GFM Network News



Grain exports flow fast as pandemic lockdowns clear rail capacity

Traffic accelerates on lower coal, crude volumes

Winnipeg | Reuters — Canadian grain exporters are boosting sales in a slumping global economy, as demand for commodities like oil weakens and frees up railway space. Brisk crop movement in a country that relies heavily on rail is a bright spot during pandemic lockdowns, which have hammered most industries. “We’ve had an almost unlimited […] Read more


U.S. grains: Soybeans fall on crop development

Wheat lifts on short-covering

Chicago | Reuters — Chicago soybean futures slid on Monday on reports of healthy crop development across much of the U.S. Midwest, as concerns about a potential bumper crop cooled market enthusiasm over recent strong Chinese demand. Private exporters reported the sale of 390,000 tonnes of soybeans to China for delivery in the 2020-21 marketing […] Read more



U.S. grains: Corn gains with rising crude, limited by early planting

Soybeans rise on sale to China, despite tariff talk

Chicago | Reuters — Chicago corn futures gained on Tuesday, following energy markets higher on hopes of renewed ethanol fuel demand as lockdowns ease, but were capped by ahead-of-schedule planting across the U.S. Midwest, analysts said. Soybeans climbed on confirmation of new sales to China, even as the United States renewed tariff threats over China’s […] Read more



U.S. grains: Active planting weighs on corn

Chicago wheat hits lowest level since March 19

Chicago | Reuters — Chicago corn futures slid on Monday on favourable U.S. planting weather coupled with struggling crude oil prices that continue to pressure demand for corn-based ethanol, analysts said. Chicago Board of Trade (CBOT) wheat futures slipped to one-month lows as expected rain across Europe eased concerns about crop stress while competitive Saudi […] Read more

ICE weekly outlook: Canola gains strength at midweek

MarketsFarm — After showing considerable weakness in prior trading sessions, canola contracts tried to regain some ground at midweek. Ken Ball of P.I. Financial in Winnipeg said canola was oversold due to bearish sentiments from outside markets earlier in the week, but prices were steadily bouncing back. Nearby ICE Futures canola was down Monday by […] Read more


CBOT weekly outlook: Crude volatility holds down corn, soy

MarketsFarm — Hit by an unprecedented crash in North American crude oil prices, particularly this week, corn and soybeans have struggled at the Chicago Board of Trade, according to Terry Reilly of Futures International. As the May contract for West Texas Intermediate (WTI) wrapped up earlier this week, it crashed so badly its price turned […] Read more