GFM Network News


CBOT July 2021 soybeans (candlesticks) with 20-day moving average (dark green line) and CBOT July 2021 corn (orange line, left column). (Barchart)

U.S. grains: Corn, soy drop; soyoil limit-down

Spring wheat futures guide wheat markets lower

Chicago | Reuters — U.S. corn and soybean futures eased and soyoil futures plunged by their daily trading limit on Friday on concerns about demand for renewable fuel feedstocks after news the White House was considering offering fuel refiners relief from biofuel blending mandates. The Reuters report that the U.S. Environmental Protection Agency was pondering

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Corn stocks cut in USDA WASDE report

MarketsFarm — Corn ending stocks in the U.S. are forecast to be tighter than earlier expectations for both old- and new-crop, according to the U.S. Department of Agriculture’s world agricultural supply and demand estimates (WASDE) released Thursday. USDA projects 2021-22 ending stocks for corn to be at 1.357 billion bushels, a 150 million-bushel or 10


CBOT July 2021 corn (candlesticks) with 20-day moving average (yellow line), CBOT July 2021 wheat (orange line) and MGEX July 2021 spring wheat (dark green line). (Barchart)

U.S. grains: Corn jumps after USDA lifts export, ethanol demand view

Soybean crush cut by USDA, boosting 2020-21 ending stocks

Chicago | Reuters — U.S. corn futures rallied on Thursday to their highest in a month after the U.S. Department of Agriculture (USDA) projected stronger demand from ethanol makers and exporters ahead of the next harvest. Soybeans were mixed as USDA unexpectedly reduced its view of processor demand this spring and summer in its monthly


Market participants are banking on new-crop canola production to help relieve glaring supply shortages.

Traders largely abandon old-crop July canola

New-crop crush margins imply canola is still relatively cheap

The ICE Futures canola market moved higher during the first week of June, as a heat wave heightened dryness concerns across the Prairies. With North American seeding operations nearing completion, attention in the agricultural futures should be squarely on weather forecasts heading into the summer months. Environment Canada issued heat warnings across all of Western Canada, while




CBOT July 2021 soybeans (candlesticks) with 20- and 50-day moving averages (yellow and green lines) and CME July 2021 crude palm oil (purple line). (Barchart)

U.S. grains: Soybean futures fall, corn firm ahead of USDA report

CBOT, MGEX July wheats down; K.C. wheat up

Chicago | Reuters — U.S. soybean futures dropped 1.2 per cent on Wednesday, pressured by a round of profit-taking and weakness in the cash market, traders said. Wheat futures also were mostly lower after rain in the northern U.S. Plains eased some concerns about parched soils limiting the size of the crop. Corn futures were



Crop recovery good after late-May frost, flea beetle pressure on canola sees reseeding

Manitoba Crop Report and Crop Weather report for June 8

Southwest Region Daytime temperatures across the Southwest region reached the mid- 30 C mark; average temperatures ranged from 18 to 21 C. The 37 C high over the weekend came with damaging winds. In general, most of the southern parts of the Southwest region received 2 to 10 mm. The majority of the northern districts