GFM Network News

U.S. grains: Wheat futures top two-month high on global harvest worries

Corn, soybeans firm as U.S. weather looks hotter, drier

Chicago | Reuters — Chicago Board of Trade wheat futures on Thursday leapt to their highest prices in more than two months as the latest crop estimates in major exporting countries like Argentina, France and Russia raised questions about global supply. Corn and soybean futures also strengthened, as weather forecasts predicted more heat and dryness

ICE canola up with soybeans at midday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 9 (MarketsFarm) – The ICE Futures canola market was stronger at midday Thursday, retesting chart resistance as uncertain North American weather forecasts provided support. “Traders are cautious because the weather maps are shifting every time a new map is released,” said a trader, noting that the latest calls for

New Canadian and U.S. estimates of canola and soybean acres were generally supportive for canola futures.

With seeding intentions clear, traders now watching the skies

Strength in the Chicago soy complex also helped lift canola values

Acreage data from government agencies supported canola values during the week ended July 2. On June 29, Statistics Canada estimated canola acreage across the country at 20.778 million acres, which was at the higher end of trade estimates, though slightly lower than the 20.956 million acres seeded the previous year. Canola prices were supported by

Global Markets: Seoul mayor missing

By MarketsFarm WINNIPEG, July 9 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – The mayor of Seoul, South Korea, Park Won-soon, has gone missing and a massive search is underway. Park left his daughter a ‘will-like’ message before disappearing, according to police. Prior to becoming mayor

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, July 9 (MarketsFarm) – The Canadian dollar was higher on Thursday, along with a stronger tone for global stock indices.      At 8:45 CDT Thursday morning the Canadian dollar was at US$0.7404 or US$1=C$1.3506, which compares with Wednesday’s North American close of US$0.7387 or US$1=C$1.3538. Stocks were mostly higher on Thursday morning