GFM Network News


CBOT March 2021 corn with 20-, 50- and 100-day moving averages. (Barchart)

CBOT weekly outlook: Markets could go higher after U.S. Thanksgiving

Ethanol data show demand for corn

MarketsFarm — Just ahead of the Thanksgiving holiday in the United States, the Chicago Board of Trade was pulling back a little, generating double-digit losses in most wheat contracts, while corn and soybeans were down by smaller amounts. However, from Steve Georgy, president of Allendale Inc. at Fort McHenry, Ill., sits, the trend after Thanksgiving

CBOT November 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: China tensions cap soybeans’ gains

Corn prices up slightly on trade optimism; wheat falls back slightly

Chicago | Reuters — U.S. soybean futures climbed on Thursday, boosted by demand from China, although escalating tensions between Beijing and Washington capped gains. Corn edged higher as optimism over possible continued buying from China offset strong crop conditions. Wheat scaled back on technical selling. The most-active soybean contract on the Chicago Board Of Trade


ICE November 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Canola mixed at midweek

MarketsFarm — Canola contracts have stayed locked in a pattern for the past few trading sessions, with the July contract posting small gains and new crop year contracts showing losses. That’s mainly due to traders positioning ahead of July’s expiry date. “It’s not uncommon for the July expiry to see some spreads swing around,” said

CBOT July 2020 corn with 20- and 50-day moving averages. (Barchart)

U.S. grains: Corn drops to three-week low

Soybeans ease despite crop rating fall as China news weighed

Chicago | Reuters — U.S. corn futures fell for a second straight session on Tuesday and touched a three-week low on an unexpected rise in government crop condition ratings and favorable U.S. Midwest weather that was seen bolstering the recently planted crop. Soybean prices also eased, despite a decline in the U.S. Department of Agriculture’s

CBOT July 2020 corn with Bollinger (20,2) bands. (Barchart)

U.S. grains: Corn falls on good crop weather

Chinese demand for U.S. farm products underpinning markets

Chicago | Reuters — U.S. corn futures declined for the first time in four sessions on Monday as warm weather and scattered rains across a large swath of the Midwest farm belt bolstered development of the recently planted crop. Soybeans were mostly lower as favourable U.S. weather outweighed support from improving demand from top importer


CBOT May 2020 corn with Bollinger (20,2) bands. (Barchart)

U.S. grains: Corn slumps as ethanol production hits decade low

Improved U.S. wheat crop ratings raise expectations of bumper supplies

Chicago | Reuters — Chicago corn futures slumped on Wednesday, giving up part of the previous session’s gains, as the U.S. government reported the U.S. ethanol industry saw a near-decade low in weekly production amid massive stocks. Wheat futures followed in mid-day trading, as investors squared up their positions ahead of Thursday’s world agriculture supply

CBOT December 2019 corn, with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Crop condition rating lifts corn

Chicago | Reuters — U.S. corn futures rebounded on Tuesday from four-month lows struck in the previous session after the U.S. Department of Agriculture said the U.S. crop’s condition unexpectedly declined over the past week. Soybeans followed corn higher despite steady crop condition ratings, as worries about lower yields in the late-developing crop underpinned prices.

(JohnnyMad/Getty Images)

Saskatchewan mustard crop poised for strong finish

MarketsFarm — Mustard crops in southwestern and south-central Saskatchewan may have received enough rain to turn themselves around after a dry spring. “The area south of Highway 1 saw a lot of rain this year,” said Kevin Hursh, executive director of the Saskatchewan Mustard Development Commission. “They’ve seen a huge turnaround in their crop potentials.”


(Photo courtesy Canaryseed Development Commission of Saskatchewan)

Saskatchewan canary seed crops may not recover

MarketsFarm –– Canary seed crop yields may be hampered by dry early summer conditions, and rain that didn’t come quite soon enough. Saskatchewan’s west-central region, home to the lion’s share of the province’s canary seed crops, received very little rain during the spring and early summer. “That area was beyond recovery when the rain finally