GFM Network News

(Allan Dawson photo)

U.S. grains: Corn, soy up on short-covering

Chicago | Reuters — U.S. soybean futures edged higher on Friday for the first time in seven sessions in a short-covering bounce, but remained near three-month lows as forecast rain in Argentina eased concern about a potential supply risk. Corn was slightly higher on short-covering ahead of the Christmas holiday weekend, while wheat slipped as […] Read more

(U.S. Food and Drug Administration photo via Flickr)

Partially hydrogenated oils on the way out

The federal government has served a year’s notice on partially hydrogenated oils (PHOs) as ingredients in foods sold in Canada. Health Minister Ginette Petitpas Taylor announced Friday that PHOs will be added to Canada’s List of Contaminants and Other Adulterating Substances effective Sept. 15, 2018, giving Canadian food processors and importers “enough time to find […] Read more

(Dave Bedard photo)

ICE weekly outlook: Canola pointed lower

CNS Canada — ICE Futures Canada canola contracts saw a bit of a corrective bounce on Wednesday but their overall trend remains pointed lower, with the winter highs possibly in for now, according to an analyst. “The technical and the fundamentals are pointing down,” said Errol Anderson of Pro Market Communications in Calgary, pointing to […] Read more