Crops & Production Tips

(FMC Corp. video screengrab via YouTube)

Ag input firm FMC’s shares tumble after lowering financial targets

Partners 'rapidly reduced inventory levels'

By Reuters, GFM Network News July 11, 2023

Reuters — Shares of FMC Corp. fell more than eight per cent on Monday after the agricultural products supplier cut its outlook for the year on volume declines in most of its major markets. “Towards the end of May, we experienced unforeseen and unprecedented volume declines in three out of our four operating regions, as […] Read more

CBOT November 2023 soybeans with Bollinger bands (20,2). (Barchart)

Crops, Markets, Reuters

U.S. grains: Soy futures climb ahead of key USDA reports

CBOT December corn up, September wheat down

By Julie Ingwersen, GFM Network News July 11, 2023

Chicago | Reuters — U.S. soybean futures rose about two per cent on Monday, bouncing off of a one-week low set Friday as traders positioned ahead of monthly crop reports due at midweek from the U.S. Department of Agriculture that are expected to project tighter U.S. supplies of the oilseed, traders said. Strength in global […] Read more

The malting floor at Anglia Maltings’ Crisp Malt facility in the U.K. (Photo: CNW Group/Richardson International Ltd.)

Barley, Crops, Reuters

Richardson buys into European malt market

Winnipeg agrifood firm buys U.K.-based Anglia Maltings

By Rod Nickel, GFM Network News July 10, 2023

Paris | Reuters — Canada’s biggest grain merchant Richardson International is entering the malt sector through the acquisition of U.K.-based Anglia Maltings Holdings (AMH), targeting rising demand for the beer and whisky ingredient, Richardson said on Friday without disclosing financial terms. Anglia Maltings operates seven malt facilities in the U.K., Poland, and Germany, with combined […] Read more

Canola, Crops, Markets

Fund short position hits six-month low in canola

CBOT soybeans show reduced net long

By Phil Franz-Warkentin, GFM Network News July 10, 2023

MarketsFarm — The speculative short position in ICE Futures canola fell to its smallest level in six months at the beginning of July, as fund traders covered short positions and put on some new longs. That’s according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of July […] Read more

File photo of a sunflower crop in Manitoba. (MysticEnergy/Getty Images)

Crops, Markets

Manitoba sunflowers doing well with fewer acres

Few pest, weed problems appear so far

By GFM Network News July 10, 2023

MarketsFarm — Despite fewer acres under hot and dry conditions, things are going well for Manitoba’s sunflower crop. Out of the 88,000 acres planted for sunflowers across Canada, 77,000 of them are in Manitoba, according to Statistics Canada’s (StatCan) principal field crop acreage estimates released June 28. Both figures represent the fewest number of acres […] Read more

Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Weather, rising futures lift bids

Dry weather persisted for much of Prairies

By GFM Network News July 10, 2023

MarketsFarm — Dry weather for most of the Prairies, as well as rising wheat prices in the U.S., lifted western Canadian wheat bids, some to more than $400 per tonne, for the week ended July 6. With the exception of thunderstorms and sporadic precipitation in Alberta, dryness persisted across much of the Prairies, albeit with […] Read more

Columns, Crops, Weather

Les Henry: Climate change in our neck of the woods

We have much more to fear from cold than warm

By Les Henry July 7, 2023

Regular readers may recall my Jan. 21, 2020 column that showed monthly temperature data for Swift Current, Sask., from 1886 to 2018. That was followed by my March 24, 2020 column that included sites from North Dakota, which provided the same conclusions. Weather is the day-to-day, month-to-month and year-to-year conditions that we experience. Climate is […] Read more

CBOT November 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets, Reuters, Weather

U.S. grains: Soybeans, corn drop on improved crop weather

CBOT September wheat also down

By GFM Network News July 7, 2023

Chicago | Reuters — U.S. corn and soybean futures fell on Friday as recent welcome rains across the Midwest farm belt, and forecasts for more next week, aided crops that had been suffering under an early season drought. Soybeans, which notched a four-month high on Monday, ended down 1.9 per cent for the week, while […] Read more

Crops, Pulses

ADM buys Saskatchewan pulse miller

Prairie Pulse to double U.S. firm's reach in province's pulse sector

By Dave Bedard, GFM Network News July 7, 2023

One of the four majors in global agrifood has bought expanded capacity in Saskatchewan’s pulse crop sourcing and processing space. ADM on Wednesday announced having bought Prairie Pulse Inc., whose main asset its its pulse crop processing and packaging plant at Vanscoy, about 25 km southwest of Saskatoon. Chicago-based ADM — known as the ‘A’ […] Read more

CBOT December 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets, Reuters

U.S. grains: Corn firms on technicals, short-covering

Soybeans retreat; wheat futures consolidate

By GFM Network News July 6, 2023

Chicago | Reuters — U.S. corn futures rose on Thursday on technical buying and short covering following a two-week slide that took prices to 2-1/2 year lows. Soybean futures fell in a profit-taking retreat from multi-month highs posted after the U.S. Department of Agriculture (USDA) unexpectedly slashed its U.S. plantings estimate and as recent rains […] Read more

GFM Network News

U.S. livestock: Cattle fall sharply as Trump says he’s working to lower beef costs

Alberta Crop Report: Harvest reaches completion

U.S. grains: Corn, soybeans rise on yield uncertainty, firming cash markets

Crops