GFM Network News


CBOT January 2021 soybeans with Bollinger (20,2) bands. (Barchart)

CBOT weekly outlook: Soy trade watching weather, export demand

MarketsFarm — Soybean contracts on the Chicago Board of Trade tested contract highs around US$12 per bushel in overnight trade earlier in the week, but couldn’t maintain those levels due to a lack of support. A technical selloff put pressure on prices on Wednesday, with the nearby January contract closing down by nine cents at […] Read more




ICE November 2019 canola with 20- and 100-day moving averages. (Barchart)

ICE weekly outlook: Farmers advised to price some new crop

ICE Futures canola contracts held within a narrow trading range during the week ended Wednesday, as participants await fresh market-moving news. While the sideways trading range could persist in the near term, an analyst said new-crop futures were at decent levels and encouraged farmers to do some forward pricing. The November canola contract settled Wednesday […] Read more