GFM Network News


Kansas City May 2021 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange, green lines). (Barchart)

U.S. grains: Futures rally on weather concerns

Wheat futures book biggest increases

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat, corn and soybean futures rallied on Wednesday, supported by concerns that a cold snap in the U.S. Midwest and Plains could hamper crop development, traders said. Chicago Board of Trade corn gained 2.4 per cent to hit its highest since June 2013. Wheat futures posted the biggest increases, with […] Read more



(Nadezhda_Nesterova/iStock/Getty Images)

Compensation programs hatched for feather sectors

On-farm investment, market development plans on deck

Reading Time: 4 minutes Long-awaited programs to make up for market share lost to imports under the Trans-Pacific Partnership trade pact are set to roll out to Canada’s chicken, egg and turkey farmers. Agriculture Minister Marie-Claude Bibeau and caucus colleagues on Tuesday announced the specific contents of her previously-pledged $691 million, 10-year compensation funding envelope: a Poultry and Egg […] Read more

File photo of Agropur’s fluid milk plant in Winnipeg. (Dave Bedard photo)

Agropur to shut Winnipeg fluid milk plant

Work to be consolidated in B.C., Alberta

Reading Time: 2 minutes Dairy co-operative Agropur will consolidate its fluid milk production for Western Canada further west this fall, as it moves to shut its operation in Winnipeg. The Quebec-based co-operative announced Tuesday it will close its Winnipeg fluid milk plant effective Sept. 24 — affecting 48 jobs — and transfer that work to plants at Edmonton, Victoria […] Read more


CBOT May 2021 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soy, corn rise as funds step in after two losing sessions

Wheat up on 'water deficit' concerns

Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures rose on Tuesday, bouncing back from two days of declines on bargain buying by investment funds and concerns about tight supplies of both commodities, traders said. Wheat futures also firmed, with concerns about dry soils limiting U.S. and European production underpinning prices. Corn and soybean futures […] Read more

CME June 2021 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Hog futures edge higher after limit down move

CME cattle futures weak

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog futures firmed slightly on Tuesday after falling their daily trading limit in the previous session. Traders said the market had run out of steam after rallying to their highest since June 2014 last week. “There no doubt remains questions about the belly’s staying power at these levels […] Read more


CME August 2021 feeder cattle (candlesticks) with Bollinger bands (20,2) and 100-day moving average (black line). (Barchart)

Klassen: Stronger demand drives feeder market

Reading Time: 2 minutes Compared to last week, western Canadian yearling prices were $3 to as much as $6 higher, but calf prices were relatively unchanged. Major feedlot operators were very aggressive on heavier calves and yearlings weighing 700-850 lbs. Yearlings over 850 lbs. were also well bid but not as strong as their lighter-weight counterparts. Feed barley prices […] Read more

File photo of cranes at the Port of Montreal. (Jean-Paul_Lejeune/iStock/Getty Images)

Montreal longshoremen to strike on weekends

Exporters again call for feds to step in

Reading Time: 3 minutes Exporters of Canadian crops and other goods have amped up calls for federal intervention after longshore workers at the Port of Montreal declared a “partial” strike affecting weekend and overtime work. The Syndicat des debardeurs du port de Montreal (SCFP/CUPE Local 375) said Saturday they had filed 72 hours’ strike notice, to take effect Tuesday […] Read more


CBOT May 2021 soybeans (candlesticks) with Bollinger bands (20,2) and CBOT July 2021 soyoil (dark green line). (Barchart)

U.S. grains: Soybean futures drop as soyoil crumbles

Corn, wheat futures also weak

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell 1.5 per cent on Monday, led lower by the soyoil market’s decline to its lowest in nearly six weeks on bearish data about palm oil supplies, traders said. “The bean oil led the beans up and it looks like they are going to lead them down,” said […] Read more

CME June 2021 lean hogs with Bollinger (20,2) bands. (Barchart)

U.S. livestock: Lean hogs limit-down off highest in nearly seven years

Follow-through selling drags on live cattle

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile exchange lean hog futures dropped sharply on Monday, with numerous contracts closing down the daily three-cent limit on a round of profit-taking after the front-month contract hit its highest since June 2014 last week. “We have had a strong run and we are coming up a little bit short […] Read more