GFM Network News

Canada's Prairie crop belt will produce less wheat and more barley this year, with excessive moisture in Manitoba and Saskatchewan limiting the projected harvest, the Canadian Wheat Board said on Tuesday in its first forecast of the year for the region. Flooding will hit the world's biggest spring wheat and durum exporter for the second[...]

The price of feed barley has been trending higher throughout the spring and into seeding time, but one industry analyst said the market may soon start to back off. Gerald Snip of Marketplace Commodities at Lethbridge, Alta., said a lack of deliveries from producers has been behind the increase in price, but that could change[...]

A "more favourable" dairy ingredients market helped boost year-end sales and profits for Canada's biggest dairy processor, but bigger bills have Saputo looking at ways to contain its operating costs in 2011. The Montreal company on Tuesday booked net earnings of $451.12 million on $6.025 billion in revenues for the year ending March 31, up[...]

The Canadian-born Cargill executive who oversaw construction of the company's beef packing plant at High River, Alta., will now be responsible for the company's global food safety efforts. Bill Buckner, a southern Ontario native and McMaster University graduate who managed the High River plant from its opening in 1989, has been a senior vice-president at[...]

Canola crush margins have seen some upward movement over the last week, thanks in large part to the seeding concerns across the Canadian prairies. Canola crush margins for July were bringing $86.48 per ton as of June 6, according to ICE Futures Canada. That compares with $77.67 per ton a week ago, and $78.22 per[...]

Regular delivery of Farm Business Communications’ print publications may be affected by a labour disruption this week by members of the Canadian Union of Postal Workers (CUPW). In the event […] Read more