GFM Network News

India soybean production said to be lower

Production of the 2020-21 kharif (fall harvest) soybean crop in India should be lower, according to a United States Department of Agriculture (USDA) attaché report. The fall is the only time India harvests soybeans. The attachés, Amit Aradhey and Mariano Beillard, proposed several changes to the official USDA numbers from October including a 10.7 per

Employees working at cargo ship Kypros Land which is loading soybeans to China at Tiplam terminal in Santos, Brazil, March 13, 2017.

Canola futures pressured following month of gains

Canola contracts on ICE Futures were due for a pullback during the week ended Nov. 26, after gaining about $50 throughout the month. Canola prices started the week at $584.10 per tonne, with the January contract gaining over $7 per tonne. After making significant gains during November, market participants expected canola to pull back and

A worker inspects soybeans during the soy harvest near the town of Campos Lindos, Brazil February 18, 2018.

U.S. farmers celebrate soy price surge as Brazil misses out

The Latin America powerhouse missed the upward surge by selling earlier to lock in prices

U.S. farmers sold freshly harvested soybeans directly off their combines for a profit as prices rose to a four-year high this autumn, a welcome change from the losses suffered during the U.S.-China trade war. Strong exports to China as the world’s top soybean importer emerged from lockdown helped push the most active soybean futures contract at the Chicago Board of

A Chinese ship is loaded with soybeans at Port of Santos May 19, 2015.

Domestic and export demand support canola

Guided by bullish chart signals, speculators are adding to their long positions

ICE canola futures kept climbing during the week ended Nov. 20, hitting multi-year highs and showing no signs of slowing the uptrend. Aside from a brief blip on the charts in 2017, when the July contract was expiring, the nearby canola market has not traded above $550 per tonne for any extended period of time since 2013. January canola first settled

Unusually warm temperatures for this time in November have kept farmers’ attention off selling their crops, in turn pushing canola prices higher.

Canola gets bounce off soybeans’ gains

Uncertainty also continues over U.S. soybean acreage

ICE Futures canola made significant gains during the week ended Nov. 5, after starting the week in the red. Canola prices started the week at $534.90 per tonne, with the January contract losing over $7 per tonne. However, unseasonably balmy weather and support from comparable vegetable oils gave prices a much-needed boost throughout the week, and the January

Despite its continuing challenges in the Chinese market, overall export traffic in Canadian canola is way up from last year at this time.

‘Strange little rally’ benefits Prairie farmers

Canola values got a boost from traders covering their shorts

It’s rather rare to see canola show a good measure of independent strength, but that happened this month. Contracts reached highs that haven’t been seen in a number of years. For example, the price of ICE Futures’ January canola contract had climbed almost $30 per tonne since the end of September alone. That was preceded

Understanding basis one of the basics of grain marketing

This measure of local demand for grain in the handling system can help your marketing plans

What’s the basis for your basis decisions? Basis pricing doesn’t get as much attention as it should but is such an important, but often overlooked or misunderstood, piece of the grain-marketing puzzle. While many farmers do pay close attention to basis, others don’t. I initially looked at basis in this column a couple of years ago and

Canola values rangebound following recent gains

U.S. soybean futures have recently tested contract highs

ICE canola futures have steadied, following considerable gains since mid-August, and remained largely rangebound during the week ended Thursday, Oct. 15. Canola prices started the week at $525.30 per tonne, with the November contract losing $2 per tonne on Tuesday. Trade activity was choppy for the rest of the week, and the November contract closed

Now that this year’s crop is largely in hand, it’s time to revisit your marketing plan.

Take stock of your grain marketing plan now

Now’s the time to reassess target prices and other aspects of your efforts

With the harvest wrapping up, many producers are starting to seriously think about how to make the most of things while marketing their crop. The good news is that, generally speaking, prices are looking good, Bruce Burnett, Glacier FarmMedia’s director of markets and weather information, said. “This year the market fundamentals — depending on commodity — have been