GFM Network News



U.S. grains: Corn, soybean futures ease

Chicago | Reuters –– Chicago Board of Trade (CBOT) corn and soybean futures closed lower on Friday, as weather forecasts showed fewer yield risks to Midwest crops ahead of harvesting, as traders jockeyed for positioning ahead of a U.S. grain stocks report slated for Monday, traders said. Meanwhile, CBOT wheat futures extended a technical bounce


Wet harvests hurt U.S., Canadian spring wheat quality

Chicago | Reuters — Excessively wet conditions in the northern U.S. Plains and Canadian Prairies have hurt the quality of the region’s spring and durum wheat crops, potentially tightening supplies of top grades of the grains, handlers and agronomists said. Rains and heavy dew have slowed the harvest and, worse, caused mature, un-harvested wheat kernels

ICE weekly outlook: Canola breaks out of week-long funk

MarketsFarm — It’s unclear yet what effect Thursday’s satellite field crop estimates from Statistics Canada will have on markets. Canola broke out of a six-day funk Wednesday, trending just slightly higher for the first time since Wednesday last week. Technical biases remain to the downside, as prices hover around contract lows. “There are a lot



Prairie drought reaches tipping point

MarketsFarm — The Prairie provinces have been under the influence of a large ridge of high pressure for a number of weeks, which has produced prolonged dryness with little precipitation. That high pressure system has pushed low-pressure, precipitation-carrying systems to the south, where the U.S. Midwest has already received significant rain. Environment Canada estimated the

Sunflowers doing well despite drought

MarketsFarm — Though many producers bemoan current drier-than-normal springtime conditions across the Prairies, sunflower crops are primed for a good year. “As long as there’s enough moisture to germinate, they immediately grow a really deep root system,” said Ben Friesen of Scoular Canada. While Statistics Canada estimated the 2019 sunflower acreage to remain pretty much

Prairies can expect unexpected from El Nino this summer

MarketsFarm — The U.S. National Weather Service Climate Prediction Center on Thursday reported a 65 per cent chance of El Nino prevailing throughout 2019’s growing season. “A weak El Nino is likely to continue through the Northern Hemisphere summer 2019 (65 per cent chance) and possibly fall (50-55 per cent chance),” the CPC’s report said.


Abrupt mid-March shift into spring predicted

Winter conditions are expected to remain the norm across the Canadian Prairies through the middle of March, when a sudden pattern change brings an abrupt start to spring, according to the latest seasonal forecast from The Weather Network. The quick move from cold to warm conditions raises the risk of flooding in areas with a

Ready, set go! Harvest reprieve hits Prairies

CNS Canada — Prairie farmers struggling to get crops off fields under wet, cold conditions are about to get a reprieve — if they haven’t seen warmer weather already in their area. Natalie Hasell, a weather preparedness meteorologist for Environment Canada in Winnipeg, said most regions of British Columbia, Alberta, and southern and central Saskatchewan