GFM Network News

Must Reads


Stories from our other publications

U.S. grains: Corn, soy, wheat end lower ahead of long weekend

Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures closed lower on Friday on technical selling ahead of a long holiday weekend and uncertainty about U.S. export prospects, traders said. Wheat futures followed the weak trend, drifting lower in rangebound trade. A stronger dollar hung over the markets, making U.S. grains and soy less competitive […] Read more

U.S. livestock: Cattle bounce after this week’s four-month lows

Plentiful hog supplies drag on futures

Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed higher on Friday on bargain buying after the benchmark April contract fell to a 4-1/2-month low this week, with traders citing expectations for a seasonal pickup in beef demand, traders said. Benchmark April live cattle futures on the Chicago Mercantile Exchange settled up 1.8 cents at […] Read more

Strong demand supports sunflowers

Reading Time: < 1 minute MarketsFarm — Global demand for sunflower oil is steadily increasing, according to Scoular’s Robert Deraas. Deraas, director of the Scoular Co.’s sunflower and bird food division, explained Wednesday at CropConnect in Winnipeg that the majority of Canadian sunflowers are grown for oil purposes. Increases in demand are driven largely by health-conscious consumers who use sunflower […] Read more

Canola supplies in commercial pipeline hit fresh high

Reading Time: < 1 minute MarketsFarm — Visible canola supplies in the commercial pipeline hit their highest level in more than three years in the latest Canadian Grain Commission data, with the slow pace of export movement likely to keep those stocks at burdensome levels. Total visible Canadian canola supplies as of Sunday were pegged at 1.6 million tonnes. That’s […] Read more

Prairie cash wheat: Bids mostly weaker on U.S. price declines

Reading Time: 2 minutes MarketsFarm — Bids in Western Canada for the week ended Thursday were steady to lower for Canada Western Red Spring (CWRS), Canada Prairie Spring Red (CPSR) and durum (CWAD) wheats, as declines in U.S. wheat prices weighed on values. The Canadian dollar was up two-10ths of a U.S. cent during the week, which also put […] Read more

Canadian Financial Close: Canadian dollar firm

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Feb. 14 (MarketsFarm) – The Canadian dollar was slightly stronger on Friday, supported by a positive tone for financial markets and crude oil prices. The dollar finished the day at US$0.7548 or US$1=C$1.3249, compared to Thursday when it closed at 7544 or US$1=C$1.3256. Financial markets closed mostly the green ahead of the […] Read more

North American Grain and Oilseed Review: Consolidation the order of the day

Reading Time: 2 minutes By Glen Hallick, MarketsFarm WINNIPEG, Feb. 14 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished lower on Friday, due to heavy spread activity and weaker vegetable oil prices. A Winnipeg-based trader said there will be issues down the road should blockades of rail traffic across the country continue. Since last week, the blockades have […] Read more

ICE canola midday: Prices down on weaker vegetable oils

Reading Time: < 1 minute ICE canola midday: Prices down on weaker vegetable oils By Glen Hallick, MarketsFarm WINNIPEG, Feb. 14 (MarketsFarm) – ICE Futures canola contracts were lower on Friday, as Chicago soyoil was flat while European rapeseed and Malaysian palm oil were down. A Winnipeg-based trader said the spreads have been very active this week as traders moved […] Read more

Global Markets: CN, Via cutting rail services

Huawei facing new charges in U.S.

Reading Time: 2 minutes By MarketsFarm WINNIPEG, Feb. 14 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Canadian National Railway and Via Rail said they are drastically cutting back on their operations on Friday, due to the ongoing blockades set up by protestors. Yesterday, CN said it will cancel its […] Read more

ICE canola slightly weaker on Friday

Reading Time: < 1 minute By Marlo Glass, MarketsFarm WINNIPEG, Feb. 14 (MarketsFarm) – The ICE Futures canola market was steady to mostly lower on Friday. Strength in soyoil on the Chicago Board of Trade was supportive of canola values. Canadian National Railway (CN Rail) has shut down large sections of railway networks across the country due to blockades in […] Read more