GFM Network News

An eastward-facing view from the north edge of the crossing at Mile 98.14 of CN’s Ashcroft subdivision, where BCWS suspected the Lytton fire began. (TSB photo)

No evidence trains sparked Lytton fire, TSB says

Transportation Safety Board now stepping out of ongoing fire probe

There’s no proof the fire that largely destroyed a British Columbia village, damaged a key rail bridge and led to cuts in rail speed limits in high-risk areas was sparked by train traffic, the federal Transportation Safety Board says. The TSB on Thursday said its investigation, launched in early July, “has not revealed any evidence […] Read more

(GFM file photo)

Cargill, ADM sell GrainBridge to ag software firm Bushel

'Network effect' expected in grains sector

An online service farmers use to manage grain sales with ADM’s elevators and processing plants across Canada — along with Cargill and ADM elevators in the U.S. — is under new ownership. ADM and Cargill, the two major U.S.-based agribusinesses that set up GrainBridge in 2019, announced Tuesday they’ve sold it to Bushel, a Fargo, […] Read more

(Photo courtesy Port of Los Angeles)

‘Containergeddon’: Supply crisis drives Walmart, rivals to hire own ships

Bulk grain ships pressed into container service

Los Angeles | Reuters — The Flying Buttress once glided across the oceans carrying vital commodities such as grain to all corners of the world. Now it bears a different treasure: Paw Patrol Movie Towers, Batmobile Transformers and Baby Alive Lulu Achoo dolls. The dry bulk cargo ship has been drafted into the service of […] Read more

The Garden City container terminal at Savannah is operated by Ports America on behalf of the Georgia Ports Authority. (Photo courtesy Georgia Ports Authority)

Canada’s CPPIB to buy major U.S. port terminal operator

Canada Pension Plan's play furthers its infrastructure push

Reuters — Canada Pension Plan Investment Board (CPPIB) said on Wednesday it had agreed to buy Ports America, one of the largest marine terminal operators in the U.S., from investment firm Oaktree Capital Management. While no valuation was given in the announcement, the deal values Ports America at over US$4 billion, according to two sources […] Read more

The strength or weakness of a basis at any point in time can be viewed as a bellwether that informs grain sellers where the market is at, and where it might be headed.

Have you got your basis covered?

To score a grain marketing home run, understand and monitor basis levels

Basis is a marketing instrument utilized by grain handling companies to attract grain when they need it or to discourage delivery when they don’t. Used for crops that have an active futures trading market like wheat and canola, basis is the difference between a local cash price for a commodity and its price on the […] Read more

“You’re never going to hit the high of the market all the time. That’s just not possible. Don’t beat yourself up when you make mistakes.” – Reg Dyck.

The most common grain marketing mistakes

Four traps farmers can fall into, and how to avoid them

Navigating your way around grain markets isn’t exactly easy, and it gets more complicated when you get into the area of trading futures contracts and options strategies. Even the most experienced grain marketer will make mistakes from time to time — here are some common ones you can try to avoid. Go easy on yourself […] Read more

Once you have a network of buyers you’d like to do business with, it pays to stay in touch — it will likely improve your chances of being alerted to pricing specials when they come around.

Be a better grain marketer

It’s more important than ever to be an astute grain marketer. Strengthen your position with these pro tips

Reg Dyck farmed for more than 40 years near Starbuck, Man., but he knew early on that grain marketing was something he wanted to learn more about. In fact, Dyck was still in high school when he started taking marketing extension courses put on by Manitoba Agriculture and other ag agencies. “What motivated me, I […] Read more

Build your grain marketing plan from the ground up

Build your grain marketing plan from the ground up

A robust grain marketing plan will help you get the most out of your hard-earned crops. Use these expert tips to get the ball rolling

Neil Blue had only been farming a year or so when he came to an important realization — if you’re selling grain, it pays to educate yourself on the best way to do it. Blue grew up on a family farm and began farming on his own in Vermilion, Alta., in 1981. When he went […] Read more