GFM Network News

Global Markets: Boris Johnson wins large majority in UK election

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Dec. 13 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Boris Johnson’s Conservatives won a large parliamentary majority in Thursday’s United Kingdom election, taking 364 of the 650 seats. The Conservative win paves the way for a quick exit from the European Union. […] Read more

Variable yields supportive for mustard prices

Reading Time: < 1 minute MarketsFarm — Statistics Canada’s principal field crop production report last week estimated a significant drop in Canada’s 2019 mustard production. In September, the agency estimated Canadian mustard would total about 141,000 tonnes. However, due to challenging growing conditions and a slight reduction in acreage, the StatsCan estimates released Friday were revised downward to 134,600 tonnes. […] Read more


Feed weekly outlook: Grains pressured by lower demand

Reading Time: < 1 minute MarketsFarm — Bids for feed grains have backed off previous highs as feedlots in Western Canada are covered into the New Year. “Now they’re bidding January and forward,” said Allen Pirness of Market Place Commodities in Lethbridge. Bids for feed barley and feed wheat delivered from January to March were around $220 per tonne, according […] Read more




Canadian Financial Close: Canadian dollar slightly stronger

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Dec. 12 (MarketsFarm) – The Canadian dollar was slightly stronger on Thursday, buoyed by global optimism for a trade deal between the United States and China. The dollar finished the day at US$0.7586 or US$1=C$1.3182, compared to Wednesday when it closed at US$0.7575 or US$1=C$1.3201. Stock markets finished stronger following reports that […] Read more


North American Grain and Oilseed Review: Big jump in soyoil boosts canola bids

Reading Time: 2 minutes By Glen Hallick, MarketsFarm WINNIPEG, Dec. 12 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished stronger on Thursday, with spillover from large gains in Chicago soyoil. At the Chicago Board of Trade, soyoil jumped by almost eight-tenths of a cent today. Bids were buoyed by good export sales and buzz that a United States/China […] Read more

ICE canola midday: Bids higher, but could be even stronger

Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, Dec. 12 (MarketsFarm) – ICE Futures canola contracts were higher at midday Thursday, getting support from the Chicago soy complex. In particular, soyoil was approaching highs not seen in the last seven to eight months, said a Winnipeg-based trader. Although canola was up, the trader noted an ongoing issue with […] Read more


ICE canola stronger on Thursday

Reading Time: < 1 minute By Marlo Glass, MarketsFarm WINNIPEG, Dec. 12 (MarketsFarm) – The ICE Futures canola market was stronger on Thursday morning, recovering slightly from losses incurred the day before. Gains in the canola market were tempered by a lower tone for soybeans on the Chicago Board of Trade. Soybeans were lower despite strong export demand. According to […] Read more

ICE canola stronger on Thursday

Reading Time: < 1 minute By Marlo Glass, MarketsFarm WINNIPEG, Dec. 12 (MarketsFarm) – The ICE Futures canola market was stronger on Thursday morning, recovering slightly from losses incurred the day before. Gains in the canola market were tempered by a lower tone for soybeans on the Chicago Board of Trade. Soybeans were lower despite strong export demand. According to […] Read more