GFM Network News

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CBOT weekly outlook: Corn, soy seen rising

Reading Time: < 1 minute CNS Canada — Corn and soybean futures at the Chicago Board of Trade are moving in turbulent trade with each U.S. weather forecast. “It’s all on raindrops right now,” said Scott Capinegro of Barrington Commodity Brokers. Recent forecasts for rain have pressured corn and soybean markets, though declining crop conditions could provide support moving forward. […] Read more

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ICE weekly outlook: Canola trades on weather

Reading Time: 2 minutes CNS Canada — It’s the time of year when canola prices closely follow the weather, and while recent rain has caused some losses, the market could hold onto its premium. “In some ways you could say it’s a classic weather market,” said Jon Driedger, senior market analyst at FarmLink Marketing. Prices had gained following dryness […] Read more

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China’s requirements leave Canadian flax piling up

Reading Time: < 1 minute CNS Canada –– Stalled demand from a key international buyer has caused a buildup of flax inventories in Canada, with more crops on the way. Demand on the ingredient side of the flax market has been steady, said Mike Popowich of processing firm TA Foods at Yorkton, Sask. “But we’ve experienced a bit of a […] Read more

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Trade looks to potential, not projections, post-StatsCan data

Reading Time: 3 minutes CNS Canada — The commodity trade has turned its focus forward following fresh data from Statistics Canada. “The acreage numbers are important, but this game right now is all about weather,” said Mike Jubinville of ProFarmer Canada, naming spring wheat as one crop the market had been closely watching. While estimates for all wheat seeded […] Read more


Dairy protection sought ahead of NAFTA talks

Reading Time: < 1 minute CNS Canada — The head of Canada’s dairy industry group highlighted the role of Canadian dairy producers in the domestic market, as the potential for trade agreement renegotiations loom. U.S. President Donald Trump said earlier in the year he was considering pulling the U.S. from the North American Free Trade Agreement (NAFTA), but later shifted […] Read more

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Workers fired following chicken abuse video

Reading Time: 3 minutes CNS Canada — A British Columbia company tied to nationally broadcast footage of livestock abuse has laid off five workers, according to a statement from the organization Tuesday. The animal rights and vegan advocacy group responsible for capturing the video says that’s not enough, and is pursuing legal action. Employees at a Vancouver-area chicken farm […] Read more

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CBOT weekly outlook: Weather watching trade in summertime

Reading Time: < 1 minute CNS Canada –– Corn and soybean futures at the Chicago Board of Trade are hanging in a seasonal weather-based market, with traders watching crop conditions week-to-week. Corn futures have downside potential, gathering influence from wheat futures and crop ratings in the near term. “I’m looking for an improvement in crop ratings next week, which might […] Read more


Pea, lentil buyers digest lower values, weather

Reading Time: < 1 minute CNS Canada — Buyers, sellers and processors in Canada’s pulse sector are holding steady as an act of safeguarding themselves during a precarious time in the growing season. “People are just kind of buying what they need,” said David Newman of Commodious Trading, a Victoria-area company dealing with international trade and processing of lentils, peas, […] Read more