GFM Network News


ICE weekly outlook: Oversold canola still fundamentally bearish

ICE canola futures are starting to look oversold after falling contract lows during the week ended Wednesday. While a short-term technical correction is possible, the underlying fundamentals remain bearish. “Canola might be a little bit short-term oversold,” said Ken Ball of PI Financial in Winnipeg. Signs that exports were perking up could also be supportive, […] Read more












Buhler cutting overhead to boost margins

Tractor and farm equipment maker Buhler Industries has added financing from its majority owner to a regime of cost cuts in a bid to lift its quarterly results out of the red. Citing “depressed” sales due to “weak” commodity prices, the Winnipeg company on Thursday booked a net loss of $4.4 million on $57.3 million […] Read more

Canada, U.S. to challenge India’s pulse price supports

Canada and the U.S. are set to challenge India’s market price supports for certain pulses including chickpeas and lentils. U.S. Trade Representative Robert Lighthizer and U.S. Agriculture Secretary Sonny Perdue on Friday announced that “together with Canada” they’ve submitted a “counter notification” on the matter to the World Trade Organization (WTO) Committee on Agriculture (COA). […] Read more