GFM Network News

Funds shift to long side in soybeans, covering canola shorts

Reading Time: < 1 minute MarketsFarm — Fund traders moved to a small net long position in soybeans and reduced their overall short position in canola during the second week of January, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came […] Read more

U.S. grains: Corn soars on bargain buying

Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures jumped 3.7 per cent on Friday, more than recovering from the prior day’s 3.1 per cent drop, buoyed by a mix of short-covering and expectations of increased export demand for U.S. supplies, traders and analysts said. Wheat and soybeans followed the firm trend. Chicago Board of Trade March […] Read more


Canadian Financial Close: Canadian dollar slightly lower

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Jan. 17 (MarketsFarm) – The Canadian dollar finished the week slightly lower. The dollar finished the day at US$0.7656 or US$1=C$1.3062, compared to Thursday when it closed at US$0.7666 or US$1=C$1.3045. Stock markets were stronger, remaining around all-time highs due to reports detailing positive economic data. Easing trade tensions between the United […] Read more

North American Grain/Oilseed Review: Canola up in pre-weekend trade

Reading Time: 2 minutes By Phil Franz-Warkentin, MarketsFarm Winnipeg, Jan. 17 (MarketsFarm) – ICE Futures canola contracts were stronger on Friday, taking back much of the losses posted earlier in the week amid ideas those declines were overdone. A turn higher in Chicago Board of Trade soyoil and soybeans provided underlying support. A weaker tone in the Canadian dollar […] Read more


Canola higher at midday Friday

Canola higher at midday Friday

Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 17 (MarketsFarm) – ICE Futures canola contracts were posting solid gains at midday Friday, seeing a continued recovery after the losses posted earlier in the week. A turn higher in Chicago Board of Trade soyoil provided underlying support for canola, while a weaker tone in the Canadian dollar contributed […] Read more

Canadian dollar and business outlook

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Jan. 17 (MarketsFarm) The Canadian dollar was slightly lower on Friday, due to comparable strength in the United States dollar. At 9:00 CST, the Canadian dollar was at US$0.7662 or C$1.3051, which compares with Thursday’s North American close of US$0.7666 or C$1.3045. Stocks were higher following reports detailing strong U.S. manufacturing output, […] Read more


Global Markets: Dow Jones opens at record high

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Jan. 17 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – The Dow Jones Industrial Average opened at a record high on Friday, as improving economic data and optimistic corporate earnings report lent support to equities. – Iranian supreme leader Ayatollah Ali Khamenei gave […] Read more

ICE canola futures: Prices find strength in lack of selling

Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, Jan. 17 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were steady to higher Friday morning, a slowdown in fund and farmer selling as well as the recent frigid weather has helped to underpin bids. Although the technical bias for canola has been to the downside, it’s holding above support […] Read more



U.S. grains: Corn, soy to one-month lows

Reading Time: 2 minutes Chicago | Reuters –– U.S. corn and soybean futures hit one-month lows on Thursday and wheat futures followed amid doubts about whether China will make the purchases from the United States promised in a trade deal between the two countries, analysts said. Chicago Board of Trade March corn futures tumbled three per cent, settling down […] Read more