GFM Network News


A view near the Canadian end of the Ambassador Bridge, which connects Windsor and Detroit and is considered one of North America’s busiest trade routes. (Steven_Kriemadis/iStock/Getty Images)

White House heeded pressure to reopen Canada border, U.S. lawmaker says

Washington | Reuters — A U.S. congressman from New York said on Wednesday that political pressure had persuaded the White House to end a historic 19-month closure of its land borders with Canada and Mexico to millions of non-essential foreign visitors. Representative Brian Higgins, a Democrat representing a district along the Canadian border, said: “You […] Read more

CBOT November 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

U.S. grains: Soybean futures extend losing streak

CBOT wheat firm, corn weak

Chicago | Reuters — U.S. soybean futures fell for the third session in a row on Monday, sinking to their lowest in 9-1/2 months on continued pressure from a government report that showed domestic supplies were bigger than expected. Wheat firmed to its highest since mid-August on technical buying. Corn futures ended slightly lower after […] Read more


File photo of a canola crop south of Ethelton, Sask. in 2019. (Dave Bedard photo)

Canada’s drought forces canola importers to turn elsewhere

'Importers...are going to be left out in the cold'

Winnipeg | Reuters — Canada’s smallest canola harvest in 13 years, resulting from severe drought, is forcing importers like Japan and Mexico to pay more or scour other countries for the yellow-flowering oilseed. With the scant available Canadian canola fetching high prices, customers of the world’s biggest canola exporter are leaning more heavily on smaller-producing […] Read more

(CPR.ca)

CP, Kansas City lock in new deal as CN steps out

More efficient flow of grain, perishables, machinery parts touted

Canadian Pacific Railway and U.S. railway Kansas City Southern on Wednesday again formalized their engagement after competing suitor Canadian National Railway walked away from the table. CP and KCS, which reported “unanimous” support from both companies’ boards, have entered a merger agreement committing CP to pay about $31 billion in cash and stock, or about […] Read more



A Kansas City Southern (KCS) rail car at Toluca, Mexico on Oct. 1, 2018. (File photo: Reuters)/Edgard Garrido)

U.S. railway’s board sticks with CN’s bid

Kansas City Southern board spurns sweetened CP bid

The board of directors for a U.S. railway facing takeover bids from each of Canada’s big two railways is sticking with Canadian National Railway’s (CN) proposal. The board for Kansas City Southern (KCS), in a release Aug. 12, said it unanimously agrees an upgraded Aug. 10 cash-and-stock bid from Canadian Pacific Railway (CP) “does not […] Read more


(Dave Bedard photo)

Mexican judge rejects industry bid to halt GMO corn, glyphosate ban

Farm council warns of lost productivity

Mexico City | Reuters — A Mexican federal judge ruled against a request by the National Farm Council to freeze a government plan to ban genetically modified (GMO) corn and the widely used herbicide glyphosate by 2024, the national science council said on Monday. Judge Martin Adolfo Santos Perez’s ruling allows the executive order issued […] Read more



U.S. Trade Representative Katherine Tai is sworn in at the White House on March 18, 2021. (Photo: Reuters/Tom Brenner)

New U.S. trade chief Tai focused on CUSMA, China ties in calls

New trade deals on hold for now, White House says

Washington | Reuters — New U.S. Trade Representative Katherine Tai mapped out her priorities and Washington’s desire to rebuild alliances in initial calls on Monday with her counterparts from Canada, Britain and the European Union. Tai, sworn in Thursday as President Joe Biden’s top trade negotiator, emphasized climate change, racial equity and the need to […] Read more

(File photo by Dave Bedard)

Canadian Pacific to buy Kansas City Southern in bet on trade

Biggest North American rail deal ever valued at US$25 billion

Reuters — Canadian Pacific Railway (CP) agreed on Sunday to acquire Kansas City Southern in a US$25 billion cash-and-stock deal to create the first railway spanning the United States, Mexico and Canada, standing to benefit from a pickup in trade. It would be the largest ever combination of North American railways by transaction value. It […] Read more