GFM Network News


Minneapolis (MGEX) December 2021 wheat (candlesticks) with Bollinger bands (20,2). (Barchart)

Prairie cash wheat: CWRS bids up with U.S. futures

However, a strong loonie applies pressure

MarketsFarm — Minneapolis spring wheat futures climbed to contract highs during the week ended Thursday, which provided spillover support for Canadian cash bids. However, strength in the Canadian dollar was a bearish influence, tempering the upside in the cash market. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by



CBOT November 2021 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. grains: Soybeans, corn weak, awaiting export news

December MGEX wheat up, CBOT wheat down

Chicago | Reuters — Chicago Board of Trade soybean futures weakened on Friday, giving up gains made overnight on a lack of export news despite top buyer China returning to the market after a week-long holiday, traders said. Corn futures followed a similar trajectory and closed near session lows as investors waited for the U.S.

CBOT November 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, light green and black lines). (Barchart)

U.S. grains: Soybean, corn futures rise

Chicago winter wheat futures weak

Chicago | Reuters — Chicago Board of Trade soybean futures rose on Thursday, supported by signs of strong exports as more recently harvested supplies became available, traders said. Corn futures were firm, with investors staking out positions ahead of a key government report that will update the forecast for U.S. production. Winter wheat futures were

Manitoba harvest 95 per cent complete, soils remain dry

Manitoba Crop Report and Crop Weather report for October 5

Southwest Region Temperatures have been variable, with daytime highs ranging from 27 to 32 C. Overnight lows dropped to as low as 5.0 to -0.5 C, with no severe frost reports. Average daily temperatures range from 14 C to 16 C. Forecast looks promising for the remainder of harvest. Above normal temperatures are making harvest


(Thinkstock photo)

Prairie cash wheat: Bids mixed as harvest comes to close

U.S. December wheat futures up on week

MarketsFarm — The spring wheat harvest coming to a close in the Prairie provinces and cuts in production estimates south of the border have caused mixed bids in Western Canada for the week ended Thursday. All three Prairie provinces have either completed or have nearly completed spring wheat combining, bringing harvest pressure to prices. Meanwhile,

CBOT December 2021 wheat (candlesticks) with 20-day moving average (yellow line) and MGEX December 2021 spring wheat (dark green line, left column). (Barchart)

U.S. grains: Wheat extends climb on tight U.S. supply

CBOT soy down; corn and oats up

Chicago | Reuters — U.S. wheat futures hit a six-week high on Friday, rallying for a second day in a row on smaller-than-expected stocks and production figures from the U.S. Department of Agriculture. Corn futures followed wheat higher while soybeans fell to multi-month lows after USDA on Thursday reported larger-than-expected U.S. soy inventories. Chicago Board



Prices are high, but production is down. For farmers who signed forward pricing contracts that’s a difficult position. A different strategy might have given them the same protection with less risk.

Avoiding the grain contract blues

Delivery contracts aren’t the only game in town when it comes to managing price risk

The old saying goes “you’ll never go broke selling crops for a profit,” — but you could be in a financial pickle if you don’t deliver what you sold. That hard financial reality has put the long tradition of forward pricing contracts under the microscope this year. It’s prompting questions about the responsibility farmers and

Manitoba crops 90 per cent harvested, winter cereals seeding mostly complete

Manitoba Crop Report and Crop Weather report for September 28

Southwest Region Very warm days, well above seasonal norms advanced harvest rapidly this week. Temperatures were extremely variable, with daytime highs ranging from the 25 C to 29 C, while overnight lows dipped to 3.5 C, with reports of frost in some northern areas. Average daily temperatures range from 11 C to 14 C. Dry