GFM Network News

Wittal: Thanks and good luck this year

Jan. 29 — Outside markets were neutral to down today on limited trading activity and the fact that the weekend is upon us. Most of the trade in grains was due to funds continuing to roll out of January contracts into March or May contracts. Other speculative traders were taking short positions in anticipation of […] Read more

Wittal: Lentils may have peaked

Jan. 28 — The U.S. dollar pushed a little higher again today, and outside markets were neutral to down slightly. Export sales and shipment numbers were above the weekly targets for all three grains, which helped to support grain futures today.  Short-covering was the main reason for the positive support in the grains, and it’s […] Read more

Wittal: Funds brace for possible trading restrictions

Jan. 27 –– The U.S. dollar pushed higher today and crude oil was lower, which in turn led to sharp losses in bean futures today. There’s some concern about U.S. President Barack Obama’s State of the Union address this evening, in which he may announce restrictions on how aggressively banks can trade in the markets, […] Read more

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: No news is bad news

Jan. 25 — The U.S. dollar was stable today, falling slightly, which helped markets to relax a little. It was a rather quiet day with little news to spark much trading activity. Corn ended with small gains, as steady buying helped push futures up. Beans ended lower on continued concerns of large production coming out […] Read more

Wittal: Nice weather pressures barley values

Jan. 22 — The U.S. dollar seems to have powered out as it closed out the day down slightly. The Canadian dollar also ended lower today, as did the Dow Jones and crude oil. Weekly export sales numbers were above expectations for all three grains, which helped to support grains today and slow down the […] Read more

Wittal: Canola market awaits S. American bean crop

Jan. 21 –– The U.S. dollar continued to climb another full cent today, which again had negative impact on gold, crude oil and financial markets. The Canadian dollar ended lower in response to the strong rise in the U.S. dollar, but it was only down a quarter of a cent.  Corn and beans were up […] 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: Canadian dollar slips, nudges canola upward

Jan. 19 — With U.S. markets back in business, things seemed to get off to a more positive start as gold, crude oil and financial indexes led the way and closed out the day with gains across the board. U.S. grains were lower, as the U.S. dollar index rose slightly. Also, inventories are not dropping […] Read more

Wittal: Grain’s not budging from local elevators

Jan. 18 — A very quiet market day, as the U.S. markets are closed for Martin Luther King Jr. Day. The Canadian dollar climbed 0.42 cents to close at US97.5 cents today.   Canola closed down $4-$5.20 per tonne today. Western barley closed down $2, at $150 per tonne. With no guidance from the U.S. […] Read more