GFM Network News


A view of BHP’s potash mine project north of Jansen, Sask. (BHP.com)

BHP delaying decision on Saskatchewan potash project

Jansen mine decision to be delayed by a few months

Melbourne | Reuters — BHP Group expects to present its board with a decision on whether to proceed with its Jansen potash project in Saskatchewan in a few months’ time — rather than mid-year — after choosing between two port options, an executive said on Thursday. The world’s biggest miner has estimated the project at



CME August 2021 lean hogs (candlesticks) with 20- and 100-day moving averages (pink and black lines) and August 2021 live cattle (dark red line). (Barchart)

U.S. livestock: Hogs limit down on new China stats

Live cattle futures up with cash values

Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures fell their daily three-U.S.-cent limit on Wednesday, pressured by falling U.S. wholesale prices for pork products and news of increasing hog numbers in China, traders said. China’s pig herd rose 23.5 per cent in May from a year earlier, state media said on Wednesday,


CBOT July 2021 soybeans (candlesticks) with CME July 2021 crude palm oil and ICE July 2021 canola (green and yellow lines, left column). (Barchart)

U.S. grains: Soybeans down with vegetable oil prices

Chicago July corn, wheat up

Chicago | Reuters — U.S. soybean futures fell on Wednesday to their lowest level in nearly two months, pressured by a retreat in global vegetable oil prices from multi-year highs, analysts said. Corn and wheat futures ended mixed, with the nearby July corn and wheat contracts closing higher, while back months declined. Chicago Board of

Canadian Financial Close: Loonie steady, inflation up

WINNIPEG – The Canadian dollar held steady on Wednesday amid economic news on both sides of the Canada/United States border. The loonie was at US$0.8203 or US$1=C$1.2191 on Wednesday, slightly lower from Tuesday’s close at US$0.8205 or US$1=C$1.2188. Meanwhile, the U.S. Dollar Index jumped 0.78 points at 91.31. Statistics Canada reported today that inflation increased

ICE Midday: Canola prices continue to plunge

WINNIPEG – The ICE Futures canola market was sharply weaker at midday Wednesday in sympathy with the Chicago soy complex. Canola futures have lost more than C$18 per tonne, with the most active November contract threatening to drop below the C$700/tonne mark. A Winnipeg-based trader attributed the fall to recent rains in the Prairies, the


Canadian dollar and business outlook

By MarketsFarm WINNIPEG, June 16 (MarketsFarm) – The Canadian dollar was holding steady Wednesday morning, as currency traders await the latest policy announcement from the United States Federal Reserve due out later in the day. At 8:40 a.m. CDT Wednesday morning, the Canadian dollar was at US$0.8206 or US$1=C$1.2186 which compares with Tuesday’s North American