GFM Network News

New Brunswick to lift ban on temporary foreign workers

Damage 'already been done' for farmers, NFU-NB says

New Brunswick plans to end its ban on the entry of temporary foreign workers (TFWs) next week as the province moves to the “yellow” level in its COVID-19 pandemic recovery plan. The ban, announced April 28, will end effective May 29, Premier Blaine Higgs said Friday in an announcement some farmers say comes too late […] Read more

U.S. livestock: Live and feeder cattle futures slip

Thursday's cold storage data seen as disappointing

Chicago | Reuters — U.S. live and feeder cattle futures closed lower on Friday after disappointing cold storage data the previous day and ahead of the U.S. Department of Agriculture’s cattle on feed report in the afternoon. Lean hog futures also dropped, as backups continue at slaughter facilities, traders said. The nearby CME live cattle […] Read more

North American Grain/Oilseed Review: Canola continues lower

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 22 (MarketsFarm) – The ICE Futures canola market was weaker on Friday, seeing a continuation of Thursday’s declines as an early attempt at correcting higher proved short-lived. Losses in Chicago Board of Trade soyoil accounted for some of the spillover weakness in canola, with chart-based speculative long liquidation a […] Read more

ICE canola steady to lower at midday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 22 (MarketsFarm) – The ICE Futures canola market was posting small losses at midday Friday, although activity was thin and choppy as values stabilized after Thursday’s larger drop. Declines in Chicago Board of Trade soyoil futures put some pressure on values, although any spillover weakness from that was countered […] Read more

ICE Canada Morning Comment: Canola moves away from yesterday’s losses

Canadian dollar down a half cent

By Glen Hallick, MarketsFarm WINNIPEG, May 22 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were steady to higher on Friday morning after taking notable losses on Thursday due to spillover from the Chicago soy complex. The complex took collateral damage as tensions continued to mount between the United States and China, putting the Phase […] Read more

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, May 22 (MarketsFarm) – The Canadian dollar was lower on Friday morning, after making steady gains for most of the week.      At 8:30 CDT Friday morning the Canadian dollar was at US$0.7126 or C$1.4033, which compares with Thursday’s North American close of US$0.7176 or C$1.3935. According to a recent report from […] Read more