GFM Network News


CN sees eastern network revival on supply chain diversity, ports

Montreal | Reuters — Canadian National Railway, the country’s biggest railroad, is banking on growth in consumer products and supply-chain diversification in Asia, to revive traffic on its underutilized eastern Canadian rail lines, the company’s CEO told Reuters Friday. Coronavirus, which hit China’s industrial production, along with U.S. tariffs on Chinese goods, are further leading […] Read more

CBOT weekly outlook: Ag commodities steady

Slack demand for biofuel has dragged on corn

MarketsFarm — Crop commodity values on the Chicago Board of Trade (CBOT) have largely stabilized as COVID-19 restrictions are relaxed in several U.S. states. “We’ve been playing this virus for a few months now,” said Scott Capinegro of Barrington Commodities in Barrington, Ill. COVID-19-related lockdown measures decimated demand for ethanol, which put considerable pressure on […] Read more


Burnett on Markets: Suddenly agriculture is important

COVID-19 is putting food security in the spotlight

MarketsFarm — A trend has developed in the business news channels over the past week that has not been hard to miss. Suddenly the CEOs of big agriculture and food concerns are being featured front and centre during the business segments. Usually these companies are noted only when they release quarterly results and even then […] Read more



CBOT weekly outlook: Bargain buying lifts some commodities

MarketsFarm — Despite an ever-changing economic environment due to the global COVID-19 pandemic, ag commodity prices may be sheltered from the worst bearish sentiments. “Global import businesses have taken off this week due to lower commodity prices,” said Terry Reilly of Futures International in Chicago. “If we do see an economic slowdown, we’ll probably see […] Read more

Impacts on ag expected as COVID-19 rocks markets

Farmers urged to manage expenses

Stocks continuing to plunge during the COVID-19 coronavirus pandemic have left agricultural producers in Canada concerned about the potential impact. Thursday marked the biggest drop in Canadian stocks in 80 years, highlighted by many economists warning the country is on the brink of recession. Beyond growing fears of COVID-19’s economic impact, oil and gas stocks […] Read more


U.S. grains: Corn, soy drop to six-month lows

Wider markets sell-off continues

Chicago | Reuters — U.S. corn and soybean futures fell to six-month lows on Thursday as another rout on Wall Street underscored uncertainty about economic fallout from the coronavirus pandemic as well as demand for agricultural commodities, analysts said. Wheat futures followed the weak trend. Chicago Board of Trade May corn settled down 8-3/4 cents […] Read more

CBOT weekly outlook: Markets focused on virus, oil prices, stocks

MarketsFarm — From where Steve Georgy sits, commodity markets such as the Chicago Board of Trade (CBOT) are currently focused on only three things. One is the COVID-19 coronavirus — specifically, how the global outbreak affects commodity markets, especially if it results in “the slowing down the movement of grain, the slowing down the movement […] Read more



U.S. grains: Soy, wheat, corn up on economic stimulus hopes

Recovery continues off COVID-19-related pressure

Chicago | Reuters — U.S. grain and soybean futures rose on Tuesday on technical buying and expectations for a co-ordinated global effort to offset the economic impact of the coronavirus outbreak. The U.S. Federal Reserve cut interest rates in an emergency move designed to shield the world’s largest economy from the COVID-19 virus, whose global […] Read more