GFM Network News



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


Coronavirus stalls talks with China on canola ban

Officials 'not in position to pursue technical discussions,' Bibeau says

Ottawa | Reuters — The coronavirus outbreak has stalled talks between Canada and China about Beijing’s decision to block Canadian canola seed shipments, Agriculture Minister Marie-Claude Bibeau said Friday. China, angry at Canada’s detention of a top Huawei Technologies executive in December 2018, blocked all imports of canola seed last March on the grounds they


Vice-Premier Liu He and U.S. President Donald Trump shake hands after signing Phase 1 of the U.S.-China trade agreement during a ceremony in the East Room of the White House in Washington, January 15, 2020.

What does China do next?

No one knows if the promise of the Phase 1 deal will become reality

There are hopes in the markets that China will soon begin its US$40 billion in purchases of United States agricultural products, as outlined in the Phase 1 trade agreement. The positive feelings have been on the rise because Feb. 15 marks the day that Phase 1 officially comes into effect. However, there have been indications


Consumers stock up at a Singapore supermarket on Feb. 7, 2020 after the state raised its coronavirus outbreak alert to orange.

Risk-off trade sentiment outweighing market fundamentals

Crops still out on the fields cast clouds over StatsCan’s latest data

The novel coronavirus epidemic accounted for many of the headlines moving the grain and oilseed markets during the first week of February, with traders uncertain over what the outbreak will do to the global economy and demand for food. China is a major driver of international markets, and an economic slowdown there will cause ripple effects elsewhere. Equity,


Bunge profit tops estimates on South American results

Chicago | Reuters — Agricultural commodities trader Bunge reported a stronger-than-expected quarterly profit on Wednesday as rising crop prices boosted farmer sales in South America and swelled margins in its large agribusiness segment, sending shares up more than three per cent in pre-market trading. But uncertainty about global trade and demand for Bunge’s food and


North American hog markets wracked by coronavirus

MarketsFarm — Besides shutting down entire cities and killing more than 1,000 people, China’s novel coronavirus outbreak has wreaked havoc on North America’s hog futures. “It’s a dubious relationship, but it is impacting markets,” said Tyler Fulton, risk management director for Hams Marketing Services in Winnipeg. Lean hog futures moved “in concert with drops in

Coronavirus disrupts China meat imports, food supplies

Swine fever has created pork shortage

Chicago | Reuters — Coronavirus is disrupting meat shipments to China as the country faces a shortage due to an outbreak of a fatal pig disease, Tyson Foods Inc and U.S. agricultural groups said on Thursday. An outbreak of African swine fever, which infects only pigs, has decimated China’s herd, pushing Chinese pork prices to