Crops & Production Tips

FCL’s Co-op Fertilizer Terminal at Brandon. (Photo courtesy Federated Co-operatives Ltd.)

Fertilizer prices to remain high for now

By GFM Network News January 8, 2022

MarketsFarm — There are two factors to consider when it comes to fertilizer. One is the cost as it’s to remain quite expensive at least through the first quarter of 2022, according to Chris Lawson, head of fertilizers for the CRU Group. The other is its availability, said Todd Lewis, president of the Agricultural Producers […] Read more

CBOT March 2022 soybeans (candlesticks) with 20-day moving average (yellow line) and CBOT March 2022 soymeal (green line, left column). (Barchart)

Crops, Markets, Reuters

U.S. grains: Soybeans rally, following soymeal gains

Wheat capped by big Argentina, Australia crops

By Christopher Walljasper, GFM Network News January 7, 2022

Chicago | Reuters –– Chicago soybean futures rallied on Friday, supported by soymeal demand and weather issues in South America. Corn followed higher, although crops in Argentina and Brazil are likely less impacted by drought in the region as they have more time to benefit from rainfall expected later this month. Wheat rebounded from a […] Read more

Barley, Corn, Crops, Markets, Spring Wheat

Feed weekly outlook: Feedlots, elevators filled with corn

By GFM Network News January 7, 2022

MarketsFarm — As 2022 begins, feed grain markets in Alberta have been “status quo,” according to a grain buyer. “There’s a lot of grain that has been pre-contracted in terms of corn coming in from the United States,” said Brandon Motz of CorNine Commodities at Lacombe, Alta. “Lots of priority has been towards execution, making […] Read more

CBOT March 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

Crops, Markets, Reuters, Weather

U.S. grains: Soybeans ease after weather rally

Corn firms, wheat slips to nearly three-month low

By Christopher Walljasper, GFM Network News January 6, 2022

Chicago | Reuters — Chicago soybean futures dipped on Thursday as broad selling in financial markets countered weather concerns in South America that had pushed prices to a five-month high. Corn ended just above even, paring losses as private estimates of South American crops fell further due to hot, dry conditions in the region. Wheat […] Read more

ICE March 2022 canola (candlesticks) with Bollinger bands (20,2). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola strength shows no signs of fading

By Phil Franz-Warkentin, GFM Network News January 6, 2022

MarketsFarm — ICE Futures canola contracts started the new year on a firm footing, with little sign that the ongoing strength will end anytime soon. “Is canola expensive? Yes, but everything is expensive,” said analyst Mike Jubinville of MarketsFarm. While canola may look overpriced by some metrics, he noted the high prices were necessary to […] Read more

File photo of a soybean field in Argentina. (Federico Weyland/iStock/Getty Images)

Crops, Markets, Weather

CBOT weekly outlook: South American dryness main source of support

By GFM Network News January 6, 2022

MarketsFarm — After corn and the soy complex on the Chicago Board of Trade shot up on Tuesday following the fats and oils as well as the crushing reports from the U.S. Department of Agriculture (USDA), one trader said he isn’t expecting any surprises to come out of USDA’s supply and demand estimates or grain […] Read more

CBOT March 2022 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)

Crops, Markets, Reuters

U.S. grains: Soybeans up with session peak highest since July

Corn, wheat ease

By Christopher Walljasper, GFM Network News January 5, 2022

Chicago | Reuters — Chicago soybeans ended stronger on Wednesday after trading both sides of even and hitting the highest in nearly five months, supported by extreme weather in South America that could result in yield losses. Corn eased after also rallying on South American weather risks, while wheat followed. The most-active soybean contract on […] Read more

Environment Canada’s forecast probabilities of precipitation for the January-through-March period. (Weather.gc.ca)

Crops, Livestock, Weather

Colder-than-normal Prairie winter forecast

By GFM Network News January 4, 2022

MarketsFarm — Colder-than-normal temperatures are in the long-range forecast across Western Canada over the next three months, while much of Eastern Canada should be warmer. The latest seasonal forecast from Environment Canada, released Friday, calls for a 50 to 90 per cent chance of below-normal temperatures from January through March for the four western provinces. […] Read more

Workers set up a temporary building for John Deere on Jan. 3, 2022 in the parking lot of the Las Vegas Convention Center in preparation for CES 2022. (Photo: Reuters/Steve Marcus)

Crops, Machinery, Reuters

Deere says its robo-tractors are ready to till the fields

By GFM Network News January 4, 2022

Detroit | Reuters — Deere and Co. said Tuesday it will start commercial delivery this year of technology that enables a tractor to till a field without an operator in the cab, a first for the top North American tractor manufacturer after years of effort to automate farm work. Deere plans a low-volume launch this […] Read more

CBOT March 2022 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)

Crops, Markets, Reuters, Weather

U.S. grains: Soybeans, corn supported by South America dryness

Wheat ratings decline in Kansas, Oklahoma, USDA says

By Christopher Walljasper, GFM Network News January 4, 2022

Chicago | Reuters — Chicago soybean and corn futures climbed on Tuesday, underpinned by dry weather in parts of South America that could hurt yields in rival export markets, while wheat rose after a three-session decline. The most-active soybean contract on the Chicago Board of Trade (CBOT) closed 34-1/4 cents higher at $13.89-3/4 a bushel, […] Read more

GFM Network News

U.S. livestock: Cattle rebound on technical buying

U.S. grains: Soybeans fall as rapid harvest overshadows China trade hopes

Good weather pushes Alberta harvest along

Crops