GFM Network News

Must Reads


Stories from our other publications

ICE Canola Midday: Prices mixed at midday

By Marlo Glass, MarketsFarm WINNIPEG, April 2 – ICE Futures canola contracts were mixed at midday Thursday with nearby contracts biased to the downside. Soyoil on the Chicago Board of Trade regained some of the considerable losses incurred yesterday, which gave canola prices a bit of support. One Winnipeg-based trader said spreading activity was also […] Read more

ICE canola mixed in choppy early trade

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 2 (MarketsFarm) – The ICE Futures canola market was trading to both sides of unchanged Thursday morning, lacking any clear direction in thin and choppy activity. The Chicago Board of Trade soy complex was also mixed, with a softer tone in soybeans and small gains in soyoil. Uncertainty in […] Read more

Canadian Dollar and Business Outlook: Loonie losing ground to U.S. greenback

Oil up as China buys 900 million barrels

By MarketsFarm WINNIPEG, April 2 (MarketsFarm) – The Canadian dollar was lower Thursday morning, as the United States dollar has been gaining strength with investors fearful of a global recession. As of 8:44 CDT, the Canadian dollar was at US$0.7002 or C$1.4277, compared to Wednesday’s close of US$0.7034 or C$1.4217. Benchmark crude oil prices were […] Read more

ICE weekly outlook: Canola loses strength at midweek

MarketsFarm — ICE Futures canola contracts succumbed to pressure from comparable vegetable oils at midweek, after showing strength earlier in the week. Ken Ball of P.I. Financial said lower soyoil values put canola “under tremendous pressure.” Nearby soyoil contracts were down by about a penny on Wednesday. Earlier in the week, rumours swirled regarding the […] Read more

CBOT weekly outlook: Pandemic drives Chicago prices lower

MarketsFarm — The COVID-19 pandemic has continued to pressure U.S. markets, including the Chicago Board of Trade (CBOT), according to Scott Capinegro, president of Barrington Commodities at Barrington, Ill. “It’s like that movie Groundhog Day. You wake up and it’s the same thing every day,” Capinegro said. There’s a domino effect in the grain industry […] Read more

U.S. livestock: Cattle, hogs limit down on coronavirus fears

Market has to 'reevaluate' supply/demand picture

Chicago | Reuters — U.S. livestock futures on the Chicago Mercantile Exchange (CME) plunged by their daily trading limits on Wednesday as stricter coronavirus emergency measures hammered stock markets and deepened worries about a global recession. Live cattle futures dropped for the fourth time in five sessions, erasing all of the prior session’s gains, while […] Read more

U.S. grains: Wheat posts steepest drop since August

Soy drop biggest in 2-1/2 weeks; corn extends losses on big supply, weak ethanol demand

Chicago | Reuters — U.S. wheat prices fell more than three per cent on Wednesday as coronavirus fears dragged down equities markets and lifted the dollar, sending Chicago wheat futures to their steepest decline in 7-1/2 months. Soybeans fell more than two per cent, the most in 2-1/2 weeks, and most corn contracts posted fresh […] Read more

Canadian Financial Close: Growing fears of global recession

Trump tackling crude oil price war

By MarketsFarm WINNIPEG, April 1 (MarketsFarm) – The Canadian dollar was slightly lower on Wednesday, as losses on the Toronto Stock Exchange countered small gains for crude oil. The dollar finished the day at US$0.7034 or US$1=C$1.4217, compared to Tuesday when it closed at US$0.7049 or US$1=C$1.4187. The TSX Composite Index dropped 502.38 points to […] Read more

North American Grain/Oilseed Review

By Marlo Glass, MarketFarm WINNIPEG, April 1 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished lower on Wednesday. Considerable weakness in Chicago soyoil was characterized as an “overwhelmingly negative factor” for canola prices. At market close, soyoil was down by over a penny. In comparison, canola prices held fairly steady. A weaker tone to […] Read more