GFM Network News






Feed weekly outlook: Prices steady ahead of seeding

MarketsFarm — Feed grain prices have firmed up ahead of seeding, and producers are quick to make room in feed bins ahead of seeding. “New-crop price is significantly lower than old-crop, so at some point they’re going to converge,” said Allen Pirness, senior trader with Market Place Commodities in Lethbridge. Statistics Canada’s crop intentions report, […] Read more



ADM’s move to spin off ethanol assets speaks to industry’s woes

New York/Chicago | Reuters — Biofuels pioneer Archer Daniels Midland took another step toward abandoning its pure-play ethanol assets on Friday, the latest sign of the industry’s struggles with U.S. President Donald Trump’s trade wars, thin margins, and overproduction. U.S. law requires ethanol to be blended into gasoline but domestic demand for the biofuel added […] Read more



CBOT weekly outlook: Bear market aches for bull news

MarketsFarm –– The Chicago Board of Trade (CBOT) is currently a bear-market, according to broker Scott Capinegro of Barrington Commodity Brokers. “It’s like the markets are saying ‘Show me something, we’ll take anything,’ but the bears are winning,” he said, noting there has been almost no news to drive the market in a bullish manner. […] Read more


CBOT weekly outlook: Markets brace for weather, trade war

MarketsFarm — With the U.S. Department of Agriculture’s world agriculture supply and demand estimates (WASDE) report in the rearview mirror, the Chicago Board of Trade is trading largely on weather forecasts and flood reports. Markets did react, however, when the WASDE report dropped on Tuesday. “We did see some short covering in the market yesterday […] Read more