GFM Network News


The Archer Daniels Midland Co. (ADM) logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2018.
 Photo: REUTERS/Brendan McDermid

ADM quarterly profit surges amid strong U.S. corn exports to China

Reuters – U.S. grain merchant Archer-Daniels-Midland Co on Tuesday reported quarterly profit leapt 52 percent due to strong exports and oilseed crushing margins. The bigger-than-expected earnings sent shares to a two-week high and extended a recovery from the COVID-19 pandemic, which last year hurt demand for the company’s ethanol and food products. Shares were up […] Read more

(PortMetroVancouver.com)

Baltic Dry Index at four-month lows

Declining demand seen from China

MarketsFarm — Ocean freight rates have fallen off of their highs of the past year over the course of the past month, but remain well above the lows hit in the spring when global markets first started reacting to the COVID-19 pandemic. The Baltic Dry Index (BDI), a major indicator of shipping rates, has moved […] Read more


A freighter is loaded with grain from a terminal at Vancouver’s Burrard Inlet. (Maxvis/iStock/Getty Images)

Wheat, canola exports ahead of year-ago pace

MarketsFarm — Canadian grain and oilseed exports are running well ahead of the year-ago level eight weeks into the 2020-21 marketing year, according to the latest data from the Canadian Grain Commission. Total bulk exports of the major grains and oilseeds, as of Sunday, of 7.17 million tonnes compare with the six million exported during […] Read more

(File photo by Dave Bedard)

Grain exports flow fast as pandemic lockdowns clear rail capacity

Traffic accelerates on lower coal, crude volumes

Winnipeg | Reuters — Canadian grain exporters are boosting sales in a slumping global economy, as demand for commodities like oil weakens and frees up railway space. Brisk crop movement in a country that relies heavily on rail is a bright spot during pandemic lockdowns, which have hammered most industries. “We’ve had an almost unlimited […] Read more


Bulk wheat being loaded on a ship in a Russian port. (YGrek/iStock/Getty Images)

Russia will suspend grain exports for six weeks if quota runs out mid-May

Several supplies to Egypt might be affected, traders say

Moscow | Reuters — Russia, the world’s biggest wheat exporter, will suspend grain exports until July 1 once its export quota is exhausted, which is currently expected to happen in mid-May, its deputy agriculture minister Oksana Lut said on Friday. Russia last fully banned wheat exports in 2010 when drought hit its harvest, rocking global […] Read more

A freighter is loaded with grain from a terminal at Vancouver’s Burrard Inlet. (Maxvis/iStock/Getty Images)

Handlers focus on keeping grain moving despite COVID-19

Grain companies, Canadian Grain Commission working but unsure of future

Canada’s grain companies are committed to keeping grain moving to domestic and export customers, but how the spread of COVID-19 might affect business is still an unknown, says Wade Sobkowich, executive director of the Western Grain Elevator Association. “We are are going to do everything in our power to keep grain moving at this time,” […] Read more


A freighter is loaded with grain from a terminal at Vancouver’s Burrard Inlet. (Maxvis/iStock/Getty Images)

Grains sector backed to develop export rejection insurance

Code of practice for 'sustainable' crops also in works

The organization representing Canada’s crops sector will get public funding to develop an insurance plan against the “unpredictability” of export customers. Federal Agriculture Minister Marie-Claude Bibeau, speaking Wednesday at the CropConnect conference in Winnipeg, announced over $430,000 for the Canada Grains Council to develop a pilot insurance product for grain exporters. Such an insurance plan […] Read more



(PortMetroVancouver.com)

Ocean freight index hits five-and-a-half year highs

MarketsFarm — The Baltic Dry Index (BDI) has steadily increased over the past few months, hitting its highest levels in five-and-a-half years. The BDI settled Tuesday at 2,011 points, the highest level for the ocean freight rate indicator since January 2014. The BDI has been on a steady uptrend since hitting a two-and-a-half year low […] Read more

(WWing/E+/Getty Images)

Visible Canadian canola stocks back above one million tonnes

MarketsFarm — Solid deliveries into the commercial pipeline and lacklustre export movement saw visible Canadian canola supplies climb back above one million tonnes during the week ended June 9, according to the latest grain handling report from the Canadian Grain Commission. Farmers delivered 422,500 tonnes of canola during week 45 of the 2018-19 crop year […] Read more