GFM Network News



Cream of Wheat maker to buy Crisco line from Smucker

Shortening, cooking oil brand goes to B+G Foods

The U.S. company behind the Crisco brand of cooking oils and shortenings is selling that product line to the maker of Cream of Wheat cereal and Green Giant vegetables. New Jersey-based B+G Foods announced Monday it will buy the Crisco product lines from Ohio-based J.M. Smucker for about US$550 million (C$725.1 million). The sale includes […] Read more






China denies ‘coercive’ diplomacy with Canada

Envoy again urges release of Huawei executive

Ottawa | Reuters — China on Thursday denied it had taken two Canadian men hostage, and repeated a call for the release of a Huawei Technologies executive held in Canada who faces extradition to the United States amid a long-running diplomatic dispute. Huawei chief financial officer Meng Wanzhou, a Chinese citizen, was arrested in Vancouver […] Read more


Farmer and activist Percy Schmeiser, 89

Thorn in Monsanto's side also the subject of a new major film

Funeral services are to be held and livestreamed Saturday for Prairie farmer, businessman and activist Percy Schmeiser, best known for his ultimately unsuccessful court battles with the company behind Roundup Ready canola. Schmeiser, who farmed at Bruno, Sask., about 90 km east of Saskatoon, died Tuesday at age 89. According to Saskatchewan media, he had […] Read more

ICE weekly outlook: Canola firm at midweek

MarketsFarm — ICE Futures canola contracts have steadied after slipping slightly following Canada’s Thanksgiving long weekend, with nearby attention on speculations rolling positions out of the front month. The nearby November contract closed Wednesday at $526.10 per tonne, gaining slightly after incurring losses the day prior. Market participants adjusting positions ahead of the November contract’s […] Read more


Becel maker Upfield to relocate Ontario plant

Company to make vegan cheese substitutes, other spreads at Brantford

The maker of Becel margarine, Imperial spreads and, most recently, vegan near-cheese Violife plans to boost its Canadian manufacturing capacity with a move from Toronto to Brantford, Ont. The Canadian arm of Amsterdam-based Upfield said Wednesday it has bought a 164,000-square foot industrial building at Brantford and “brings a significant investment involving the purchase of […] Read more

ICE weekly outlook: ‘Demand-pull’ environment supports canola

MarketsFarm — ICE Futures canola contracts moved higher during the week ended Wednesday, moving back toward the contract highs hit in September. Canola is pushing upside chart limits and modest corrections are likely going forward, but the fundamentals remain supportive and “the trend is up until further notice,” said analyst Mike Jubinville of MarketsFarm Pro. […] Read more