GFM Network News


U.S. grains: Soybeans fall on South American rainfall

Russian export tax supports U.S. wheat; corn follows soybeans

Chicago | Reuters — Chicago soybean futures slid on Tuesday as rain across South America strengthened crop prospects and bolstered the global supply outlook, traders said. Corn followed soybeans lower, but was supported by strong export demand and possible export limits in Ukraine. Wheat futures fell slightly, but were bolstered by an export tax in

A photo taken Dec. 4 illustrates drought-affected crops in the Argentine province of Corrientes. The region is in the grip of the most intense drought in nearly 20 years.

Dry weather hits Argentine crops, soy markets in rationing mode

Weather woes and accelerating purchases by big buyers like China are boosting the market

Grains powerhouse Argentina is suffering a rainfall deficit of 150 to 300 millimetres with forecasts promising less moisture than necessary to fully refresh parched soy and cornfields, weather experts said recently as worry persisted about yield losses. Months of hot, dry weather have put the country’s two main cash crops at risk. Argentina is the


“Soils, wherever you are on the planet, were never formed with monocultures.” – Blake Vince.

This farmer sees cover crop benefits

It’s not just about the environment; it’s also about the bottom line

Farmer Blake Vince says he’s seen both benefits and challenges as he’s made cover crops part of his operation near London, Ont. At November’s Farm Forum Event virtual conference, he appeared by way of a pre-recorded presentation done weeks earlier at his no-till farm. Standing in the middle of a cover crop that was planted

China’s 2020 corn, wheat imports reach record highs

Beijing | Reuters — China’s grains imports soared to record highs in 2020, customs data showed on Monday, after tight domestic corn supplies pushed prices to multi-year peaks, driving demand for cheaper imports. China, the world’s top agricultural market, bought a record 11.3 million tonnes of imported corn last year, including 2.25 million tonnes in

Funds’ net long position edges lower in canola

Net long increased in MGEX and K.C. wheats

MarketsFarm — Funds’ large net long position in canola narrowed slightly during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed-money fund traders as of Tuesday were holding a net long position in ICE Futures canola of 51,614 contracts, down by about


Trump administration mulls industry-wide biofuel waiver

Comment period would end after Trump's exit

New York | Reuters — The Trump administration is considering requests from the oil refining industry and its backers for a sweeping nationwide waiver to exempt them from their obligations to blend biofuels, a measure they argue would help them weather the economic impact of the coronavirus pandemic. U.S. President Donald Trump’s Environmental Protection Agency

U.S. grains: Wheat rises on Russian export tax plan

Corn, soybeans fall on profit-taking

Chicago | Reuters — U.S. wheat futures rose on Friday, supported by Russia’s plan to double its tax on exports of the grain, while corn and soybeans fell as traders took money out of the market following their surge to multi-year highs earlier in the week. Wheat traded both sides of unchanged, ending in positive

Cattle producers finally get a little help from Mother Nature, in the form of a mild winter.

Livestock sector benefiting from mild winter weather

Producers entered the fall worrying about feed supplies, that are now stretching further

As Manitoba basks in a startlingly mild winter, the province’s graziers are catching a long-overdue break. After successive years of poor pasture, extended feeding seasons and disappointing hay harvests, the mild weather has put a cap on their herds’ feed needs. That’s helping them make the most of what they have, producers and industry watchers



U.S. grains: Soybeans, corn, wheat rally

Futures up, but below recent peaks

Chicago | Reuters — U.S. soybean futures rose 1.7 per cent on Thursday, underpinned by the strong demand highlighted in the U.S. Agriculture Department’s monthly supply and demand report on Tuesday, traders said. Corn futures also rallied, with the market receiving a boost after the U.S. Environmental Protection Agency said it would not rule on