GFM Network News

Stock market losses hurting cattle prices

Stock market losses hurting cattle prices

Numbers of cattle at auctions were down from the previous week

To Robin Hill, the manager of Heartland Livestock Services’ Virden auction facility, this is far from a good time for Manitoba cattle auctions. That’s due to massive losses in stock markets, stemming from fears over effects the COVID-19 coronavirus could have on the global economy. The stock markets began to tumble as COVID-19 spread across

A trader works on the floor of the New York Stock Exchange (NYSE) shortly after the opening of trading in New York on March 13.

Crude oil war, COVID-19 fears drag commodity markets lower

Uncertainty has sidelined many participants in the canola market

Canada’s grain markets haven’t been immune to the growing panic surrounding the COVID-19 coronavirus and its impact on global economies. At the start of Monday’s trade, crude oil futures plummeted by over 30 per cent following a dissolved agreement between Russia and Saudi Arabia, the de facto leader of the Organization of Petroleum Exporting Countries

From oil price wars to the COVID-19 pandemic, the global economy is being hammered.

Comment: Pandemic + oil price war = uncertainty

So far agriculture commodity markets have avoided the worst of the sell-off

Most analysts agree that the oil price war is only beginning. With cheap oil abound, this will impact the entire agri-food market, from farm gate to plate. The novel coronavirus pandemic is also compounding what is already a fragile global economy. The current novel coronavirus pandemic and the oil price war is causing a massive


DowDuPont tops profit estimates as chemicals demand provides boost

Reuters – DowDuPont Inc topped Wall Street estimates for third-quarter profit on Thursday, as stronger demand for chemicals used in cosmetics, paints and packaging gear helped offset slowing growth at its agriculture business. The world’s largest chemicals producer, formed last year through the $130 billion merger of Dow Chemical and DuPont, also said it would

Elanco CEO Jeff Simmons rings the ceremonial bell as the company’s stock begins trading on Sept. 20, 2018 at the NYSE. (Photo: Reuters/Brendan McDermid)

Animal health firm Elanco surges on trading debut

Reuters — Eli Lilly unit Elanco Animal Health’s shares jumped as much as 41 per cent on their stock market debut on Thursday, adding to investor enthusiasm for the fast-growing animal healthcare market. Elanco’s shares opened at $32.25 on the New York Stock Exchange, higher than their IPO price of $24 per share, giving the

Editorial: Ultimate inside information

One day in my previous life as director of information for the Canadian Wheat Board, a Chinese delegation was in Winnipeg to negotiate a wheat purchase. By that time, Chinese negotiations were down to a few days rather than the few weeks they had taken in the 1960s and 1970s, but there was still a

Big data and agriculture markets: Part 2

Trend-watching can tell us a lot about markets, but won’t necessarily mean better results

The first of this three-part series looked at the current state of farm revenue and risk management and how big data analysis can play a greater role. This time I’d like to explore some of the myths and misperceptions of agriculture hedging. To understand this topic we have to ask ourselves, for farm marketing and

Tall stacks of garlic at a market in Jinxiang county of eastern Shangdong.  

Red-hot garlic market lures Chinese investors

A handful of wealthy business people are driving a runaway market in this savoury delicacy

Yang Fei doubled his money last year buying and selling in the unofficial garlic capital of the world. He did pretty well the year before, too, and the year before that. One of a few dozen garlic agents in Jinxiang, in China’s eastern Shandong province, 34-year-old Yang is at the centre of a trade that

Soybean meal monthly nearby. (chart as of May 25, 2016)

Drozd: Two-month reversal forewarns livestock producers to higher meal prices

The meal market was technically oversold which created the opportunity for a short covering rally

Sometimes it just does not pay to ignore what the charts are telling you. Case in point, soybean meal futures exploded higher after a two-month reversal materialized on the monthly nearby futures chart. This reversal pattern indicated a change in trend and is illustrated in the accompanying chart. Since its development on March 31, the