GFM Network News


Brazilian meatpacker JBS SA’s logo on a tower in Jundiai, northwest of Sao Paulo in southeastern Brazil, on June 1, 2017. (File photo: Reuters/Paulo Whitaker)

JBS says it paid US$11 million in bitcoin for ransom

Cyberattack disrupted plants in North America, Australia

Reuters — Meatpacker JBS USA paid a ransom equivalent to US$11 million (C$13.3 million) following a cyberattack that disrupted its North American and Australian operations, the company’s CEO said in a statement Wednesday. The subsidiary of Brazilian firm JBS halted cattle slaughtering at all of its U.S. plants and its Alberta beef plant for a […] Read more

Screengrab from a 2018 video showing cold storage at the JBS beef slaughter and packing plant at Brooks, Alta. (JBS video via YouTube)

JBS plants reopen as White House blames Russia over hack

Washington/Chicago | Reuters — JBS SA employees started returning to U.S. meat plants on Wednesday, a day after the company’s beef operations stopped following a ransomware attack, disrupting meat production in North America and Australia. A notorious Russia-linked hacking group is behind the cyberattack against JBS, a source familiar with the matter said. Brazil’s JBS […] Read more


(JBSFoodCanada.ca)

Ransomware attack on JBS halts Canadian, U.S. slaughter

Cyberattack likely from Russia, White House says

Chicago/Aboard Air Force One | Reuters — Brazil’s JBS SA told the U.S. government that a ransomware attack on the company that has disrupted meat production in North America and Australia originated from a criminal organization likely based in Russia, the White House said on Tuesday. JBS is the world’s largest meatpacker and the cyberattack […] Read more




(Serts/iStock/Getty Images)

Pulse weekly outlook: India likely in need of more lentils

MarketsFarm — A recent webinar co-hosted by the India Pulses and Grains Association and Pulse Australia focused on lentil production in the two countries, with tighter Indian supplies likely leading to increased import demand going forward. “The share of Australian lentils in India’s import has been 10 to 15 per cent over the last seven-eight […] Read more


CBOT May 2021 soybeans (candlesticks) with 20- and 50-day moving averages and CBOT May 2021 soyoil (black line). (Barchart)

U.S. grains: Soyoil leads soybean complex higher

Wheat follows corn, soy higher

Chicago | Reuters — Chicago soybean futures climbed on Tuesday, led by rising soybean oil as global edible oil supplies tighten. Corn futures also moved higher, as traders weighed Brazil’s late-planted second crop against beneficial rains in Argentina. Wheat followed the markets higher, despite much-needed rainfall across the U.S. Plains production belt. The most-active soybean […] Read more

A barley crop south of Ethelton, Sask. on July 30, 2019. (Dave Bedard photo)

China’s appetite for feed barley sucks in new crop from Canada, France

Tariff on Australian barley favours other suppliers

Paris | Reuters — China’s buying spree of French and Canadian barley is spilling into the 2021-22 crop with large forward purchases, due to its major feed grain needs and a prohibitive tariff on Australian barley, traders and analysts said. China has been sweeping up huge volumes of foreign crops to help feed a pig […] Read more


(PaulCowan/iStock/Getty Images)

U.K. to ask to join Trans-Pacific trading bloc ‘shortly’

Bilateral deals signed or in works with several CPTPP members

London | Reuters — Britain will soon submit its application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade bloc, trade minister Liz Truss said on Wednesday. Since deciding to leave the European Union, a process it completed at the end of 2020, Britain has been seeking out new trading arrangements around […] Read more

Green lentils. (Savany/iStock/Getty Images)

Pulse weekly outlook: Markets steady heading into holidays

MarketsFarm — Pea and lentil markets in Western Canada are holding relatively steady heading into the holiday season, with little movement expected one way or the other until the New Year. “That’s normal for this time of year,” said Dale McManus of Johnston’s Grain at Welwyn, Sask. on the lack of activity and stagnant prices. […] Read more