GFM Network News

Canadian Financial Close: C$ ends week on soft note

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Sept. 25 (MarketsFarm) – The Canadian dollar was weaker on Friday, hitting its lowest levels in seven weeks relative to its United States counterpart amid heightened concerns over a second wave of COVID-19. The Canadian dollar closed at US$0.7465 or US$1=C$1.3396, which compares with Thursday’s North American close of US$0.7477 or US$1=C$1.3374. […] Read more

North American Grain/Oilseed Review

Reading Time: 2 minutes By Marlo Glass, MarketsFarm WINNIPEG, Sept. 25 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were stronger on Friday, after four conservatives days of losses. Canola found support from a stronger tone in comparable vegetable oils. Nearby Chicago soyoil contracts were up by about half of a cent after week of considerable losses. The loonie […] Read more


ICE Canola Midday: Prices show strength midday Friday

Reading Time: < 1 minute By Marlo Glass, MarketsFarm WINNIPEG, Sept. 25 (MarketsFarm) – ICE Futures canola contracts were higher at midday Friday, after considerable losses throughout the week. Strength in comparable vegetable oils propped up prices, with nearby contracts posting half-cent gains at midday. European rapeseed was also stronger, while Malaysian palm oil showed losses. Harvest activity across the […] Read more

Canadian dollar and business outlook

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Sept. 25 (MarketsFarm) – The Canadian dollar continued to weaken relative to its United States counterpart Friday morning, amid mounting concerns over a second-wave of the COVID-19 pandemic. At 9:18 CDT Friday morning the Canadian dollar was at US$0.7469 or C$1.3389 which was down from Thursday’s North American close of US$0.7477 or […] Read more


Global Markets: Novavax begins late-stage COVID-19 trials

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Sept. 25 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. United States-based drug company Novavax has begun late-stage trials of a potential COVID-19 vaccine in the United Kingdom. The trial involves 10,000 people ranging between 18 and 84. According to a statement issued on […] Read more

ICE Canada Morning Comment: Canola gains some traction

Support from soyoil, rapeseed

Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, Sept. 25 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were slightly higher on Friday morning, after a week of losses. Support was coming from increases in Chicago soyoil and European rapeseed. However, those gains were tempered by losses in Malaysian palm oil. The Canadian dollar was relatively steady at […] Read more


India restores reduced tariff on lentil imports

All but U.S. lentil imports to get better break on duty, again

Reading Time: 2 minutes India has reinstated a reduced-rate tariff on imports of lentils from Canada as well as from all lentil-exporting nations other than the United States. Saskatchewan Pulse Growers on Friday reported receiving a Sept. 17 notification of amendment from India’s finance ministry regarding customs tariffs on lentils, which in Canada’s case had snapped back to 33 […] Read more

Canadian Financial Close: C$ weakens

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Sept. 24 (MarketsFarm) – The Canadian dollar was weaker on Thursday, retreating from earlier gains amid ongoing concerns over a second wave of COVID-19. The Canadian dollar closed at US$0.7477 or US$1=C$1.3374, which compares with Wednesday’s North American close of US$0.7486 or US$1=C$1.3358. Canada’s minority-Liberal government announced plans to increase pandemic spending, […] Read more


U.S. livestock: Cattle futures rise on supply concerns

CME lean hog futures down

Reading Time: < 1 minute Chicago | Reuters — Live cattle futures rose to their highest in more than a month on Thursday, supported by signs of a stabilizing cash market and concerns about tight supplies in the coming months, traders said. “The feedlots believe… that we have a marketing hole for most of October into December,” Don Roose, president […] Read more

U.S. grains: Harvest pressure weighs on corn, soybeans

CBOT wheat futures firm

Reading Time: 2 minutes Chicago | Reuters –– U.S. corn and soybean futures dropped to their lowest in more than a week on Thursday, with investors locking in gains made from a recent rally as combines rolled across key production areas of the Midwest, traders said. “The grains appear to be in full-on profit-taking mode this week as the […] Read more