Crops & Production Tips

Barley south of Ethelton, Sask. on July 30, 2019. (Dave Bedard photo)

WTO creates panel in China-Australia barley row

By Reuters, GFM Network News May 31, 2021

Sydney/Geneva | Reuters — The World Trade Organization (WTO) agreed on Friday to establish a dispute settlement panel to resolve a row over anti-dumping and countervailing duties imposed by China on Australian barley, a trade source attending the meeting said. Australia launched a formal appeal to the WTO last year, seeking a review of China’s […] Read more

(Hexo Corp video screengrab via YouTube)

Crops, Reuters

Hexo steps up cannabis M+A spree with Redecan deal

By Reuters, GFM Network News May 29, 2021

Reuters — Hexo Corp said on Friday it would buy Redecan, a privately-owned Niagara-region cannabis producer, for $925 million in cash and stock, as the pot producer bolsters its portfolio to tap surging demand and position itself as a top recreational weed supplier. Cannabis demand surged last year as many people turned to pot during […] Read more

Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Bids correct higher

U.S. wheat futures up on week

By Phil Franz-Warkentin, GFM Network News May 29, 2021

MarketsFarm — Wheat bids across Western Canada moved higher during the week ended Thursday, as U.S. futures saw a corrective bounce after falling to their softest levels in over a month. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $8.50-$9 per tonne, according to price quotes from a […] Read more

Barley. (Photo courtesy Canada Beef Inc.)

Barley, Crops, Markets

Feed weekly outlook: Canada’s barley exports show no signs of slowing

By Phil Franz-Warkentin, GFM Network News May 29, 2021

MarketsFarm — Tight Canadian barley supplies, due in part to surging export demand, have kept feed grain bids well supported in the Prairies over the past few months. The cupboards, however, are not quite bare, with weekly Canadian barley exports hitting their second-highest level of the crop-year-to-date. Canada exported 175,500 tonnes of barley during the […] Read more

CBOT July 2021 corn (candlesticks) with MGEX July 2021 spring wheat (orange open/high/low/close) and CBOT July 2021 wheat (green OHLC). (Barchart)

Crops, Markets, Reuters

U.S. grains: Corn eases after volatile week

Wheat, soybeans also ease after tracking corn rally

By Christopher Walljasper, GFM Network News May 29, 2021

Chicago | Reuters — Chicago corn eased on Friday, after a strong rebound a day earlier as the market weighed up strong Chinese demand against U.S. growing conditions. Wheat and soybeans also edged lower, though spring wheat futures on the Minneapolis Grain Exchange (MGEX) climbed as a cold front hitting much of the U.S. Midwest […] Read more

Corn, Crops, Markets, Spring Wheat

IGC expects larger world grain crop but tighter stocks

By GFM Network News May 28, 2021

MarketsFarm — World grain production is forecast to hit a new record in 2021-22, but increasing demand should still cause ending stocks to tighten to their lowest level in seven years, according to updated projections from the International Grains Council. Total grain production — which includes wheat, corn and other coarse grains — is forecast […] Read more

CBOT July 2021 corn (candlesticks) with 20-day moving average (yellow line) and CBOT July 2021 wheat (orange open/high/low/close). (Barchart)

Crops, Markets, Reuters

U.S. grains: Corn limit-up on export demand, short-covering

Soybeans follow corn higher, wheat also up

By GFM Network News May 28, 2021

Chicago | Reuters — U.S. corn futures surged more than six per cent on Thursday in a technical-buying and short-covering bounce from one-month lows and as strong demand for feed grains supported prices. Soybeans followed corn higher, rising for the first time in eight sessions after hitting the lowest point in a month in the […] Read more

ICE November 2021 canola (candlesticks) with 20-day moving average (yellow line) and CBOT December 2021 soyoil (green line, left column). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Swings ahead for canola

By GFM Network News May 27, 2021

MarketsFarm — If anything is certain for canola values, it’s that they are going to be swingy for the next while, according to Ken Ball of PI Financial in Winnipeg. Canola bids, especially new-crop, have been on the downswing lately, largely due to precipitation the Prairies recently received. While the resulting moisture won’t rectify the […] Read more

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

Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Soy, corn watching weather

By Phil Franz-Warkentin, GFM Network News May 27, 2021

MarketsFarm — Corn and soybean futures at the Chicago Board of Trade have moved off of highs hit earlier in May as good planting conditions in the U.S. Midwest weighed on values. “We’re pretty much in a weather market right now,” Scott Capinegro of Barrington Commodity Brokers in Illinois said. He expected solid prices for […] Read more

Crops, Reuters

U.S. judge rejects Roundup settlement plan as ‘unreasonable’

Proposal would cover suits over future illnesses

By GFM Network News May 26, 2021

Reuters — A U.S. judge rejected Bayer’s US$2 billion class action proposal to resolve future lawsuits alleging its Roundup herbicide causes cancer, saying in a Wednesday order that parts of the plan were “clearly unreasonable.” U.S. District Court Judge Vince Chhabria in San Francisco said the proposal “would accomplish a lot for Monsanto,” which Bayer […] Read more

GFM Network News

U.S. livestock: Feeder cattle hit contract highs on tight supply

U.S. grains: Soybeans tumble on doubts over U.S.-China trade progress

Alberta harvest wrapping up: report

Crops