General & Production Tips

Canada Bread agrees to sell pasta business to Spain’s Ebro

By Reuters, GFM Network News October 24, 2013

Canada Bread Co, which is majority-owned by Maple Leaf Foods, said on Thursday it agreed to sell its Olivieri Foods fresh pasta and sauce business to Spanish food processing company Ebro Foods SA for about $120 million. The move comes days after Canadian food processor Maple Leaf said it might sell its controlling stake in […] Read more

Crops, General

Grain industry reacts to CGC’s insurance-based security scheme

By Allan Dawson, GFM Network News October 23, 2013

Response to the Canadian Grain Commission’s (CGC) proposal to replace its current producer security program with an insurance scheme is mostly positive. But support is contingent on the new program being cheaper than the current one — something the CGC says will be the case, even though no figures have been released yet. Keystone Agricultural […] Read more

Crops, General

CN reports bigger profit, announces stock split

By GFM Network News October 23, 2013

Canadian National Railway Co , the focus of scrutiny after one of its trains derailed and caught fire last weekend, reported a bigger third-quarter profit on Tuesday and announced a two-for-one stock split and share buyback plan. The country’s largest rail operator said net income rose to C$705 million ($685 million), or C$1.67 per share, […] Read more

General, Livestock

Maple Leaf Foods explores sale Of Canada Bread stake

By Euan Rocha, Rod Nickel, GFM Network News October 21, 2013

Maple Leaf Foods said on Monday it may sell its controlling stake in Canada Bread Company as it determines whether to exit the bakery business and focus on meat products. Toronto-based Maple Leaf said it has recently completed a comprehensive review of opportunities to accelerate profitable growth across its bakery business. But before committing resources, […] Read more

General, Markets

U.S. cancels October crop report, first miss in decades

By GFM Network News October 17, 2013

The U.S. government on Thursday canceled its monthly crop report for the first time ever, and said it will not estimate U.S. or world crop production until early November. Cancellation of the October report means the first harvest-time estimate of U.S. crops will be Nov. 8. The production report and companion data on crops worldwide […] Read more

General, Markets

EU, Canada near trade pact after breaking impasse

By GFM Network News October 17, 2013

The European Union and Canada are expected to close negotiations on a multi-billion-dollar trade deal on Friday that will integrate two of the world’s biggest economies — if they can overcome final disagreements ranging from medicine patents to feta cheese. Canada’s Prime Minister Stephen Harper and European Commission President Jose Manuel Barroso will meet at […] Read more

General, Markets

U.S. Farm Bill negotiators may begin work next week

By GFM Network News October 16, 2013

U.S. House and Senate negotiators could meet for the first time next week to work on a new US$500 billion Farm Bill, more than a year past due and repeatedly delayed by House Republican plans for steep cuts in food stamps for the poor. The bill is also expected to cut funding for conservation programs […] Read more

General

CFIA’s shift to Health Canada oversight begins

By GFM Network News October 9, 2013

Canada’s government has kicked off a transition plan to shift the Canadian Food Inspection Agency’s food safety work to the oversight of the federal health ministry. The reorganization, the government announced Wednesday, “will strengthen Canada’s food safety system by bringing all three authorities responsible for food safety under one minister” — which today is federal […] Read more

General, Markets

Expect more market volatility from U.S. shutdown

By GFM Network News October 8, 2013

Without the ballast of U.S. government data to keep them grounded, crop and livestock markets are expected only to become even more volatile for as long as the U.S. government shutdown lingers. Coping with that added volatility is therefore “a matter of making sure you have a marketing plan in place” and sticking to it, […] Read more

General, Markets

With U.S. government shut, private data providers step in

By GFM Network News October 5, 2013

When the U.S. Department of Agriculture went dark this week due to the partial government shutdown, phones lit up at commodities firm Urner Barry. USDA typically provides quotes on beef, pork and chicken prices, but 156-year-old New Jersey-based Urner Barry quickly became the go-to source for livestock traders searching for market quotes. “It’s certainly been […] Read more

U.S. grains: Soybean futures edge up as Argentina ends export tax waiver

U.S. livestock: Hog futures hit contract high, herd falls short of estimates

Eastern wheat to be included in Cereals Canada’s harvest assessment

GFM Network News

U.S. grains: Soybean futures edge up as Argentina ends export tax waiver

U.S. livestock: Hog futures hit contract high, herd falls short of estimates

Eastern wheat to be included in Cereals Canada’s harvest assessment

General

Canada Bread agrees to sell pasta business to Spain’s Ebro

Grain industry reacts to CGC’s insurance-based security scheme

CN reports bigger profit, announces stock split

Maple Leaf Foods explores sale Of Canada Bread stake

U.S. cancels October crop report, first miss in decades

EU, Canada near trade pact after breaking impasse

U.S. Farm Bill negotiators may begin work next week

CFIA’s shift to Health Canada oversight begins

Expect more market volatility from U.S. shutdown

With U.S. government shut, private data providers step in

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