GFM Network News


Derwin: Dollar direction signals hard to decipher

Derwin: Dollar direction signals hard to decipher

Every week the Commodity Futures Trading Commission (CFTC) releases its Commitments of Traders (COT) report. But just how committed are the traders shown in those trading activity reports? When you look at what traders can also do in the cash, over-the-counter and physical markets associated with those futures contracts, it’s difficult to say for sure. This

Dropping U.S. futures drag Prairie wheat bids lower

Dropping U.S. futures drag Prairie wheat bids lower

Minneapolis, Chicago and Kansas City December wheat all dropped significantly on the week

Wheat bids in Western Canada were down again for the week ended Sept. 7, following the lead of U.S. futures markets. While U.S. futures dropped significantly, a weaker Canadian dollar held back losses for Prairie wheat bids. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down $1-$2 per tonne, according


U.S. futures fall, dragging on Prairie wheat bids

U.S. futures fall, dragging on Prairie wheat bids

MGEX, CBOT and K.C. wheat slip by two to three per cent on the week

Wheat bids in Western Canada declined for the week ended April 20, following the lead of U.S. futures markets. Average Canada Western Red Spring (CWRS, 13.5 per cent) wheat prices fell by $7-$11 per tonne across most of the Prairie provinces, according to price quotes from a cross-section of delivery points compiled by PDQ (Price

Wheat bids follow lead of U.S. futures

Wheat bids follow lead of U.S. futures

Kansas City March HRW wheat rose 20.25 U.S. cents per bushel on the week

Wheat bids in Western Canada followed the lead of U.S. futures markets for the week ended Feb. 2, with some dropping while others increased. Depending on the location, average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices in Western Canada fell $4-$7, according to price quotes from a cross-section of delivery points

Cows herded in to holding pen

Rising Chicago futures support Manitoba values

Availability of trucks may soon become a market issue

Cattle prices rose at Manitoba auction marts during the week ended Oct. 27, as futures prices on the Chicago Mercantile Exchange helped push up sales. “Just about every day it’s been positive (on the Chicago Mercantile Exchange) and that’s what is holding the market probably together on the feeder cattle,” said Robin Hill with Heartland


Corn sizzles, then fizzles

Corn sizzles, then fizzles

A major buyback by speculative funds drove the recent market action

Speculators axed a massive short position in the corn market within 11 days earlier this month. And what do they have now to show for it? Lower prices. Specs, usually hesitant to become buyers in such an oversupplied market, bought nearly one billion bushels of corn in the form of CBOT futures and options –

Canadian dollar monthly nearby. (chart as of Dec. 28, 2015)

Drozd: Canadian dollar falls to an 11-year low

There are advantages and disadvantages for agriculture

The Canadian dollar continues to erode on the heels of falling commodity prices. A year ago, the Canadian dollar was 86 cents against the American dollar. Today it is closer to 72 cents U.S. The weakness in crude oil and gold have contributed to the collapse of the loonie. Canada is a country rich in

Canola, November 2015.

Drozd: Double top signals an end to the weather market rally in canola

Weather market rallies seldom last for long. Emotions run high, causing the rally to end just as suddenly as it began

Chart analysts keen on the lookout for telltale signs of a market top in canola were rewarded when a reversal pattern called a double top appeared at the height of the rally in July 2015. Double tops and bottoms are chart formations which appear in the futures markets. Once completed, they are a reliable indicator


Shoe on the other foot? Look for improved grain basis at the elevator this year

Shoe on the other foot? Look for improved grain basis at the elevator this year

It’s a very different situation from two years ago — now grain companies are keen to ‘keep their pipelines moving’

A bad-news year for crop production is a good year when it comes to basis — and so farmers should be shopping around this harvest, say market analysts. “In general in years when supplies are tight locally or in a region, you would normally expect to see basis levels that are stronger than what you

grain bins

Editorial: Captive grain, and captive farmers?

COFCO likley to create waves for the future of grain pricing

Those who follow livestock markets will know the term “captive cattle” — feedlot cattle owned by the large packers, and which they can use to maintain supply and/or take the pressure off rising open-market prices. In the past that’s led to some U.S. government intervention, such as mandatory reporting of purchases and prices. Recent developments