GFM Network News

New rail speed limits to be based on temperatures

Railways wanting to run under new limits must develop winter operation plans

Given the odds of weird temperature swings happening somewhere in Canada at any time of year, railways will now instead be required to slow their trains’ speeds based on how cold it is outside at the time, rather than a date range. Federal Transport Minister Marc Garneau on Friday announced a new ministerial order meant […] Read more

Tech firm aims to boost regenerative ag through A.I., machine learning

Terramera proposes to cut emissions, sequester carbon through efficiencies

A Vancouver ag tech firm is pitching a proposal to both public- and private-sector investors that would use Microsoft technology to help the ag sector “pull carbon from the air.” Terramera on Monday put forward a $730 million proposal for an initiative it calls the Global Centre for Regenerative Agriculture, which would oversee efforts to […] Read more


U.S. grains: Corn declines on long liquidation

Soybeans lower, wheat rallies

Chicago | Reuters — U.S. corn futures declined on Monday as funds scaled back long positions ahead of the U.S. presidential election, and forecasts called for optimal weather in the Midwest, where farmers are wrapping up the harvest of corn and soybeans, analysts said. Wheat futures turned higher, rallying on bargain-buying after a five-session slide. […] Read more

WMO officially calls a La Nina winter

MarketsFarm — A La Nina weather event has officially developed in the Pacific Ocean and is expected to continue into 2021, affecting temperatures, precipitation and storm patterns around the world, according to the World Meteorological Organization (WMO). The global declaration of the La Nina event by the United Nations’ agency will be used by governments […] Read more


U.S. grains: Wheat slides on profit-taking, weather

January soybeans up, December corn flat

Chicago | Reuters — Chicago wheat futures fell on Friday for a fifth straight session, retreating from multi-year highs set last week, on fund-driven long liquidation and improving crop prospects in the southern U.S. Plains, analysts said. Soybean futures firmed on export demand while corn settled narrowly mixed, with the front December contract losing relative […] Read more

U.S. grains: Crop prices slide as pandemic concerns rattle markets

Traders await U.S. export sales data Thursday

Chicago | Reuters — U.S. grain and soybean futures fell on Wednesday as part of a broad sell-off in markets fueled by concerns about the economic impact of a global surge in COVID-19 cases, traders said. Losses in agricultural futures pulled corn prices back from a 14-month high reached on Tuesday and soybean prices down […] Read more


Big Two railways release plans for winter

Snow-clearing equipment among investments at CN, CP

Canada’s major railways have filed their winter contingency plans, as they are now required by law to do. Since updates to the Canada Transportation Act in 2018, Canada’s major rail companies have been required to publish winter plans and can be forced to pay up if they fail to deliver on certain promises of railcars. […] Read more

U.S. grains: Corn, soy rise on export hopes

Wheat futures dip on profit taking

Chicago | Reuters — Chicago Board of Trade corn and soybean futures rose on Wednesday, as concerns about dry conditions in key global production areas of South America boosted export prospects for both U.S. commodities. Strength in the cash market also supported gains in corn and soybean futures, traders said. CBOT soft red winter wheat […] Read more


CBOT weekly outlook: Export demand supports wheat, soy

Lower U.S. dollar also supportive

MarketsFarm — Strong global demand, paired with concerns of dry growing conditions in key regions, has spurred U.S. wheat prices higher. “Some countries are getting nervous with the persistent dryness in several regions, which could reduce the supply of quality global wheat,” said Terry Reilly of Futures International in Chicago. Dry growing conditions in Ukraine, […] Read more

Klassen: Weather, COVID, feed grains pressure feeder market

Compared to last week, western Canadian yearling prices were $2-$4 lower on average; calves traded $2 to as much as $6 below week-ago levels. Southern Alberta received its first snowfall of the season last week, which hindered demand for fresh replacements. Feedlots always incorporate a risk discount when the first snowfall of the year materializes, […] Read more


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