GFM Network News

Must Reads


Stories from our other publications

File photo of a container vessel being unloaded at a U.K. port. (Sterling750/iStock/Getty Images)

Britain, New Zealand strike free trade deal

London/Wellington | Reuters — Britain and New Zealand have reached agreement in principle on a free trade deal designed to reduce tariffs, improve services trade, and take London one step closer to membership in a broader trans-Pacific trade agreement. Prime ministers Boris Johnson and Jacinda Ardern sealed the deal in a Zoom call on Wednesday

File photo of wheat being loaded onto a bulk vessel at port in Russia. (YGrek/iStock/Getty Images)

‘Containergeddon’ drives sugar, rice shippers back to bulk vessels

New York | Reuters — Food traders are switching from containers back to dry bulk vessels to transport refined sugar and rice, hoping to avoid shipping delays caused by container shortages and port congestion the industry is calling “containergeddon,” according to traders. Container-based transportation has been hit by sky-high costs and delays amid booming shipping

CBOT December 2021 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, brown and dark green lines). (Barchart)

U.S. grains: Wheat firms on global supply concerns

Fertilizer risks underpin corn; soybeans weighed by harvest, firmer crush lends support

Chicago | Reuters — Chicago wheat rose on Friday, supported by global supply concerns and an easing dollar. Corn followed wheat higher, but gains were dragged down by pressure from a lower soybean market as U.S. farmers reap better-than-expected harvests of the oilseed. The most-active wheat contract on the Chicago Board of Trade (CBOT) ended

CME December 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)

U.S. livestock: CME live cattle falls as cash market idles

Lower cash, pork prices drag on lean hogs

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell, pressured by a stagnant cash market and processing backups, traders said. CME December live cattle futures settled down 1.225 cents at 128.325 cents/lb. January feeder cattle futures eased 2.675 cents to end at 157.325 cents/lb. For the week, live cattle futures lost 2.35 cents,

Normal fall run traffic seen despite early cattle sales

Normal fall run traffic seen despite early cattle sales

Feedlots Down East have dialed up demand compared to last year

The Thanksgiving long weekend did little to slow activity at Manitoba’s cattle auction yards, with larger volumes and relatively solid prices reported across the province as the cattle market works through the annual fall run. “It’s October, it’s fall run time, there’s no way we can take a week off,” said Allan Munroe of Killarney

Canadian Financial Close: C$ steadies ahead of weekend

By MarketsFarm WINNIPEG, Oct. 22 (MarketsFarm) – The Canadian dollar held relatively steady on Friday, posting only small losses as the currency traded near its highest levels in four months. The Canadian dollar closed at US$0.8093 or US$1=C$1.2357 on Friday, which compares with Thursday’s North American close of US$0.8097 or US$1=C$1.2351. Positioning ahead of the

ICE Canola Midday: November’s expiry pushing down prices

Liquidation to accelerate next week

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 22 (MarketsFarm) – Intercontinental Exchange (ICE) canola prices remained lower at midday Friday following yesterday’s losses as the expiry of the November options draw closer. “The liquidation in the November continues to accelerate,” said a trader, noting that its open interest is rapidly declining. He added there has been

Global Markets: Turmoil at Rogers Communications

Edward Rogers attempting to oust president & CEO

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Oct. 22 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – In behind the scenes machinations, Edward Rogers has been removed as the chair of the board of Rogers Communications following his attempt to oust company president and CEO Joe Natale.