GFM Network News


U.S. grains: Soybean futures set two-week high

Chicago | Reuters — U.S. soybean futures rose for a fifth straight session to their highest in two weeks as Chinese importers on Monday bought at least five bulk cargo shipments of the oilseed from the United States, or about 300,000 tonnes, traders said. A rally to four-week highs in soyoil futures helped support the […] Read more




U.S. grains: Corn, soy up on short-covering

Chicago | Reuters — U.S. soybean futures edged higher on Friday for the first time in seven sessions in a short-covering bounce, but remained near three-month lows as forecast rain in Argentina eased concern about a potential supply risk. Corn was slightly higher on short-covering ahead of the Christmas holiday weekend, while wheat slipped as […] Read more


U.S. grains: Soybeans at three-month low

Chicago | Reuters — U.S. soybean futures fell to a three-month low on Thursday, the sixth straight session of declines, on pressure from easing vegetable oil prices and improving crop weather in South America. Wheat and corn futures both were the highest in more than a week, with prices notching narrow gains on better-than-expected U.S. […] Read more

Partially hydrogenated oils on the way out

The federal government has served a year’s notice on partially hydrogenated oils (PHOs) as ingredients in foods sold in Canada. Health Minister Ginette Petitpas Taylor announced Friday that PHOs will be added to Canada’s List of Contaminants and Other Adulterating Substances effective Sept. 15, 2018, giving Canadian food processors and importers “enough time to find […] Read more



Canola acres seen rising on high prices

Brandon | Reuters — Canadian canola plantings may rise slightly in spring as farmers seek to cash in before an expected drop in vegetable oil prices as palm crops recover from drought that hit major Southeast Asian producers, German oilseed analysis firm Oil World said Tuesday. Plantings will rise by less than 10 per cent […] Read more


ICE weekly outlook: Canola faces supply questions

CNS Canada — ICE Futures Canada canola contracts moved higher during the week ended Wednesday, as persistent weather problems in Western Canada and gains in world vegetable oil markets provided support. “The most important variable for the canola market is trends in the global vegetable oil markets,” said Mike Jubinville of ProFarmer Canada, noting tight […] Read more