GFM Network News





CBOT weekly outlook: Chinese demand leading factor in bullish soy market

MarketsFarm — China’s demand for U.S. soybeans has been the major factor behind the bullish soy complex at the Chicago Board of Trade (CBOT), according to Terry Reilly of Futures International in Chicago. China has been on something of a buying tear, with sales being announced by the U.S. Department of Agriculture (USDA) on a […] Read more



ICE weekly outlook: Canola shows volatility after long weekend

MarketsFarm — Although there remains a lot of canola to be combined, one trader believes most harvest pressure on the market has already passed. “The farmers who wanted to sell off of the combine or shortly after, probably have done so already,” said Jerry Klassen, an independent Winnipeg commodities trader. There will still be some […] Read more

Prairie cash wheat: Gains for CWRS, CPSR as durum drops

MarketsFarm — Wheat bids in Western Canada were higher for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats the week ended Thursday. However, prices for Canada Western Amber Durum (CWAD) dropped. Support came from significant increases in Chicago, Minneapolis and Kansas City wheat futures, but a stronger Canadian dollar held back […] Read more



Prairie cash wheat: Increases for CWRS and CPSR, durum steady

MarketsFarm — Cash wheat bids in Western Canada continued to build this week, on momentum from the previous week. Canada Western Red Spring (CWRS) and Canada Prairie Red Spring (CPRS) wheats saw price increases for the week ended Thursday. Meanwhile, prices for Canada Western Amber Durum (CWAD) held steady. Support came from increases in Chicago, […] Read more



CBOT weekly outlook: Rain needed across U.S. Midwest

MarketsFarm — Dry conditions across the U.S. Midwest were among the factors that could affect commodity prices on the Chicago Board of Trade (CBOT) if rain doesn’t come soon, according to Scott Capinegro of Barrington Commodities at Barrington, Ill. Dry conditions in the region could lead to price increases for corn and soybeans. “Across northern […] Read more