GFM Network News


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CBOT weekly outlook: Tight old-crop supplies keep soy, corn strong

MarketsFarm — Soybean and corn futures at the Chicago Board of Trade posted solid gains during the week ended Wednesday, with the widening inverted spread between old-crop contracts and new-crop months a feature. “Commercials are buying any dips they can,” Sean Lusk of Walsh Trading said of the market. With the nearby months trading at […] Read more

Soybean fields are inspected in a University of Wisconsin research trial on dicamba drift at Arlington, Wisc. on Aug. 2, 2018. (File photo: Reuters/Tom Polansek)

Bayer, Corteva in ‘two-dog battle’ over U.S. soy market

Companies' GM soybeans jockey for market share

Chicago | Reuters — Bayer is launching a new genetically modified soybean in the United States, striking back against rival Corteva in a bid to retain its dominant position supplying seeds to the $40 billion U.S. soy industry. Billions of dollars are on the table for companies producing a growing variety of seeds for soybeans, […] Read more


CBOT May 2021 corn with Bollinger (20,2) bands. (Barchart)

CBOT weekly outlook: USDA acreage numbers provide bullish spark for corn, soy

MarketsFarm — Much-anticipated acreage estimates from the U.S. Department of Agriculture, on Wednesday provided a bullish boost to Chicago Board of Trade (CBOT) soybean and corn markets, with planting intentions for both crops coming in well below trade expectations. Corn futures were up by their 25 cents per bushel daily limit in reaction to USDA’s […] Read more

Burger King’s soy- and potato-based Impossible Whopper entered the Ontario market effective March 22, 2021. (CNW Group/Burger King)

Burger King rolls out plant-based Impossible Burger in Canada

Nationwide launch of soy- and potato-based burger set for mid-April

The Canadian arm of quick-service chain Burger King has made its move into the Canadian plant-based burger market, working with U.S. processor Impossible Foods. Burger King, a U.S.-headquartered brand of Toronto-based Restaurant Brands International (RBI) since 2014, said Monday it becomes “the first quick-service restaurant in Canada to put the award-winning, plant-based Impossible Foods patty […] Read more


A corn crop west of Grunthal, Man. on Aug. 17, 2019. (Dave Bedard photo)

CBOT weekly outlook: High U.S. corn prices cut into ethanol production

MarketsFarm — Upcoming reports from the U.S. Department of Agriculture are expected to steer Chicago Board of Trade (CBOT) futures, at a time when high corn prices in the U.S. may be cutting into ethanol production in that country. According to the U.S. Energy Information Administration’s report released on March 3, 849,000 barrels of ethanol […] Read more

Practical tips for soybean seeding success

Practical tips for soybean seeding success

Four Manitoba producers talk about preferred planting equipment, target plant stands, seeding rates and depths, and more

As another soybean season approaches, we’ve checked in with several producers to get details about their seeding practices — from seeding rates and depths to planting populations and types of planting equipment. The Penners, Elm Creek Calvin Penner and his family in Elm Creek, Man., generally keep soybeans in a four-year rotation. Long ago, when […] Read more


CBOT May 2021 corn with Bollinger (20,2) bands. (Barchart)

CBOT weekly outlook: Weather wreaks havoc on crops

MarketsFarm — Unusual weather, both in North and South America, has significantly affected commodities this week at the Chicago Board of Trade, according to a broker. A brutal cold snap, extending from northern Canada to the U.S.-Mexico border, has slowed down soybean crushing, halted production at ethanol refineries and raised energy prices in the U.S., […] Read more



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

CBOT weekly outlook: Corn, soybeans may see seasonal slowdown

However, more upside remains possible

MarketsFarm — Corn and soybean futures at the Chicago Board of Trade, now trading at their highest levels in years, could come under some pressure over the next month, although the longer-range outlook remains strong, according to a broker. Crop insurance levels in the U.S. are based in part off of new-crop futures prices during […] Read more

At the company’s Chatham, Ont. research farm, Bayer agronomic systems manager Adam Pfeffer shows a plot of XtendFlex herbicide-tolerant soybeans, comparing an untreated check strip infested with redroot pigweed against a herbicide-treated strip. (Bayer Crop Science video screengrab via YouTube)

Triple-herbicide-tolerant soybean set for limited 2021 release

Bayer's XtendFlex soybeans pick up needed approvals

Bayer Crop Science expects to have “a small volume” of its new XtendFlex soybeans in the Canadian seed market for the 2021 growing season. XtendFlex soybeans, whose trait package is stacked with herbicide tolerance for glyphosate and dicamba as well as glufosinate, will be available in Canada for planting this spring, but not in all […] Read more