GFM Network News





Funds remain short canola and soybeans

MarketsFarm — Fund traders continue to hold onto a large net short position in the canola market, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position came in Tuesday at 57,512,an increase of roughly 5,000 contracts from the previous week. Open […] Read more

Churchill shipping resumes but grain still on back burner

MarketsFarm — The first cargo ship in two years left the northern Manitoba port of Churchill on Wednesday, moving supplies to communities in Nunavut. Rehabilitation efforts at North America’s only deep-water Arctic port are still underway, but there are expectations business through the facility will eventually include grain as well. OmniTrax, the previous owner of […] Read more



Fund short position grows in canola

MarketsFarm — Speculators were actively adding to their short positions in the ICE Futures canola market during the holiday week ended July 2, according to Monday’s commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position came in July 2 at 65,022, an increase of nearly […] Read more


ICE weekly outlook: All eyes on King Corn

MarketsFarm — ICE Futures canola contracts trended lower over the past two weeks and could have some more room to the downside before eventually returning higher with summer weather markets and expected strength in Chicago corn futures. The November canola contract settled at $450.40 per tonne on Wednesday. The contract could have another $5-$10 to […] Read more



StatsCan: Less canola and durum, more barley and oats

MarketsFarm — Canadian farmers seeded fewer canola and durum acres than they originally intended, but more barley and oats, according to updated acreage estimates from Statistics Canada that largely came within expectations. StatsCan pegged planted Canadian canola area for 2019-20 (August to July) at 20.952 million acres, down by about 300,000 from the March survey […] Read more

CBOT weekly outlook: Bullish U.S. Midwest weather story not over

MarketsFarm — Corn and soybean futures at the Chicago Board of Trade may have run into some profit-taking resistance, but underlying concerns over wet fields and lost acres should keep the general uptrend in place heading through the summer. “I don’t think this weather story is anywhere near over,” said Preston Zacharias of CHS Hedging’s […] Read more