GFM Network News

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Feb. 25 (MarketsFarm) The Canadian dollar was holding steady Tuesday morning, as global equity markets stabilized after Monday’s selloff. At 9:02 CST Monday morning the Canadian dollar was at US$0.7529 or C$1.3282 which compares with Monday’s North American close of US$0.7531 or C$1.3279. Mounting concerns over the COVID-19 coronavirus remained a feature […] Read more

ICE canola futures: Losses ease after Monday’s big drop

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 25 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were mostly steady to lower Tuesday morning, after yesterday’s sharp losses across the futures markets. Fears of the COVID-19 coronavirus becoming a world-wide pandemic spurred yesterday’s huge sell-off. In other vegetable oils, European rapeseed was steady this morning, but Chicago […] Read more


Global Markets: Alberta court rules against carbon tax

By MarketsFarm WINNIPEG, Feb. 25 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – New cases of the COVID-19 coronavirus were reported in Croatia and Austria, with worldwide infections nearing 80,000, according to reports. The World Health Organization has not yet declared the outbreak a pandemic, but […] Read more




U.S. livestock: Cattle, hogs dive as coronavirus rattles markets

April live cattle, most feeder contracts close limit-down

Chicago | Reuters — Chicago Mercantile Exchange cattle and hog futures plunged on Monday as a surge of coronavirus cases beyond China stoked fears of U.S. meat export delays and slower global economic growth. The actively-traded April live cattle contract and nearly all feeder cattle contracts closed down by their daily trading limits, triggering expanded […] Read more



North American Grain/Oilseed Review: Virus fears weigh

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 24 (MarketsFarm) – The ICE Futures canola market was down sharply on Monday, settling just above contract lows as concerns over the COVID-19 coronavirus led to widespread selling in the global equity and commodity markets. There are now nearly 80,000 confirmed cases of the coronavirus worldwide, with about 2,600 […] Read more


ICE canola down sharply at midday with global virus fears

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 24 (MarketsFarm) – ICE Futures canola contracts were down sharply at midday Monday, as concerns over the COVID-19 coronavirus led to widespread selling in the global equity and commodity markets. Speculators were already holding large net short positions in canola, with the underlying bearish sentiment keeping them on the […] Read more

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Feb. 24 (MarketsFarm) The Canadian dollar was weaker Monday morning, as increased fears over the COVID-19 coronavirus outbreak weighed on financial markets. At 9:06 CST Monday morning the Canadian dollar was at US$0.7535 or C$1.3271 which compares with Friday’s North American close of US$0.7562 or C$1.3224. New cases of the COVID-19 virus […] Read more