GFM Network News

Detail on the Chicago Board of Trade building. (Kevinstack22/iStock/Getty Images)

CBOT weekly outlook: Soy, corn strength impressive for time of year

Reading Time: < 1 minute MarketsFarm — Soybean and corn futures at the Chicago Board of Trade have posted solid gains over the week ended Wednesday, recovering after bearish yield and stocks data from the U.S. Department of Agriculture sparked a selloff a week earlier. Terry Reilly of Futures International in Chicago used “pretty impressive” to describe the latest strength […] Read more

(File photo by Dave Bedard)

ICE canola futures’ daily limit expanded to $60

Reading Time: < 1 minute MarketsFarm — The daily price limit (DPL) for canola futures contracts on the ICE Futures platform will rise to $60 per tonne starting Nov. 1, the exchange announced Tuesday. The DPL determines how much a contract can move in a given session above or below the previous settlement. The new level compares with the current […] Read more


Yellow peas. (Victoria Popova/iStock/Getty Images)

Pulse weekly outlook: Yellow peas selling at a premium

Local fractionation markets competitive

Reading Time: 2 minutes MarketsFarm –– Last summer’s lacklustre pea harvest in Western Canada has helped raise prices, but none more so than those of yellow peas. Yellow peas were trading at a high-delivered bid of $17.50 per bushel, according to Prairie Ag Hotwire data from Monday, up $1.50 from the same time last month and $9.50 from the […] Read more

CBOT November 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

U.S. grains: Soybeans up on firm cash markets, vegoils

Corn, wheat futures sputter

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures ended higher on Tuesday for a fourth straight session, with the benchmark November contract touching a one-week top on firm cash markets and global demand for vegetable oils, analysts said. But Chicago Board of Trade corn and wheat futures closed lower, sagging after a choppy session. CBOT November […] Read more


(Dave Bedard photo)

White House not ruling out a U.S. carbon tax

Option 'not off the table' despite Manchin comment

Reading Time: 3 minutes Washington | Reuters –– The White House on Tuesday said it has not ruled out a carbon tax as a possible option for fighting climate change, even though U.S. Senator Joe Manchin, a critical holdout in the closely divided Senate, said he was not discussing the topic in talks about U.S. spending and infrastructure bills. […] Read more

File photo of a CN locomotive in Winnipeg. (Dave Bedard photo)

CN CEO to retire as investor pressure weighs

Shareholder TCI has replacement in mind

Reading Time: 2 minutes Reuters — Canadian National Railway (CN) said on Tuesday its CEO Jean-Jacques Ruest will retire at the end of January, following investor demands for his exit after the railroad operator’s failed bid for Kansas City Southern. TCI Fund Management, which owns five per cent of Canadian National, in August pitched former Jim Vena — a […] Read more


File photo of a soybean plantation in Brazil. (Mailson Pignata/iStock/Getty Images)

More acres seen needed worldwide to meet mounting crops demand

U.S. acres may have already hit ceiling: AgResource chief

Reading Time: 2 minutes Geneva | Reuters — Farmers need more space to grow crops to meet mounting demand for food and renewable fuel at a time of slowing growth in yields, consultancy AgResource said on Tuesday. A renewable fuel push under U.S. President Joe Biden’s climate agenda is set to trigger a boom in soyoil use, reinforcing a […] Read more

Bayer’s cross symbol hangs in a terminal at Frankfurt International Airport. (Typhoonski/iStock Editorial/Getty Images)

Bayer sees farmers pre-buying inputs as supply-chain snarls continue

Reading Time: 2 minutes Chicago/Berlin | Reuters — U.S. farmers are pre-buying seeds and chemicals they need earlier than normal, in a bid to secure supplies for next spring amid sector-wide supply-chain problems, a top executive at German agricultural and pharmaceuticals firm Bayer said Tuesday. Bayer also estimates its average seed prices will go up about five per cent […] Read more


CME December 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)

U.S. livestock: CME live cattle retreat from one-month high

Corn futures weigh on feeder cattle

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Monday, hit by profit-taking and technical selling after the benchmark December contract hit a one-month high on Friday, traders said. A stronger close in corn futures pressured feeder cattle futures. CME December live cattle futures settled down 0.55 cent at 130.425 cents/lb. […] Read more

CBOT December 2021 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)

U.S. grains: Corn climbs on export data, acreage worries

CBOT soy, wheat also firm

Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures ended higher on Monday, rallying from early declines, as traders focused on stronger-than-expected weekly U.S. export inspections data and fears that rising fertilizer prices could limit corn plantings in the coming year. Soybean futures also rose, buoyed by strength in soyoil and global vegetable oil markets. Wheat futures […] Read more