GFM Network News


CBOT July 2021 corn (candlesticks) with MGEX, CBOT and K.C. July 2021 wheat (green, black and orange lines). (Barchart)

U.S. grains: Corn, soy plunge on weather, broad commodities sell-off

CBOT wheat follows trend lower

Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures fell sharply on Thursday, pressured by outlooks for rain and cooler temperatures in the Midwest crop belt, as well as spillover from broad-based selling in the commodities sector, analysts said. Wheat followed the weaker trend, with seasonal pressure noted from the U.S. winter wheat harvest. Chicago […] Read more


CME August 2021 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines) and August 2021 live cattle (dark red open/high/low/close). (Barchart)

U.S. livestock: Hogs limit down for second consecutive day

CME August cattle end lower

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures fell by an exchange-imposed limit for a second consecutive session on Thursday as commodities declined broadly. Selling by index funds fueled losses in markets from hogs to cattle and corn, after the U.S. Federal Reserve signaled it might raise interest rates sooner than expected, […] Read more

Canadian Financial Close: Loonie loses whole cent

Reading Time: < 1 minute WINNIPEG – The Canadian dollar was in a freefall on Thursday as its American counterpart reached a two-month high. The loonie was at US$0.8103 or US$1=C$1.2341 on Thursday, down from Wednesday’s close at US$0.8203 or US$1=C$1.2191. Meanwhile, the U.S. Dollar Index jumped 0.81 points at 91.94. United States Federal Reserve Chair Jerome Powell announced yesterday […] Read more



ICE Midday: Canola hits limit down

Reading Time: < 1 minute WINNIPEG – The ICE Futures canola market suffered its largest losses of the week at midday Thursday as contracts had either hit or were approaching limit down. The July canola contract has also fallen below the C$800 per tonne mark. A Winnipeg-based trader stated that recent rains had brought downward pressure on the market, despite […] Read more


Canadian dollar and business outlook

Reading Time: < 1 minute By MarketsFarm WINNIPEG, June 17 (MarketsFarm) – The Canadian dollar was weaker Thursday morning, pressured by broad strength in the United States dollar internationally. At 8:54 a.m. CDT Thursday morning, the Canadian dollar was at US$0.8126 or US$1=C$1.2307 which compares with Wednesday’s North American close of US$0.8203 or US$1=C$1.2191. The U.S. Federal Reserve took a […] Read more



ICE Canada Morning Comment: Canola continues to tumble

Steep declines in soybeans, soyoil, rapeseed

Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, June 17 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were weaker on Thursday morning, as bearish signals continued to drive down prices. Chicago soybeans and soyoil were in steep decline while soymeal incurred minor losses. There were sharp pull backs in European rapeseed as well, but those for Malaysian palm […] Read more