GFM Network News


Wittal: Fundamentals pressure grain futures

Jan. 26 — Overall markets were rather quiet again today, which resulted in small losses across the board. The U.S. dollar ended slightly higher on the day, while crude oil and financial indicators were down slightly. Grains were all lower on the day as technical selling became the focus. Fundamental pressures (world inventories) continued to […] Read more

Wittal: U.S. greenback jumps, U.S. grains drop

Jan. 20 — The big surprise today was the unexpected, aggressive move by the U.S. dollar to jump more than a full cent in trading today, which shocked markets and took a bit of a toll across all markets. This in turn sent the Canadian dollar lower by 1.5 cents today. Gold, crude oil and […] Read more


Wittal: No news is bad news in grains

Jan. 15 –– Outside markets were all lower today with gold, crude oil and financial indicators all taking some rather hard hits to finish off the week. This, along with continued speculative selling pressure, pushed grains lower on the day and the week The U.S. dollar index climbed 44-100ths of a cent today. Gold closed […] Read more

Wittal: USDA reports bulldoze markets

Jan. 12 –– All outside markets are down today, most likely in response to the U.S. Department of Agriculture’s reports and the hard sell-off in U.S. grain futures.  The U.S. dollar index fell nine-100ths of a cent today, while gold closed down $21.80 at $1,128.90. The Canadian dollar dropped 0.44 cents to close at US96.36 […] Read more


Wittal: Traders get in position ahead of USDA report

Jan. 11 –– Outside markets were active today, with gold and financial indicators up while the U.S. dollar and crude oil were down on the day. Grains were active in advance of the U.S. Department of Agriculture’s report coming out tomorrow. The USDA report will include the annual crop production report, supply and demand reports […] Read more

Wittal: Expect canola pressure from U.S. meal dispute

Jan. 6 — Outside markets were stronger today, with gold showing double-digit gains and crude oil closing above resent resistance levels, which encouraged speculative finds to continue buying and pushing values higher. A lower U.S. dollar helped support wheat and corn markets, while beans continue to come under pressure from continued reports of better-than-expected crop […] Read more


Wittal: Consider moving unpriced canola soon

Jan. 5 — Outside markets were a little more subdued today on the heels of an impressive Monday rally. Gold is showing little to no change and crude oil is up, but other than that, markets are mixed today as it seems the trade is rather quiet with little follow-through on yesterday’s rally. The U.S. […] Read more

Wittal: Favourable crop conditions may hit markets

Jan. 4 — Welcome to the New Year, and a positive start at that! Outside markets were up solidly, as gold achieved double-digit gains and the Dow Jones showed triple-digit gains today. The energy sector also finished with solid gains. All of this and a dropping U.S. dollar helped to push U.S. grains higher on […] Read more


Wittal: Wheat markets lose momentum

Dec. 29 –– All markets were open today, but trading activity was rather thin again as this will be a short trading week with markets closing early Thursday and on Friday for New Year’s Day. Gold closed down $10.20 at $1,197 today. The U.S. dollar index closed up a quarter of a cent today; the […] Read more

Wittal: Slow day, rising loonie pressure canola

Dec. 22 — Outside markets were a little more positive today, but with limited trading activity it’s hard to get a clear picture of what’s really happening. Gold was lower while energies and financial indicators were up slightly, and grains were mixed. Gold closed down $9.40 at $1,086 today. The U.S. dollar index ended up […] Read more