Crops & Production Tips

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

U.S. grains: Wheat slide continues in volatile week

Soybeans rise, corn up on support from crude oil prices

By GFM Network News December 4, 2021

Chicago | Reuters — Chicago wheat futures slid once again on Friday, after a volatile week in which prices plunged on investor fears about the economic impact of the Omicron variant of COVID-19, traders said. Wheat prices had steadied early in the day’s session but then started falling again on news that U.S. employment growth […] Read more

Crops, Markets, Weather

Canola declines, durum drops in new StatsCan estimates

Soybean, oats estimates raised

By GFM Network News December 3, 2021

MarketsFarm — There were very few surprises in Statistics Canada’s latest principal field crop production estimates released Friday — the first in 2021-22 to use a survey of producers. Nevertheless, they quantified just how severe last summer’s drought was in Western Canada. Canola production for the 2021-22 marketing year was estimated to be 12.595 million […] Read more

Barley, Corn, Crops, Markets, Spring Wheat

Feed weekly outlook: Prices strong, beginning to stabilize

By GFM Network News December 3, 2021

MarketsFarm — Feed grain bids in Western Canada have shown some strength over the past month, but were stabilizing in early December as corn imports pick up from the U.S. Erin Harakal, trade manager at Agfinity Inc. at Stony Plain, Alta., said prices have been strong over the past month but steady over the past […] Read more

A CNH manufacturing plant at Sorocaba, west of Sao Paulo in southeastern Brazil. (Photo courtesy CNH Industrial)

Crops, Machinery, Reuters

CNH buys software house NX9 to bolster ag business

By Reuters, GFM Network News December 3, 2021

Milan | Reuters — CNH Industrial has bought software engineering firm NX9, it said on Thursday, in a further step to boost digital innovation in its agricultural division as it prepares to spin off its truck, bus and engine operations. U.S.-based NX9 is a small software house specializing in so-called ‘ISOBUS’ technology for agricultural equipment, […] Read more

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

Crops, Markets, Reuters

U.S. grains: Wheat rallies as global demand offsets virus worries

USDA confirms China buys U.S. soybeans

By Tom Polansek, GFM Network News December 3, 2021

Chicago | Reuters — U.S. and European wheat futures jumped on Thursday as a series of import tenders and fears of rain damage to Australia’s harvest overshadowed concerns over the spread of the new coronavirus variant. Soybean and corn futures also advanced at the Chicago Board of Trade (CBOT). Global demand for wheat put renewed […] Read more

Prince Rupert Grain Terminal. (Rupertport.com)

Crops, Reuters, Weather

CN rerouting trains, aims to re-open line to Vancouver on weekend

By Reuters, GFM Network News December 2, 2021

Reuters — Canadian National Railway (CN) said Wednesday it was aiming to reopen its track in the crucial Kamloops-to-Vancouver corridor in flood-hit British Columbia this weekend. The Pacific province, trying to rebuild after devastating floods in November, received more rain over the weekend and this week. CN operates one of the two critical rail lines […] Read more

CBOT January 2022 soybeans (candlesticks) with 20- and 50-day moving averages (yellow and dark green lines). (Barchart)

Crops, Markets, Reuters

U.S. grains: Grain futures regain ground as COVID jitters ease

Corn, soy firm after also hitting near three-week lows with wheat

By GFM Network News December 2, 2021

Chicago | Reuters — Chicago wheat futures turned higher Wednesday, recouping some of their steep losses from the previous session, as investor concerns that the Omicron coronavirus variant would derail the global economy began to ease. Corn and soybeans also regained ground on end-user buying, traders said, following hopes of export buyers looking for deals […] Read more

ICE March 2022 canola (candlesticks) with 20- and 50- day moving averages (yellow and dark green lines). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Days of $1,000 canola done, for now

By GFM Network News December 1, 2021

MarketsFarm — There very likely won’t be any resurgence in canola that would see old-crop futures exceed $1,000 per tonne in the near future, according to analyst Errol Anderson of ProMarket Communications in Calgary. In recent days, canola has been taking a series of hard hits, which have pulled the January and March contracts under […] Read more

Crops, Markets

Smaller crops likely in StatsCan survey-based report

By Phil Franz-Warkentin, GFM Network News December 1, 2021

MarketsFarm — Mindful of the summer drought conditions that seriously cut into crop production across the Prairies, average trade estimates call for downward revisions to Statistics Canada’s already-small forecasts for most crops when the it releases its first survey-based estimates of the marketing year on Friday. While prior reports, in September and August, were compiled […] Read more

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

Crops, Markets

CBOT weekly outlook: Markets ‘resilient’ in face of Omicron

By GFM Network News December 1, 2021

MarketsFarm — While fears over the newly-identified Omicron COVID-19 variant caused a sharp downturn Friday in oil and equities, crop prices on the Chicago Board of Trade (CBOT) were not as hard hit. “This new COVID-19 variant has got some traders spooked in the market here in thinking there might be some economic slowdown and […] 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