GFM Network News


Drozd: Corn prices continue to trend lower

Drozd: Corn prices continue to trend lower

Corn on the nearby weekly futures contract has lost 50 per cent of its value since rallying to a record high of $8.43 3/4 in August 2012. Cash prices are closer to $3.50 per bushel — a price not seen since July 2010. Pressuring the market is the U.S. Department of Agriculture’s estimate of a […] Read more

Charts gave early indications of a downturn in the canola market

market outlook It is important to note that despite a market’s fluctuations, prices are often contained between areas of resistance and support

Reading Time: 3 minutes The price of canola on the nearby weekly futures contract has declined $178 per tonne or the equivalent of $4 per bushel since May 2013. With basis levels deteriorating, cash prices have fallen further – as much as $5 per bushel. Tight ending stocks at the end of the 2012-13 crop year and reduced acreage […] Read more



Drozd: Lean hog market succumbs to seasonal downturn

Reading Time: 2 minutes The Labour Day weekend marks the end of the summer BBQ season, with the resulting reduction in demand partially responsible for the seasonal downturn in prices. Also weighing on the market is that producers are increasing their deliveries of market-ready hogs, and these slaughter animals are coming in heavier than normal. The lean hog futures […] Read more


Drozd: Lean hog market succumbs to seasonal downturn

Nearby lean hog futures prices have declined 18 per cent since mid-August. The Labour Day weekend traditionally signifies an end to the summer barbecue season, and with packers having satisfied their short-term needs, the resulting reduction in demand is partially responsible for the seasonal downturn in prices. Also weighing on the market is not only […] Read more




Bear trap catches the shorts in soybeans looking the wrong way

Without news to explain the sudden turn, shorts may 
at first misjudge the turn as being merely a rally

Reading Time: 3 minutes Soybean prices have continued to trade in a sideways to slightly higher trading range since November 2012. Support is down at $14 and resistance up at $15.30. This $1.30 trading range is indicative of a market in equilibrium for the past seven months, with few buyers willing to pay more than $15.30 and most sellers […] Read more


Drozd: Oat market rally nears historical high

Oat futures prices at the Chicago Board of Trade have held up relatively well in comparison to the eight- and nine-month decline in the neighbouring corn and wheat markets. Last month, oat prices on the nearby monthly chart reached US$4.30 per bushel, which is the highest price since July 2008, when the oat market posted […] Read more

April live cattle futures post new contract low in first quarter of 2013

Reading Time: 3 minutes Live cattle prices have been under pressure since peaking in December amid bullish headlines and news that took prices to historic highs. Cattle and calves in the United States, according to USDA estimates as of January 1, 2013, totalled 89.3 million head, which is two per cent below the 90.8-million figure recorded a year earlier. […] Read more