GFM Network News


U.S. grains: Corn, wheat up as weather, currency spark short-covering

Hong Kong row tempers hopes of China demand for U.S. soy

Chicago | Reuters — U.S. corn futures jumped on Thursday to a five-week high as a weaker dollar, forecasts for hotter, drier weather in the Midwest corn belt and a further rebound in ethanol production triggered bargain buying and short-covering by managed funds. Wheat futures also rallied on expanding dryness across the Plains wheat belt

Manitoba’s Agriculture Department reported seeding at about 42 per cent complete at the end of the second week of May, down from the three-year average of about 55 per cent.

Canola futures run up into resistance

Canola’s downturn likely followed declines in CBOT soybeans and soyoil

After grinding higher for most of the past month, the ICE Futures canola market ran into resistance and took back a large portion of those gains during the week ended May 22. The July contract traded just below resistance around the 100-day moving average, near $475 per tonne, for a number of days before finally


U.S. grains: Soybeans firm on slowed planting progress

Wheat rangebound as Northern Hemisphere weather watched

Chicago | Reuters — U.S. soybean futures firmed on Wednesday as a slowdown in plantings in the Midwest and forecasts for more disruptive weather lifted prices to two-week highs, although technical selling kept a lid on gains. Corn also edged higher after the U.S. Department of Agriculture (USDA) reported slower-than-anticipated planting in a weekly crop

U.S. grains: Soybeans firm on China demand, economic optimism

Equities rally as economies reopen, dollar eases

Chicago | Reuters — U.S. corn futures firmed and soybeans posted their strongest advance in a month on Tuesday as rising equities and energy markets and a weakening U.S. dollar triggered short-covering in commodities battered by the coronavirus pandemic. Wheat followed corn and soy higher but reversed course amid forecasts for crop-boosting rains in rival

Fair weather sees seeded cereal, canola crops quickly emerge

Manitoba Crop Report and Crop Weather report for May 26

Southwest Region Most of the southwest region received rainfall during past week and on the weekend. Thundershowers in some areas brought a significant rainfall in short period of time. Amounts are varied and can be viewed here. Some areas close to Boissevain and southeast parts of the region toward Killarney, already dealing with surplus moisture,


U.S. grains: Wheat, soybean futures fall with export prospects

Corn edges up ahead of Memorial Day

Chicago | Reuters — U.S. wheat futures fell after three straight days of gains on Friday as a firmer dollar disadvantaged the crop in the export market and a forecast for rain promised much-needed relief to dry soils in the U.S. Plains, traders said. Soybean markets also sagged on concerns about export demand, with sales

U.S. grains: Soybeans, corn fall

Wheat firms on crop concerns; Russia cuts crop outlook

Chicago | Reuters — U.S. soybean futures sank 1.4 per cent to a two-week low on Thursday, pressured by concerns about falling export demand from the world’s top soy importer due to rising tensions between Beijing and Washington, traders said. “It does not take much,” said Mark Schultz, chief market analyst at Northstar Commodity. “You

U.S. grains: Wheat rallies on Black Sea dryness

Corn eases after three days' gains, soybeans climb

Chicago | Reuters — Chicago wheat futures gained on Wednesday as dryness in Russia and a weak crop outlook on the U.S. Plains lifted the market. Soybeans lifted as the Brazilian currency gained against the U.S. dollar, renewing hopes of buying by China, while corn was flat as demand gains in ethanol and animal feed


Slow germination expected to hasten with warm weather

Manitoba Crop Report and Crop Weather report for May 19

Southwest Region The week began with rains across the region in the amounts of 2 to 15 mm. Killarney, Waskada, and Alexander receiving the most. Soil surface drying conditions later in the week allowed producers to accelerate the seeding activities despite overnight lows still reaching -10°C. The majority of spring harvest is done and producers