GFM Network News

Pulse weekly outlook: India pulse estimates improve

MarketsFarm — Conditions are still not looking good for India’s kharif (summer) production, and in particular for pulse crops. Excessive monsoon rains, followed by above-average post-monsoon rains, have hurt production, according to a report. The excessive rains resulted in flooding in 13 states in India and the National Bulk Handling Corp. (NBHC) estimated Monday that

U.S. WASDE and Phase 1 deal to set tone for 2020

Expect North Dakota’s halted harvest to show up this week in USDA’s estimates

As the next supply-and-demand report from the U.S. Department of Agriculture (USDA) is scheduled to be released Jan. 10, traders in commodities markets will spend the next several days positioning themselves. The monthly world agriculture supply-and-demand estimates (WASDE) can set the tone in the markets for the next while, depending on its data. The belief

Argentine soybeans facing tax increases

MarketsFarm — Not many major divergences can be seen between the U.S. Department of Agriculture’s data (USDA) on Argentina’s soybean crop and data from the department’s attaché in Buenos Aires. What may bring changes to the country’s soybean industry are tax increases imposed by the new federal government, according to Benjamin Boroughs, the USDA attaché.

After a tough year for cattle producers, optimism for 2020

Stronger demand, lower supply expected to buoy market

There’s good reason to be more optimistic in 2020 than in 2019 in the Manitoba cattle market, according to Rick Wright of Heartland Buying Order Company. Wright expects to see stronger demand for cattle in the spring coupled with a shorter supply. “A better spring in 2020 than we had in the previous year. Past