GFM Network News


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

CBOT weekly outlook: Export demand underpins commodities

MarketsFarm — Commodity prices on the Chicago Board of Trade (CBOT) have found support from recent increases in global export demand. China has purchased nearly 900,000 tonnes of soybeans for delivery during the current marketing year, which began on Sept. 1. “It’s all about Chinese demand,” said Terry Reilly of Futures International in Chicago. “They […] Read more


U.S. grains: Chinese buying, crop doubts push soy to two-year high

CBOT corn recoups some losses from previous day

Chicago | Reuters — Increasing Chinese demand lifted U.S. soybean futures to their highest prices in more than two years on Friday, while corn futures rose on concerns about U.S. crop damage from adverse weather. The U.S. Department of Agriculture said private exporters sold 318,000 tonnes of U.S. soybeans to China and 175,000 tonnes of […] Read more

China ban turns Australian barley growers toward domestic market

Growers may shift to alternative crops next season

Sydney | Reuters — Australian farmers will be forced to sell their barley supplies to the domestic livestock industry or cheaper international markets after China effectively banned imports from Australia, farmers said on Wednesday. China late on Tuesday said it would ban barley imports from Australia’s largest grain exporter, just weeks after it slapped a […] Read more



Olymel’s Red Deer plant holds at one COVID case

Pork plant employee's contacts returning to work

A production line employee at Olymel’s hog slaughter plant at Red Deer, Alta. remains the facility’s lone COVID-19 case after her contacts at the plant tested negative for the virus, the company says. Olymel, the meat packing arm of Quebec ag co-operative Sollio, confirmed the lone COVID-19 case at its Red Deer site on Aug. […] Read more


U.S. grains: Corn, soy ease as harvest, export prospects weighed

Wheat ends higher after mixed trade

Chicago | Reuters — Chicago soybeans slipped on Thursday after a seven-month peak a day earlier, while corn eased as traders set recent storm damage against generally strong prospects for harvest yields. Wheat ended higher as traders digested competing signals for global supply. The most-active soybean contract on the Chicago Board Of Trade closed down […] Read more



U.S. grains: Soybeans touch seven-month high on export optimism

Wheat stays firm on demand

Chicago | Reuters — Chicago soybean futures climbed to a seven-month high on Wednesday on U.S. export optimism and concerns over continued dryness across parts of the U.S. Midwest, traders said. Chicago corn edged lower, as a Midwest crop tour estimated higher yields, offsetting storm damage concerns in Iowa. The most active soybean contract on […] Read more

Brandon pork plant’s exports to China suspended

Chinese protocols call for temporary pause, Maple Leaf says

New Chinese rules for exporters and a number of COVID-19 cases among its workers have led Maple Leaf Foods to temporarily halt pork traffic to China from its biggest hog plant. The company said Tuesday it has “temporarily suspended pork exports to China on a voluntary basis due to recent protocols adopted by the Chinese […] Read more