GFM Network News





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

Strategie Grains raises EU 2021-22 wheat crop, export forecasts

Consultancy Strategie Grains has raised its monthly forecast for the 2021 soft wheat harvest and exports from the European Union next season due to improved competitiveness on the world market but lowered them for the current season. It also lifted its EU 2021 barley and maize crop outlook, supported by good weather conditions. “Since last



CBOT July 2021 soybeans (candlesticks) with CME July 2021 crude palm oil and ICE July 2021 canola (green and yellow lines, left column). (Barchart)

U.S. grains: Soybeans down with vegetable oil prices

Chicago July corn, wheat up

Chicago | Reuters — U.S. soybean futures fell on Wednesday to their lowest level in nearly two months, pressured by a retreat in global vegetable oil prices from multi-year highs, analysts said. Corn and wheat futures ended mixed, with the nearby July corn and wheat contracts closing higher, while back months declined. Chicago Board of

EU wheat eases as U.S. crop conditions cool corn rally

Euronext wheat reversed from a two-week high to end lower on June 3 as better-than-expected conditions for U.S. corn crops tempered weather worries that had sparked a grain rally in the previous session. Forecasts of hot, dry weather in North America in the next two weeks, along with reduced estimates of Brazil’s upcoming corn harvest,

Rainfall offers reprieve for crops, severe flea beetle pressure continues

Manitoba Crop Report and Crop Weather report for June 15

Southwest Region A much-needed rain fell across the Southwest this past week. Rainfall accumulation in the region was between 45 mm to 115 mm. Rain fell over several hours, allowing opportunity to soak in. Some runoff was available to replenish dugouts and sloughs. There are some reports of standing waters in low- lying areas and


CBOT July 2021 soybeans (candlesticks) with 20- and 100-day moving averages (green and black lines) and ICE November 2021 canola (yellow line, left column). (Barchart)

U.S. grains: Soy eases on improved weather view

Chicago corn mixed, wheat down

Chicago | Reuters — U.S. soybean futures fell on Tuesday on an improved weather outlook for the Midwest crop belt, analysts said. The forecasts for cooler and wetter conditions later this month also pressured new-crop corn futures on the Chicago Board of Trade (CBOT), although front-month July gained against back months on spreads, reflecting tight