GFM Network News

(Lisa Guenther photo)

CBOT weekly outlook: Corn, soy seen rising

CNS Canada — Corn and soybean futures at the Chicago Board of Trade are moving in turbulent trade with each U.S. weather forecast. “It’s all on raindrops right now,” said Scott Capinegro of Barrington Commodity Brokers. Recent forecasts for rain have pressured corn and soybean markets, though declining crop conditions could provide support moving forward.

(Dave Bedard photo)

ICE weekly outlook: Canola trades on weather

CNS Canada — It’s the time of year when canola prices closely follow the weather, and while recent rain has caused some losses, the market could hold onto its premium. “In some ways you could say it’s a classic weather market,” said Jon Driedger, senior market analyst at FarmLink Marketing. Prices had gained following dryness

Beneficial rains a boost for local cattle buyer optimism

Beneficial rains a boost for local cattle buyer optimism

Local markets overcome turbulence in cattle futures

Moving into the summer, Manitoba’s ranchers are watching cash markets and the weather, with both delivering good news. Cattle futures at the Chicago Mercantile Exchange (CME) saw some turbulence over the past week, though prices for cattle at auctions in Manitoba were able to resist that pressure. “The cash market didn’t seem to reflect it,”


Dairy protection sought ahead of NAFTA talks

CNS Canada — The head of Canada’s dairy industry group highlighted the role of Canadian dairy producers in the domestic market, as the potential for trade agreement renegotiations loom. U.S. President Donald Trump said earlier in the year he was considering pulling the U.S. from the North American Free Trade Agreement (NAFTA), but later shifted

Dry conditions on Prairies support ICE canola futures

Dry conditions on Prairies support ICE canola futures

USDA’s WASDE report painted a clearer supply picture

The canola market edged higher on the week as investors short-covered in the face of weather concerns in Western Canada. Positioning into a report from the U.S. Department of Agriculture was also a feature, though the data was less of a market mover than weather-based influences. Ahead of the weekend, traders were looking for rain,

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Workers fired following chicken abuse video

CNS Canada — A British Columbia company tied to nationally broadcast footage of livestock abuse has laid off five workers, according to a statement from the organization Tuesday. The animal rights and vegan advocacy group responsible for capturing the video says that’s not enough, and is pursuing legal action. Employees at a Vancouver-area chicken farm