GFM Network News

CN halts rail traffic in East due to protests

Grain groups seek dispute resolution or enforcement of court orders

Reading Time: 2 minutes Canadian National Railway (CN) is shutting down its Eastern Canada operations due to ongoing blockades on its rail lines in Ontario. The company announced Thursday it’s been “forced to initiate a disciplined and progressive shutdown” in the region, which means “stopping and safely securing all transcontinental trains across its Canadian network.” The decision “may imminently […] Read more

CBOT weekly outlook: All eyes on March 1 trade deadline

Reading Time: 2 minutes As high-level trade talks are underway in Beijing this week between the U.S. and China, commodity markets are watching carefully, said an analyst following the Chicago Board of Trade. “All eyes are on March 1,” said Steve Georgy of Allendale Inc. Should negotiators fail to make any progress toward resolving the U.S./China trade war, the […] Read more

U.S. grains: Soy firm after USDA data, focus turns to China talks

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures ended firm on Friday as late-session short-covering lifted prices from lows notched after the U.S. Department of Agriculture (USDA) projected record large U.S. soy stocks amid a still-unresolved trade dispute with top importer China. Corn eased after USDA released a flood of data Friday, some of it delayed […] Read more

CBOT weekly outlook: Quiet markets wait on USDA reports, China sales

Reading Time: 2 minutes Pending the release of U.S. Department of Agriculture (USDA) reports on Friday, trading on the Chicago Board of Trade (CBOT) has remained quiet, according to one broker, who was cautious about U.S. soybean sales to China. Following the 35-day partial U.S. government shutdown that ended Jan. 25, USDA will have taken two weeks to prepare […] Read more

ICE weekly outlook: Canola waits on trade talks, USDA reports

Reading Time: 2 minutes ICE canola futures are quiet at the end of January, but could see some movement from outside influences in the coming weeks, according to Exceed Grain senior marketing analyst Wayne Palmer. “Everybody is waiting to see what’s going to happen with the Chinese/United States (trade) talks,” he said. Two days of high-level trade negotiations between […] Read more

CBOT weekly outlook: Soy, corn follow trade talks closely

Reading Time: 2 minutes Talks between the U.S. and China taking place in Washington this week are being followed closely by Chicago Board of Trade soybean and corn traders, with optimism over improving relations between the two countries helping prop up the futures. “The U.S./China talks will be on the top of all traders’ minds,” said Terry Reilly, of […] Read more

USDA extends deadline for aid after shutdown

Reading Time: 2 minutes Washington | Reuters — U.S. farmers now have until Feb. 14 to apply for federal aid designed to offset the impact of retaliatory Chinese tariffs on American crops, the U.S. Department of Agriculture said on Monday, after delays caused by the month-long government shutdown. The previous deadline for the aid program, officially known as the […] Read more

U.S. grains: Soybeans hit two-week high

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures climbed to a two-week high on Friday on worries about the size of Brazil’s crop and short-covering ahead of planned U.S.-China trade talks next week, traders said. Corn firmed, following strength in soybeans, while wheat drifted lower, pressured by news that a private forecaster had raised its estimate […] Read more

USDA to reopen all farm agency offices

Reading Time: < 1 minute Washington | Reuters — The U.S. Department of Agriculture said Tuesday it will reopen all Farm Service Agency offices on Thursday to offer services to farmers and ranchers during the partial government shutdown. Some Farm Service Agency (FSA) offices had been providing limited services since Jan. 17, but the move means all of the agency’s […] Read more