GFM Network News


ICE weekly outlook: Canola, soy crush margins up sharply

Reading Time: < 1 minute MarketsFarm — As canola and other ag commodities made strong gains over the last week, there was something a little strange about them, according to Winnipeg-based trader Bill Craddock. Crush margins, he said, follow prices for edible oils and meal, as well as the Canadian dollar. It’s all part of the formula used to calculate […] Read more

CBOT weekly outlook: Markets focused on virus, oil prices, stocks

Reading Time: 2 minutes MarketsFarm — From where Steve Georgy sits, commodity markets such as the Chicago Board of Trade (CBOT) are currently focused on only three things. One is the COVID-19 coronavirus — specifically, how the global outbreak affects commodity markets, especially if it results in “the slowing down the movement of grain, the slowing down the movement […] Read more


Pulse weekly outlook: Bids underpin Manitoba edible bean area

Province's soybean acres expected to fall

Reading Time: 2 minutes MarketsFarm — Solid prices should keep Manitoba farmers growing edible beans in 2020, although soybean area will likely drop, according to a provincial specialist. Disappointing harvest weather in 2019 hurt yields and cut into harvested area for edible beans in both Manitoba and across the border in the United States. As a result, prices heading […] Read more

Argentine farmers strike to protest export tax hike

Reading Time: 2 minutes Buenos Aires | Reuters — Argentine farmers began a four-day sales strike on Monday to protest the government’s hike of export taxes for soybeans and their byproducts, though shipments were not impacted in the major global food exporter. Three of the South American country’s four main rural associations announced the strike last week in frustration […] Read more


CBOT weekly outlook: Soybeans, corn recover

More gains possible

Reading Time: < 1 minute MarketsFarm — Soybean and corn futures at the Chicago Board of Trade moved off of nearby lows over the past week, with more upside a possibility, according to an analyst. “In general, with the recovery in energy prices and global markets, we’re seeing a little support come into the agricultural markets,” said Terry Reilly of […] Read more



Cargill to enter faux-meat market

Major processor/packer expanding plant-based protein product line

Reading Time: 2 minutes U.S. agrifood giant Cargill is set to bring its crop supply chain further into its proteins business via a new line of plant-based patty and ground products for the retail and foodservice sectors. Already a major player in meat protein, with assets including two major Canadian packing plants processing up to 6,000 head of cattle […] Read more

CBOT weekly outlook: Commodities hold up while waiting on China

Reading Time: 2 minutes MarketsFarm — There’s no doubt commodities on the Chicago Board of Trade have struggled since the coronavirus outbreak in China, but the situation could be worse, a trader said. “I personally think the markets… are holding up pretty well with all of the negative news,” said Scott Capinegro of Barrington Commodities in Barrington, Ill. Some […] Read more


CBOT weekly outlook: Soy, corn wait for next big thing

Reading Time: < 1 minute MarketsFarm — Soybean and corn futures at the Chicago Board of Trade have recovered off of nearby lows, but remain rangebound overall waiting for fresh news to push values one way or the other. The U.S. Department of Agriculture holds its Agriculture Outlook Forum on Feb. 20-21. USDA’s first acreage and supply/demand estimates for the […] Read more

GFO quits Grain Growers of Canada

Grain Farmers of Ontario flags national group's 'governance' and structure

Reading Time: 3 minutes Grain Farmers of Ontario has dropped out of Grain Growers of Canada. The Ontario organization, which represents about 28,000 barley, corn, oat, soybean and wheat farmers in the province, cited a lack of representation in the national policy group. GFO publicly announced its withdrawal in a news release on Thursday, days after it informed the […] Read more