GFM Network News

Grain growers are up against an added layer of uncertainty as they get ready for spring seeding and, in some cases, to complete last fall’s harvest.

Currency weakness supportive for Canadian-grown commodities

Wheat futures drew some strength from demand for shelf-stable goods

It’s a fluid situation’ was the phrase of the week as the COVID-19 coronavirus pandemic infected everything it touched. The grains and oilseeds were not immune to the large swings seen in the global financial markets, but did manage to hold up reasonably well, all things considered. Social isolation, quarantines, travel restrictions and general worldwide

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

Corn has recently been under pressure from big crop pegs out of South America and chart-based selling, as well as general uncertainty in the markets over the future of U.S.-China trade.

Comment: Long positions on corn liquidated

Funds sold their entire CBOT corn long position undetected during U.S. govt. shutdown

Within the span of six weeks, commodity funds dumped bullish bets in Chicago-traded corn futures and options without the market’s knowledge. Market participants were under the impression that speculators closed out January relatively optimistic toward the grains. However, data from the U.S. Commodity Futures Trading Commission (CFTC) confirmed otherwise on Feb. 19. Hedge funds and

Domestic canola crush levels are running at a steady pace, but exports are lagging due to tensions with China.

ICE canola finds support at low end of long-term range

World wheat carry-out is expected down from 2017-18 size

ICE canola futures fell to fresh contract lows during the week ended Feb. 22, but did manage to find some support to the downside as values eventually consolidated near the bottom edge of their long-term trading range. The focus in the futures has shifted from the March contract to the May, with intermonth spreading a

ICE Futures canola trended lower during the week ended Feb. 15.

Ungainly supplies, lack of demand dragging on canola

Assorted drama in the U.S. added a cautious tone to trade

ICE Futures canola contracts trended lower in the front months during the week ended Feb. 15, moving below chart support in the process as a number of factors conspired to weigh on values. The nearby March contract fell below the psychological $480-per-tonne level on Feb. 14, setting the stage for a test of the nearby

The Canadian dollar lost roughly a full cent relative to its U.S. counterpart over the course of the week.

A weaker Canadian dollar lifts ICE canola futures

Healthy crush margins should keep processors rolling steady

ICE Futures canola contracts held within a narrow range during the week ended Feb. 8, but trended higher overall, with a weaker tone in the Canadian dollar providing some support. The currency lost roughly a full cent relative to its U.S. counterpart over the course of the week, settling at 75.36 U.S. cents on Feb.

Manitoba cattle market better than rest of Prairies

Geography is working in favour of local producers, with more nearby market options

While cattle prices are starting to soften across most of Western Canada, Manitoba is finding itself as the exception. “In Manitoba things aren’t looking too bad. They’ve got some options there, their price has almost been a premium, or some of the strongest in Western Canada,” said Brian Perillat, manager and senior analyst at Canfax.

Canada Prairie Spring Red wheat bids fell anywhere from $8 to $10 per tonne on the week.

Prairie wheat bids down with U.S. futures

MGEX September wheat futures dropped by more than four per cent on the week

Wheat bids in Western Can­ada were down for another week, as trade tensions continued to weigh on U.S. futures markets. Depending on the location, average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $6 to $13 per tonne across the Prairie provinces, according to price quotes from a cross-section

Rain across Prairies, fund liquidation drag on canola

U.S. trade spats with other countries roil commodities

The ICE Futures Canada canola market continued to trend lower during the week ended June 8. The front-month July contract gave way to the November contract month as the dominant value, as traders roll into the new crop. November sunk below the $510-per-tonne mark and closed at $511.10, down $11.90 from June 1. Fund liquidation

Weaker loonie drives up Prairie wheat bids

MGEX, CBOT and K.C. July wheat contracts all rose in value on the week

A weaker Canadian dollar combined with rising U.S. futures drove wheat bids in Western Canada higher for the week ended May 18. Depending on the location, average Canada Western Red Spring (CWRS, 13.5 per cent) wheat prices were up by $10-$11 per tonne across the Prairie provinces, according to price quotes from a cross-section of