GFM Network News

Canola holds steady as seeding gets underway

Crude oil pressures and potential for major soy exports weigh in on trading

Canola prices held steady during the week ended May 15, despite turbulence from outside markets. Nearby canola contracts started the week at $471.30 per tonne and traded on either side of unchanged for consecutive trading sessions during the week. On May 14, the July contract closed at $470.70 per tonne. July soyoil dropped by about

With farmers in the fields worldwide, many are facing sticker shock over high fuel costs.

Farmers worldwide struggle with rising fuel costs

It’s leading some farmers to change their management practices or lock in prices months in advance

Farmers worldwide are feeling the pinch as fuel costs rise to near four-year highs just as they plant and harvest their fields, eroding agricultural income already hamstrung by depressed crop prices. The agricultural sector from the United States to Russia, and Brazil to Europe, is seeing profits harmed by the rise in diesel prices. The

Crude oil monthly nearby (chart as of January 22, 2016).

Drozd: When crude oil slipped below $27 per barrel

Producers who 18 months ago recognized the impending downturn in the crude oil market, were able to position themselves

The price of crude oil has dropped $80 per barrel in the past 18 months. In July 2014, a two-month reversal materialized in the accompanying long-term chart indicating the crude oil market was about to turn down from $106 per barrel. Once prices fell below an important line of support in the $96-per-barrel area (shown

Steady-as-she-goes forecast for loonie

Don’t expect big changes in the value of the Canadian dollar over the next month, says Shaun Osborne, a currency expert with TD Securities in Toronto. The loonie should stick in the 96- to 99-cent range (US) over the next two to four weeks, said Osborne. Europe and its ongoing debt concerns will continue to

Conference Board Of Canada Says Ethanol Doesn’t Deserve Its Bad Reputation

co-operator contributor / ottawa Using crops to produce ethanol hasn t raised food prices and it positions Canada for a strong bioeconomy, according to a new report from the Conference Board of Canada. What s more, next-generation technologies, flex-fuel vehicles, and supporting policies could extend the role ethanol plays in Canadian transportation and manufacturing, adds

Main Trend In Crude Oil Still Up, Despite Recent Downturn

Crude oil prices have been under pressure since a two-week reversal developed two weeks ago. This reversal pattern materialized after crude oil prices failed to exceed the upper boundary of the uptrending channel. A two-week reversal indicates a change in direction and can occur at the top or bottom of a market. This two-week reversal

FAO Warns On Oil As World Food Prices Hit Record

Global food prices hit a record high in February, the United Nations said March 3, warning that fresh oil price spikes and stockpiling by importers keen to head off popular unrest would hit already volatile cereal markets. Rising food prices are a growing global concern, partly fuelling the protests which toppled the rulers of Tunisia

U.S. Ethanol Sector Contemplates Subsidy Cuts

Mark Marquis had planned to double the size of his Illinois ethanol plant in 2011, and was considering expanding a Wisconsin facility his family-run firm bought into last July. But those plans are now on hold, as Marquis and other ethanol producers brace for the possible end of $6 billion a year in U.S. subsidies

U. S. Ethanol Fortunes In Limbo As E15 Ruling Looms

The U. S. ethanol sector has been on the road to recovery since a calamitous 2008, but the once-soaring industry appears to have hit a plateau amid a glut of supply and a murky demand picture, analysts said at the Reuters Food and Agriculture Summit in Chicago. Producers are hoping that a government ruling expected

Grain Prices Going Sideways

Grain prices have slumped since January and will continue to trade sideways. But spring rallies could provide profitable selling opportunities, says Mike Jubinville, president of ProFarmer Canada. Although the immediate outlook is discouraging for farmers, longer term Jubinville expects commodity prices, including grain, to rise due to inflation. “(T)his is not going to be a