GFM Network News

The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)

CBOT weekly outlook: U.S. corn, soybean carryovers could increase

Declines expected for wheat stocks

MarketsFarm — Ahead of the next supply and demand report from the U.S. Department of Agriculture (USDA), expectations are for corn and soybean ending stocks to increase, according to Steve Georgy, president of Allendale Inc., in McHenry, Ill. “The wheat market could see carryout numbers decline slightly on this report,” he added. USDA is scheduled […] Read more

Wheat being loaded onto a cargo ship in Vancouver in 2011. (File photo: Reuters/Ben Nelms)

Exports tumble as supplies simply not there

'There's very little to sell'

MarketsFarm — Cereal and oilseed exports out of Canada nosedived in August just as the 2021-22 marketing began, according to the monthly export report from the Canadian Grain Commission (CGC). At about 2.24 million tonnes, total grain exports were down 38.5 per cent overall compared to those in August 2020. “There’s very little to sell. […] Read more

CBOT December 2021 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)

U.S. grains: Corn, soybean futures fall

Chicago wheat futures firm

Chicago | Reuters — Chicago Board of Trade corn and soybean futures fell on Wednesday on seasonal harvest pressure and forecasts that should allow U.S. farmers to continue to make good progress with the cutting of their crops, traders said. “Harvest should continue to expand with weather allowing for quick progress with yields holding up […] Read more

The concept of using biostimulants on crops isn’t new, but farmers remain cautious, realizing all that glitters may not be gold.

Farmers still cautious about biostimulants

Farmer Panel: Some benefits observed, but questions continue about if, when and where they produce consistent results

Western Canadian farmers aren’t exactly stampeding to crop supply retailers looking for biostimulant products that offer to improve crop production. That’s the view of at least a sampling of Prairie producers when asked for this September’s farmer panel on what they think about biological and biostimulant products applied to soil, seed or as foliar treatments. Producers […] Read more

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

U.S. grains: Soybean futures rise on energy market strength

Corn, wheat futures fall

Chicago | Reuters — U.S. soybean futures rose 1.3 per cent on Tuesday as a rally in the energy market boosted demand for soy-based biofuels, traders said. Wheat futures were down on profit-taking after three straight days of gains pushed the market to its highest since mid-August. The wheat weakness dragged corn lower. Soybeans were […] Read more

CBOT November 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

U.S. grains: Soybean futures extend losing streak

CBOT wheat firm, corn weak

Chicago | Reuters — U.S. soybean futures fell for the third session in a row on Monday, sinking to their lowest in 9-1/2 months on continued pressure from a government report that showed domestic supplies were bigger than expected. Wheat firmed to its highest since mid-August on technical buying. Corn futures ended slightly lower after […] Read more

CBOT December 2021 wheat (candlesticks) with 20-day moving average (yellow line) and MGEX December 2021 spring wheat (dark green line, left column). (Barchart)

U.S. grains: Wheat extends climb on tight U.S. supply

CBOT soy down; corn and oats up

Chicago | Reuters — U.S. wheat futures hit a six-week high on Friday, rallying for a second day in a row on smaller-than-expected stocks and production figures from the U.S. Department of Agriculture. Corn futures followed wheat higher while soybeans fell to multi-month lows after USDA on Thursday reported larger-than-expected U.S. soy inventories. Chicago Board […] Read more

CBOT December 2021 wheat (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. grains: Wheat futures surge as supplies drop to 14-year low

CBOT soybean futures hit lowest since Dec. 29

Chicago | Reuters — Chicago wheat futures surged on Thursday, after the federal government reported that U.S. supplies of wheat have fallen to their lowest level since 2007 — and that the wheat harvest is the smallest seen in 19 years. At the same time, the country ended the Sept. 1 crop year with slightly […] Read more

ICE November 2021 canola (candlesticks) with Bollinger bands (20,2). (Barchart)

ICE weekly outlook: Analyst sees canola spike late next month

Movement expected to roll out of November soon

MarketsFarm — As the canola harvest winds down on the Prairies, ICE Futures canola began to climb upward in approaching $900 per tonne, the upper limit of its range. That’s given Winnipeg-based analyst Wayne Palmer of Exceed Grain reason to believe canola will bust through $900 per tonne. “That’s all due to the drought and […] Read more