General & Production Tips

CWB wheat/barley marketing programs ready, canola in works

By GFM Network News July 23, 2012

The Canadian Wheat Board’s marketing programs for wheat, durum and barley are ready to be launched with the start of the 2012/13 (Aug/Jul) crop year, according to an official with the CWB. Pool programs for canola were also in the works. "There is no question that the CWB is ready to take on its new […] Read more

Crops, General, Markets, Weather

Corn and soybeans pull back from peaks

By GFM Network News July 23, 2012

U.S. corn slid more than 1 per cent from record highs on Monday and soy tumbled more than 3 per cent from its peaks, due to forecasts for rain in drought-plagued U.S. crop regions, tumbling equities and a stronger dollar. "Forecasts are a little wetter than they were last week, the rains will help some […] Read more

General

Harper names new deputy agriculture minister

By GFM Network News July 20, 2012

A senior federal official with over 20 years’ experience in the agriculture and international trade policy portfolios will become Canada’s top ag bureaucrat this fall. Suzanne Vinet, who’s now president of the Economic Development Agency of Canada for the Regions of Quebec, was named Friday by Prime Minister Stephen Harper to replace John Knubley as […] Read more

General, Weather

USDA’s Vilsack warns on food prices, prays for rain

By GFM Network News July 18, 2012

U.S. Agriculture Secretary Tom Vilsack said he was on his knees every day, praying for rain in the Midwest, where a prolonged drought is withering crops in the fields and will likely push up food prices later this year and next. Vilsack urged Congress to work with the Obama administration to improve aid to farmers […] Read more

General, Markets

U.S. regulator admits failure in PFG oversight

By GFM Network News July 17, 2012

The U.S. futures regulator acknowledged on Tuesday the regulatory system had failed to protect the customers of PFGBest, which collapsed last week as its founder admitted to a US$100 million fraud spanning two decades. In testimony before the U.S. Senate’s agriculture committee, Commodity Futures Trading Commission chairman Gary Gensler was also expected to outline his […] Read more

General, Markets

Ego too big to fail, PFG founder admits 20-year fraud

By Tom Polansek, GFM Network News July 14, 2012

Russell Wasendorf Sr., arrested on Friday, confessed to a 20-year fraud at his now-bankrupt Iowa brokerage, saying business troubles and his "big" ego left him no choice: "So I cheated." In the dramatic conclusion to a week-long saga that has shaken trader confidence in the trillion-dollar U.S. futures markets, authorities released parts of a detailed […] Read more

General, Markets

Farmed food prices seen on upward trend in next decade

By GFM Network News July 12, 2012

World farm commodity prices will edge higher in the next decade, and oilseeds are set to outperform wheat and other cereals, both trends fuelled by demand in emerging economies, the OECD said Wednesday, presenting a joint report with the United Nations food agency. Prices have eased from record highs hit in February last year and […] Read more

General, Machinery, Weather

Health Canada to probe wind turbine noise

By GFM Network News July 11, 2012

Health Canada plans its own primary research to paint “a more complete picture” of the potential health impacts on rural Canadians from life near wind turbine farms. The federal department on Tuesday announced it will work with Statistics Canada on a new peer-reviewed study, for completion sometime in 2014, on “the relationship between wind turbine […] Read more

Crops, General

USDA jolts traders with sharp cut to corn estimate

By GFM Network News July 11, 2012

The worst Midwest drought in a quarter century is doing more damage to U.S. crops than widely believed, already shrinking corn yields to the lowest in nearly a decade, the government said on Wednesday. In a report that reignited a near-record rally in grain prices, the U.S. Department of Agriculture said the crop will average […] Read more

General, Markets, Weather

Ottawa seeks heavier trigger pull on AgriStability: report

By GFM Network News July 10, 2012

Proposed changes to the federal/provincial farm income stabilization program beyond this year are expected to lead to tighter eligibility for a program payout, according to a producer group observing the planning process. In its Grass Routes newsletter last week, Alberta Beef Producers reported some suggestion among federal and provincial agriculture ministers that governments should "rebalance […] Read more

Daily Network News

JBS reaches deal with U.S. meatpacking workers who went on strike

Public consultation open on national beef code of practice

Pulse weekly: Indian forecasters predict below-normal monsoon

General

CWB wheat/barley marketing programs ready, canola in works

Corn and soybeans pull back from peaks

Harper names new deputy agriculture minister

USDA’s Vilsack warns on food prices, prays for rain

U.S. regulator admits failure in PFG oversight

Ego too big to fail, PFG founder admits 20-year fraud

Farmed food prices seen on upward trend in next decade

Health Canada to probe wind turbine noise

USDA jolts traders with sharp cut to corn estimate

Ottawa seeks heavier trigger pull on AgriStability: report

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