GFM Network News


Aurora Cannabis in November 2019 opened a flagship retail store at the West Edmonton Mall, describing the 11,000-square foot shop as “both a retail cannabis store and an immersive experiential space.” (CNW Group/Aurora Cannabis Inc.)

Aurora Cannabis to shut one Edmonton plant

Reuters — Aurora Cannabis said Tuesday it will shut down a facility at Edmonton, adding to the woes of the cash-strapped Canadian pot producer which has been reeling under the impact of the pandemic since last year. The company said medical distribution from the Aurora Polaris facility that is being shut down will move to […] Read more

CBOT December 2021 corn (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. grains: Corn eases as harvest progresses

Soybeans climb after reaching three-month low

Chicago | Reuters — Chicago corn eased for a fourth session on Tuesday as harvest progressed in the U.S., pressuring supplies, while a rallying dollar and lingering storm disruption cooled export sentiment. Wheat tracked corn lower on outside market pressure, while soybeans firmed after a near three-month low on Monday. The most-active corn contract on […] Read more


CME October 2021 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. livestock: CME live cattle follow packer demand down

Lean hog futures also lower

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Tuesday, pressured by weak cash cattle trade as packer demand remains light, analysts said. “The lack of bids is daunting,” said Joe Kooima, commodity broker at Kooima Kooima Varilek Trading Inc. Kooima noted packers have enough cattle purchased on negotiated contracts to meet […] Read more

(Photo courtesy Canada Beef Inc.)

Klassen: Finishing feedlot demand drives yearlings higher

Compared to last week, western Canadian yearlings traded $2 lower to as much as $5 higher. Strength was once again noted in southern Alberta where heavier yearlings recorded a fresh 52-week high. Calves were relatively unchanged from week-ago levels. Larger groups of quality weaned genetics traded as much $5 above average values. Feather-lite bawlers under […] Read more


Parking lot signage outside an advance polling station in Winnipeg’s Tuxedo Industrial area on Sept. 12, 2021. (Dave Bedard photo)

Federal agriculture minister leading on election night

CPC, NDP ag critics prevail; BQ critic in tight race

Canada’s incumbent agriculture minister was among the MPs expected to hold onto their seats in Monday’s snap federal election, in which Justin Trudeau’s Liberals return with a second minority government. As of Tuesday morning just after midnight CT, Marie-Claude Bibeau was leading in her Sherbrooke, Que.-area riding of Compton-Stanstead by a spread of over 3,300 […] Read more

CME October 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)

U.S. livestock: CME live cattle end mixed, hogs lower

Futures under pressure as equity markets slump

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended mixed on Monday as late-session bargain buying only partly offset pressure from adequate cattle supplies and global economic concerns that threatened to blunt demand for beef. “The cattle market can’t seem to catch a break. Boxed beef has been trending down and there are […] Read more


(GFM file photo)

CFA’s Hay West program up and running

Program website now online

A revival of the “Hay West” initiative, aimed at shipping feed from Eastern Canada to supplement drought-dented supplies in the West, has gone live. The Canadian Federation of Agriculture on Friday announced its Hay West 2021 initiative is “now operational and seeking applicants to both receive and supply hay.” Applicants interested in either supplying or […] Read more

(Flax Council of Canada photo)

Supply/demand pushing up flax prices

MarketsFarm — Prices for flax have skyrocketed in 2021, as the amount to be harvested has fallen while demand has increased, according to Dale McManus of Johnston’s Seeds at Welwyn, Sask. Johnston’s was paying $38 per tonne for golden flax picked up off of the farm, he said, and brown flax was fetching $36-$37. Flax […] Read more


An information label is seen on packaging for a CO2 cylinder for a fizzy drinks machine in Manchester, Britain on Sept. 20, 2021. (Photo: Reuters)/Phil Noble)

U.K. meat industry warns of threat to supplies from CO2 crisis

CO2 shortage is caused by closure of fertilizer plants

London | Reuters — Some of Britain’s meat processors will run out of carbon dioxide (CO2) within five days, forcing them to halt production and impacting supplies to food retailers, the head of the industry’s lobby group warned on Monday. A jump in gas prices has forced several domestic energy suppliers out of business and […] Read more

CBOT December 2021 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)

U.S. grains: Corn, soybeans slump with harvest pressure, equities, oil

Favourable weather boosting U.S. corn, soy harvests

Chicago | Reuters — U.S. corn and soybean futures retreated on Monday as harvesting accelerated across the Midwest farm belt and sinking energy and equities prices weighed on market sentiment. Benchmark November soybean futures touched their lowest point in nearly three months, while December corn fell for a third straight session and hit a one-week […] Read more