GFM Network News

CBOT weekly outlook: Corn, soy rangebound

Reading Time: < 1 minute CNS Canada –– Corn and soybean futures at the Chicago Board of Trade are expected to hold near-term ranges, as traders decide where to lay their focus amid a mix of factors. “Weather will dominate; that’s no surprise to anybody,” said Sean Lusk of Walsh Trading. That influence is likely to have a supportive effect […] Read more

ICE weekly outlook: Weather to spark ‘tug-of-war’ in canola

Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola traders are keenly watching Prairie weather, with variability expected to keep the market choppy in the near term, one analyst says. “There’s a little tug-of-war, back and forth; traders watch as every cloud goes across the Prairies,” said Keith Ferley, commodity futures advisor at RBC Dominion Securities in […] Read more

India keeps Canadian lentil market at standstill

Reading Time: 2 minutes CNS Canada — Lentil prices are largely stagnant, one market participant says, as key buyer India sits on the sidelines. And from the outside, stocks appear ample, but new-crop production could shift the dynamic of Canada’s lentil market. Statistics Canada stocks data as of March 31, 2017 pegged lentil supplies at about 1.1 million tonnes, […] Read more

StatsCan data confirm tight canola supplies

Reading Time: 3 minutes CNS Canada — Grain and oilseed stocks data released Friday from Statistics Canada were bullish for canola and wheat — though analysts suggest the effects of the report on the market may be short-lived. Figures for barley, lentils and peas were above year-ago levels, but movements in those markets are more likely be driven by […] Read more

Prairie seeding off to ‘shaky start’

Reading Time: < 1 minute CNS Canada — Western Canada will likely see some favourable seeding conditions in the short term, one meteorologist says, though wet pockets in some areas need longer to dry out. “We are getting off to a little bit of a shaky start in some spots, but it looks like the weather pattern is going to […] Read more

Weather woes buoy U.S. wheat futures

Reading Time: 2 minutes CNS Canada — Wheat futures in the U.S. kicked off the week on a high note, following a weekend of adverse weather in key growing regions. That may provide a short-lived boost to cash prices in Canada, though the market has its own weather watch. Chicago Board of Trade wheat futures on Monday advanced close […] Read more

ICE weekly outlook: More gains likely for rising canola

Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola advanced sharply on the week and has room to strengthen further, though resistance is on the horizon. Canola far outpaced Chicago Board of Trade (CBOT) soybeans in the week ending Wednesday, as the market gathered independent strength. Since last week, July canola advanced about $18 per tonne, closing […] Read more

Fear of feed expected to keep malt barley acres low

Reading Time: 2 minutes CNS Canada — Concerns about weather dictating the quality of malt barley is keeping producers from seeding the crop this year, one industry participant says, while weak prices offer no extra incentive. “Acres are definitely going to be down, because of the fear of getting feed barley, which is horrendously low-priced,” said Rod Green of […] Read more