GFM Network News


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



U.S. grains: Wheat, corn ease after rallies

Chicago soybean futures firm

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat and corn futures fell on Wednesday on profit taking from the previous session’s strong rally, grain dealers said. Bargain buying pulled the grain contracts from their session lows ahead of the close. “Yesterday was probably a little overdone in the wheat market,” said Jim Gerlach, president of Indiana-based A/C […] Read more

Fraser: In ag marketing, emotions need to start trumping facts

Emotional transparency 'actually goes a long way'

Reading Time: 3 minutes Go to an agricultural event and someone will inevitably point out how bad farmers are at getting their message to consumers. As annoying as it is, those comments underscore an increasingly important theme in Canadian agriculture: communication. It used to be enough to grow and market your crops, but that has changed dramatically over the […] Read more


U.S. grains: Wheat futures rally, pull corn higher

Chicago soybean futures weaken

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures surged 4.5 per cent on Tuesday, their biggest gain since May, as cuts to the harvest outlook in Australia bolstered prospects for U.S. exports, traders said. The rally in wheat, which closed near session highs as technical buyers entered the market after the early strength, underpinned the corn […] Read more

U.S. livestock: Hogs rally with hopes for exports to China

Cattle market similarly hopeful

Reading Time: < 1 minute Chicago | Reuters — U.S. hog futures rose 2.1 per cent on Tuesday on hopes for increased demand from China as the world’s top pork consumer announced plans to begin issuing tariff-free import licenses. China will grant exemptions on retaliatory duties imposed against 696 U.S. goods, the most substantial tariff relief to be offered so […] Read more


More tax deferral zones announced for ranchers

Final list released for 2019 tax year

Reading Time: 2 minutes More ranchers who were up against a dry 2019 may now be eligible to defer some income from their livestock sales for the income tax year. The federal government on Tuesday released the “final list” of designated regions where income tax deferral on sales of breeding livestock has been authorized for 2019. In a prescribed […] Read more




Passenger trains to run again, pipeline protests block freight

Reading Time: 2 minutes Ottawa | Reuters — Passenger rail operator Via Rail said Tuesday it would soon resume partial services between Quebec City and Ottawa while the government sought to end anti-pipeline protests that are blocking rail freight in Eastern Canada. Via said passenger services between the two cities would start on Thursday after it received a notification […] Read more