GFM Network News


MGEX July 2021 spring wheat (candlesticks) with CBOT and K.C. July 2021 winter wheats (yellow and green lines). (Barchart)

CBOT weekly outlook: MGEX wheat spread widens over winter wheats

MarketsFarm — Hot, dry growing conditions in key spring wheat-growing regions of the northern U.S. and Canadian Prairies have seen Minneapolis (MGEX) spring wheat futures widen their spread over Chicago and Kansas City winter wheat contracts over the past few weeks — with additional strength likely given the current weather forecasts. Nearby spring wheat futures,

CBOT December 2021 corn (candlesticks) with MGEX, CBOT and K.C. September 2021 wheats (green, yellow and orange lines). (Barchart)

U.S. grains: Corn, soy fall as Midwest rains seen boosting crop health

CBOT September wheat down, MGEX September wheat up

Chicago | Reuters — Forecasts for rain in the U.S. Midwest pushed corn and soybean futures lower on Tuesday, traders said. New-crop December corn, which tracks the crop that farmers will harvest in the fall, notched the biggest decline. The contract sagged 3.2 per cent as the storms are expected to provide a much-needed boost


Manitoba crops seeing weather stress, alfalfa weevils causing forage yield losses

Manitoba Crop Report and Crop Weather report for June 22

Southwest Region Temperatures became more seasonal last week, ranging from 20 to 30 C during the day, with overnight temperatures in most areas of 6 to 11 C. Crop growth has improved with previous weeks’ moisture, but the heat wave in past week stressed many crops. Neepawa area received 6 to 8 mm rain; all

CBOT July 2021 soybeans (candlesticks) with Bollinger bands (20,2) and November 2021 soybeans (yellow line). (Barchart)

U.S. grains: Soybeans firm on long-term forecast, China demand

Wheat mixed on winter crop harvest, spring wheat drought

Chicago | Reuters — U.S. soybean futures advanced on Monday on renewed buying by China and as concerns lingered about dry conditions in western portions of the Midwest farm belt despite scattered storms over the weekend. Corn futures were mostly lower as rain in the central corn belt boosted crop prospects, while wheat was mixed

CBOT July 2021 corn (candlesticks) with CBOT July 2021 wheat (orange line) and July 2021 soybeans (dark green line, left column). (Barchart)

U.S. grains: Corn, soy, wheat up after sell-off

Some traders feel Thursday's sell-off overdone

Chicago | Reuters — U.S. corn, soybean and wheat futures rose sharply on Friday, rebounding from steep declines a day earlier on bargain-buying ahead of the weekend and uncertainty about weather in the Midwest crop belt, analysts said. Fresh export interest lent support as this week’s break in futures appeared to stimulate demand. Chinese state-owned


Canary seed growers will benefit from greater legal protections due to the changes.

Canary seed being added to Grain Act August 1

The change means farmers delivering canary seed will be covered under the CGC’s payment protection program

Starting Aug. 1, 2021, western Canadian canary seed growers will have the same payment protection as exists for 20 other grains regulated under the Canada Grain Act. The Canadian Grain Commission (CGC), which administers the grain act, announced June 9 canary seed will be added to the act when the new crop year starts. In addition to payment protection,


CBOT July 2021 corn (candlesticks) with MGEX, CBOT and K.C. July 2021 wheat (green, black and orange lines). (Barchart)

U.S. grains: Corn, soy plunge on weather, broad commodities sell-off

CBOT wheat follows trend lower

Chicago | Reuters — U.S. corn and soybean futures fell sharply on Thursday, pressured by outlooks for rain and cooler temperatures in the Midwest crop belt, as well as spillover from broad-based selling in the commodities sector, analysts said. Wheat followed the weaker trend, with seasonal pressure noted from the U.S. winter wheat harvest. Chicago


Parts of southern Manitoba saw up to three inches of much-needed precipitation on June 8-9.

Weather pulling canola prices either way

The Chicago soy complex also provided lift as well as drag

As weather pandered to both sides of the markets this week, there wasn’t much change to canola values. There was something of a balancing act between dry conditions continuing to underpin values and significant rainfall on the Prairies providing pressure. For example, the November contract on June 4 closed at $763.60 per tonne, gaining nearly