GFM Network News


Photo: iStock/Getty Images

Bunge raises 2021 profit outlook on higher food, renewable fuel demand

Bunge Ltd reported stronger-than-expected third-quarter results and raised its full-year profit outlook on Wednesday for a third time this year amid improved demand for food and renewable fuel as pandemic restrictions have eased. Although volumes in the U.S. agricultural commodities trader’s core agribusiness and its refined and specialty oils units were down, robust oilseed processing […] Read more



File photo of wheat being loaded onto a bulk vessel at port in Russia. (YGrek/iStock/Getty Images)

‘Containergeddon’ drives sugar, rice shippers back to bulk vessels

New York | Reuters — Food traders are switching from containers back to dry bulk vessels to transport refined sugar and rice, hoping to avoid shipping delays caused by container shortages and port congestion the industry is calling “containergeddon,” according to traders. Container-based transportation has been hit by sky-high costs and delays amid booming shipping […] Read more

(Dave Bedard photo)

Canada’s small, high-protein malt barley crop poses challenges

MarketsFarm — The hot and dry 2021 growing season cut significantly into Canada’s barley production, with the weather also leading to higher protein levels for what was harvested. “It will be an extremely tight and difficult year for the malt processors and ultimately for the brewers as well,” said Peter Watts, managing director of the […] Read more


(Dave Bedard photo)

White House not ruling out a U.S. carbon tax

Option 'not off the table' despite Manchin comment

Washington | Reuters –– The White House on Tuesday said it has not ruled out a carbon tax as a possible option for fighting climate change, even though U.S. Senator Joe Manchin, a critical holdout in the closely divided Senate, said he was not discussing the topic in talks about U.S. spending and infrastructure bills. […] Read more

File photo of a soybean plantation in Brazil. (Mailson Pignata/iStock/Getty Images)

More acres seen needed worldwide to meet mounting crops demand

U.S. acres may have already hit ceiling: AgResource chief

Geneva | Reuters — Farmers need more space to grow crops to meet mounting demand for food and renewable fuel at a time of slowing growth in yields, consultancy AgResource said on Tuesday. A renewable fuel push under U.S. President Joe Biden’s climate agenda is set to trigger a boom in soyoil use, reinforcing a […] Read more


After a sustained period of uncertainty, economists predict the world economy is primed for strong growth.

Editor’s Column: Economic outlook offers lots of positive news, some challenges, loads of optimism

It’s been about a year and a half since the COVID-19 pandemic and the restrictions aimed to contain it caused what Aaron Goertzen calls the “deepest and fastest recession in modern economic history.” Goertzen is the senior economist and director of BMO Financial Group. Fortunately, we’re now in the recovery phase. “The labour market has […] Read more

A City of Iqaluit worker fills a water truck at the Sylvia Grinnell River after authorities ordered the Nunavut capital’s 7,000 residents not to drink the city’s water due to suspected fuel contamination, on Oct. 14, 2021. (Photo: Reuters/Casey Lessard)

Iqaluit confirms ‘exceedingly high levels’ of fuel in water supply

Water not safe for cooking or drinking, city says

Reuters –– The Canadian city of Iqaluit said lab results confirmed that fuel had entered its water supply, officials announced Friday. Analysis of samples from one of the city’s water tanks found “exceedingly high levels of various fuel components,” Amy Elgersma, Iqaluit’s chief administrative officer, said, adding it was likely diesel or kerosene. Residents in […] Read more


Rejean Nadeau. (Photo courtesy Olymel)

Olymel CEO dies of ‘sudden’ cancer

Rejean Nadeau died Thursday at 71

The CEO of Canadian pork and poultry packer Olymel has died of a “sudden and virulent cancer” at age 71, his company reported Friday morning. Rejean Nadeau, the CEO of Sollio Co-operative’s meatpacking and processing arm since 1996, died Thursday at his home at Rougemont, Que., about 25 km south of St-Hyacinthe, Olymel said in […] Read more

Making the best of a tough tomato harvest

Making the best of a tough tomato harvest

First We Eat: This summer was disastrous for growing tomatoes as well as many other crops

War contributes to the transportation and appropriation of goods around the globe. For instance, tomatoes were among the plants and animals that ended up in Europe in the unequal exchange of goods, disease, slavery, land theft, and genocide between New World and Old, beginning in 1492 and culminating in1650, called the Columbian Exchange. This event […] Read more