GFM Network News

North American Grain/Oilseed Review: Canola ends higher after choppy day

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 4 (MarketsFarm) – The ICE Futures canola market was stronger on Wednesday, after trading within a wide range in choppy activity. Ongoing concerns over hot and dry Prairie weather cutting into the size of the Canadian crop remained supportive, as industry participants lower their yield expectations. The nearby forecasts […] Read more

A recent online survey found that price was the most important factor for beef consumers in Canada.

Canada Beef Market Intelligence Update: Global survey pinpoints beef consumer priorities

An online survey commissioned by Canada Beef revealed beef consumers share common priorities across nearly all borders when buying fresh beef or selecting a beef brand.  Consumers in the nine countries surveyed most commonly cited product freshness, quality certification or grade, price and product origin as top considerations when purchasing fresh beef. While selecting a […] Read more


ICE canola firm at midday, but off earlier highs

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 4 (MarketsFarm) – The ICE Futures canola market was holding onto small gains at midday Wednesday, retreating from earlier highs as a downturn in the Chicago soy complex weighed on values. The most-active November contract had rallied by nearly C$30 per tonne in early activity, but ran into resistance […] Read more

Weather worries boost canola futures early Wednesday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 4 (MarketsFarm) – The ICE Futures canola market was stronger Wednesday morning, seeing some follow-through buying interest after Tuesday’s late move higher. Tuesday’s recovery was constructive from a chart standpoint, signaling that a nearby low may be in for the time being. Ongoing concerns over hot and dry Prairie […] Read more





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U.S. livestock: CME lean hogs firm as market-ready supplies remain soft

Chicago | Reuters – Chicago Mercantile Exchange lean hog futures gained for a second day on Tuesday, supported by lower supplies of market ready hogs as the August futures contract nears expiration. “Until we start seeing better numbers coming forward on packer runs, I think that’s going to elevate things a little bit,” said Matthew […] Read more

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U.S. grains: Soybeans fall on improved crop outlook, forecast

Chicago | Reuters – Chicago soybean futures sank on Tuesday after the previous day’s better-than-expected crop conditions report coupled with forecasts for rain across the U.S. Midwest as the oilseed begins to set seed pods. Corn and wheat also fell but found support from earlier hot, dry weather that will likely cut yields. The most-active […] Read more


Canadian Financial Close: C$ weakens

By MarketsFarm WINNIPEG, Aug. 3 (MarketsFarm) – The Canadian dollar was weaker on Tuesday, as losses in crude oil and general uncertainty in world financial markets amid rising cases of the COVID-19 Delta variant weighed on the currency. The Canadian dollar closed at US$0.7971 or US$1=C$1.2545 on Tuesday, which compares with Friday’s North American close […] Read more

North American Grain/Oilseed Review: Canola corrects higher late Tuesday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 3 (MarketsFarm) – The ICE Futures canola market was mostly higher at Tuesday’s close, recovering from earlier losses amid ongoing concerns over drought conditions across Western Canada. Declines in the Chicago Board of Trade soy complex put some early pressure on the Canadian oilseed, with speculators taking profits on […] Read more