GFM Network News

Must Reads


Stories from our other publications

ICE weekly outlook: Will canola’s bull market continue?

Loonie's strength has oddly little effect

Reading Time: 2 minutes MarketsFarm — Canola has been seeing terrific days on ICE Futures so far in October, thanks to a bull market generated by good demand and further supported by traders looking to roll out of their November contracts as those soon expire. As October winds down, the big question is: will canola’s ride come to an […] Read more

U.S. livestock: Cattle futures mixed

CME lean hog futures ease

Reading Time: < 1 minute Chicago | Reuters — CME live cattle futures eased on Wednesday, retreating back toward seven-week lows hit on Monday after a bargain buying bounce fizzled as plentiful supplies remained the focus of investors. Feeder cattle futures were slightly higher following the front-month contract’s decline to its lowest since July 1 on Tuesday. “The cattle are […] Read more

U.S. grains: Corn, soy rise on export hopes

Wheat futures dip on profit taking

Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn and soybean futures rose on Wednesday, as concerns about dry conditions in key global production areas of South America boosted export prospects for both U.S. commodities. Strength in the cash market also supported gains in corn and soybean futures, traders said. CBOT soft red winter wheat […] Read more

Canadian Financial Close: Loonie slightly higher on Wednesday

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Oct. 21 (MarketsFarm) – The Canadian dollar was slightly higher at Wednesday’s close. The dollar finished the day at US$0.7621 or US$1=C$1.3122, compared to Tuesday when it closed at US$0.7612 or US$1=C$1.3138. United States stocks were lower due to prolonged talks regarding another stimulus package during the COVID-19 pandemic. Democratic House Speaker […] Read more

North American Grain and Oilseed Review: More gains for canola

CBOT: Beans, corn up, wheat mixed

Reading Time: 2 minutes By Glen Hallick, MarketsFarm WINNIPEG, Oct. 21 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts continued upward on Wednesday with some months witnessing new highs. As the expiry for the November contract approaches, traders are still rolling out and into the January contract. Improved demand has also been providing support to canola. Exports are up […] Read more

CBOT weekly outlook: Export demand supports wheat, soy

Lower U.S. dollar also supportive

Reading Time: < 1 minute MarketsFarm — Strong global demand, paired with concerns of dry growing conditions in key regions, has spurred U.S. wheat prices higher. “Some countries are getting nervous with the persistent dryness in several regions, which could reduce the supply of quality global wheat,” said Terry Reilly of Futures International in Chicago. Dry growing conditions in Ukraine, […] Read more

BHP covers added costs for potash project

Long-awaited decision by BHP board now expected mid-2021

Reading Time: 2 minutes “Challenges” in completing the shafts for its Saskatchewan potash project have led the world’s biggest mining company to top up the project budget by 10 per cent. BHP, in an operational review document released Tuesday for its quarter ending Sept. 30, said its board has approved another $272 million to complete the watertight concrete and […] Read more

ICE Canola Midday: Contracts reaching new highs

'This market keeps chugging higher' says trader

Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, Oct. 21 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Wednesday in what has continued to be a bull market, with many months hitting new highs. “This market keeps chugging higher. Buying interest continues, we’re not sure if it’s short covering,” said a Winnipeg-based trader, noting there […] Read more

Global Markets: Slight bump in retail sales during August

C$192 million net increase in sales

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Oct. 21 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Statistics Canada reported on Wednesday that retail sales in August increased 0.5 per cent from July, marking the fourth straight month that sales rose. The C$192 million net increase was due to improved […] Read more

Canadian dollar and business outlook

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Oct. 21 (MarketsFarm) – The Canadian dollar was slightly stronger on Wednesday morning.      At 8:35 CDT Wednesday morning the Canadian dollar was at US$0.7623 or US$1=C$1.3118, which compares with Tuesday’s North American close of US$0.7612 or US$1=C$1.3138. A recent report from Statistics Canada showed Canada’s inflation rate was 0.5 per cent […] Read more