GFM Network News

Must Reads


Stories from our other publications

U.S. grains: Profit taking pressures wheat, corn, soybeans

Warmer spell also drags on winter wheat futures

Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures slid 2.8 per cent on Friday, their second straight day of declines, on a profit-taking setback as warming weather in the U.S. reduced the threat of damage to the dormant crop, traders said. Corn and soybean futures also were weaker but closed well above session […] Read more

U.S. livestock: Hog futures drop on end-of-month profit taking

Live cattle book biggest one-day drop since November

Reading Time: < 1 minute Chicago | Reuters — U.S. hog futures dropped 2.9 per cent on Friday, with traders locking in profits from the rally on the last session of February. The loss, which pulled the market from the nearly two-year high hit on Thursday, was the biggest for hogs in percentage terms since Nov. 19. It snapped a […] Read more

Canadian Financial Close: Loonie takes a tumble

Higher bind yields force drop in dollar

Reading Time: < 1 minute Posted by Glen Hallick, MarketsFarm WINNIPEG, Feb. 26 (MarketsFarm) – The Canadian dollar plummeted by nearly a full cent on Friday, as investor sentiment waned on this week’s spike in bond yields. The loonie finished at US$0.7883 or US$1=C$1.2685, compared to Thursday’s close of US$0.7981 or US$1=C$1.2530. Benchmark crude oil prices were lower on Thursday, […] Read more

North American Grain/Oilseed Review: Canola ends mixed after choppy day

Reading Time: 2 minutes By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 26 (MarketsFarm) – The ICE Futures canola market was mixed on Friday, recovering from earlier losses in the front months as sharp weakness in the Canadian dollar provided some support. Canola had posted losses for most of the session as speculative profit-taking and a slowdown in end-user demand weighed […] Read more

ICE canola down with profit-taking and softening in demand

Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 26 (MarketsFarm) – The ICE Futures canola market was weaker at Friday, as speculators booked profits and end users backed away from the buy side. “Line companies are dropping their bids,” said a trader adding that the market “is doing its job.” He expected that exporters and domestic crushers […] Read more

Canadian dollar and business outlook

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Feb. 26 (MarketsFarm) – The Canadian dollar was sharply weaker Friday morning, pressured by a move away from riskier assets in the global financial markets. At 9:04 CST Friday morning the Canadian dollar was at US$0.7906 or US$1=C$1.2649 which compares with Thursday’s North American close of US$0.7981 or US$1=C$1.2530. Increases in United […] Read more

ICE Canada Morning Comment: Declines in canola continue, not as severe

Weekly CGC numbers shoot upward

Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, Feb. 26 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts continued lower on Friday morning, as speculators liquidate long positions. Of note, the declines weren’t as dramatic as the near limit drops experienced on Thursday. Weakness in comparable edible oils contributed to this morning’s losses. The Canadian dollar was in […] Read more

Global Markets: Health Canada approves AstraZeneca vaccine

Reading Time: < 1 minute WINNIPEG, Feb. 26 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Health Canada announced this morning it has approved the AstraZeneca COVID-19 vaccine for use. The vaccine, which was created in collaboration with Oxford University, was analyzed by Canadian regulators since October before authorizing its use. […] Read more

Push on to prevent strike at Port of Montreal

A work stoppage that could start March 20 would disrupt containerized grain exports

Reading Time: 3 minutes Ottawa needs to act now to prevent a strike March 20 that would stop containerized grain from being exported from the Port of Montreal, says Jeff English, vice-president of marketing and communications at Pulse Canada. “This is something we can see off in the distance, but we are going to be there before you know […] Read more

Farmers’ net cash income improves as crop prices soar

Reading Time: < 1 minute Winnipeg | Reuters — Canadian farmers reaped record profits last year and are on track to do the same this year, the federal agriculture ministry said on Thursday, as prices for its top crops soared. Prices of canola hit all-time highs this month, rallying with oilseed rival soybeans, on brisk Chinese buying to produce feed […] Read more