GFM Network News


U.S. grains: Corn, wheat hit two-week lows on COVID-19 fears

Commodity selling continues dragging on grains, analysts say

Chicago | Reuters — U.S. grain futures extended losses on Thursday, with corn and wheat hitting two-week lows as concerns over the COVID-19 pandemic’s economic impact weighed on prices. Improving global crop weather added pressure on prices, with rains benefiting dry wheat-growing areas in the U.S. and Russia and soybean-producing regions of Brazil, traders said.

Every year farmers vote on varieties while sowing their crops, and MASC has just released the latest data.

Manitoba’s top crops in 2020

MASC’s annual 2020 market share report reveals most popular crops and varieties

Manitoba’s top four insured crops in 2020 are unchanged from 2019, the Manitoba Agricultural Services Corporation’s (MASC) 2020 variety market share report shows. Canola leads the way followed by red spring wheat (varieties in the Canada Western Red Spring class), soybeans and oats. Why it matters: Manitoba Agricultural Services Corporation’s annual variety market share report



U.S. grains: Crop prices slide as pandemic concerns rattle markets

Traders await U.S. export sales data Thursday

Chicago | Reuters — U.S. grain and soybean futures fell on Wednesday as part of a broad sell-off in markets fueled by concerns about the economic impact of a global surge in COVID-19 cases, traders said. Losses in agricultural futures pulled corn prices back from a 14-month high reached on Tuesday and soybean prices down

An Oct. 1 workshop at Bruce Sneesby’s farm near Westbourne, Man., takes attendees through forage ammoniation step by step.

This is your father’s forage treatment

Ammoniating poor-quality feed is an old technique that producers may want to keep in their tool box

Manitoba’s provincial hay and livestock experts want producers to consider winding back the clock if they have to make the best of poor feed. For many livestock producers, ammoniating forage is something that fell out of vogue decades ago. But now some of those experts want to bring it back to the table, with producers


U.S. grains: Corn futures fall after hitting 14-month high

Rains expected to benefit wheat crops; traders watch China to buy more U.S. corn, soy

Chicago | Reuters — Chicago Board of Trade corn futures ended lower on Tuesday after reaching their highest prices in more than a year on strong U.S. export demand. Soybean futures backpedaled after hitting their highest price since July 2016 on Monday. Wheat also slumped. Profit-taking weighed on corn after prices initially rose on a

Cenovus to get Prairies’ biggest ethanol maker in Husky sale

Plants can take up to 750,000 tonnes of wheat, corn, rye per year

A proposed takeover of Husky Energy by Cenovus Energy is expected to create not only Canada’s third-biggest oil and gas producer but also a new owner for the Prairies’ biggest ethanol business. The two Calgary companies on Sunday announced a friendly all-stock deal which would see Husky shareholders get 0.7845 of a Cenovus share —

Understanding basis one of the basics of grain marketing

This measure of local demand for grain in the handling system can help your marketing plans

What’s the basis for your basis decisions? Basis pricing doesn’t get as much attention as it should but is such an important, but often overlooked or misunderstood, piece of the grain-marketing puzzle. While many farmers do pay close attention to basis, others don’t. I initially looked at basis in this column a couple of years ago and


U.S. grains: Soybeans hit four-year peak on Chinese demand

U.S. winter wheat crop rating misses estimates

Chicago | Reuters — U.S. soybean futures set their highest price in more than four years on Monday, rising for a sixth consecutive session on strong Chinese demand. Corn futures retreated from a 14-month peak hit on Friday, while wheat futures tumbled as global crop weather improved. Traders are keeping a close eye on China’s