GFM Network News

(File photo by Dave Bedard)

Fund net long in canola steady, despite liquidation in U.S.

MarketsFarm — The large net long position fund traders are holding in canola futures held relatively steady during the week ended Tuesday, despite long liquidation in U.S. grains and oilseeds, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders on Tuesday were holding […] Read more

(Photo courtesy United Soybean Board)

U.S. grains: Soybeans, corn slide on weather

Chicago | Reuters — U.S. soybean futures fell about two per cent on Thursday, with the new-crop November contract dropping below psychological support at US$10 a bushel, on favourable crop weather and fund-driven long liquidation, analysts said. Corn futures followed soybeans lower while wheat rose, supported by poor weather in several global production areas that […] Read more

(Photo courtesy Water Management Research Unit, ARS/USDA)

U.S. grains: Corn sags on long liquidation, favourable crop conditions

Chicago | Reuters — U.S. corn futures fell on Friday on technical selling including fund-driven long liquidation along with strong crop prospects amid mostly favourable weather in the U.S. Midwest, analysts said. Wheat futures also declined as the U.S. winter wheat harvest began while soybeans closed firm as traders awaited news from U.S.-China trade talks […] Read more


UFA to shut down outdoor outfitter business

Alberta farmers’ co-operative UFA is set to get out of an “increasingly competitive” space in the retail sector by closing its outdoor supply chain Wholesale Sports. The co-operative, which bought what was then a seven-store chain in 2008, announced Thursday it would start inventory liquidation sales Friday at all 12 of its remaining Wholesale Sports […] Read more