analyst for Futures International in Chicago, said in reference to the latest developments in U.S.-China trade talks. Reports on Wednesday morning said the two countries were close to […] Read more



(Photo courtesy Canada Beef Inc.)

Online cattle market AgriClear goes dark

Canada’s TMX Group has pulled the plug on its AgriClear online cattle exchange after almost three years of operation. TMX, which operates the Toronto-based TSX stock exchange among other services, announced on AgriClear’s lone remaining web page that the AgriClear platform and website have been decommissioned, effective Monday (April 16). “As part of the active […] Read more


(Dave Bedard photo)

U.S. agribusiness deal not a priority for Glencore

Lausanne | Reuters — Glencore does not see further consolidation in agricultural commodities as straightforward and views a U.S. acquisition as less crucial than in the past, the group’s agriculture chief said Tuesday. The diversified trading and mining group had pointed to the possibility of making bolt-on acquisitions after posting improved results for 2016 and […] Read more