GFM Network News


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

U.S. grains: Corn eases after WASDE report

Wheat futures firm on tight stocks; soybeans fall on South American production

Chicago | Reuters — Chicago corn ended lower on Friday after the U.S. Department of Agriculture assessed global supply and demand within analyst estimates. Wheat strengthened as global supply shrank on Chinese feed consumption, while soybeans eased on larger stocks in South America. The most active corn contract on the Chicago Board of Trade ended

Percentage of average precipitation in Western Canada for the 90 days ending April 5, 2021. (Agriculture and Agri-Food Canada map)

Manitoba forage, grassland growers burned by drought

MarketsFarm — An ongoing lack of precipitation, which is showing no signs of letting up in the coming months according to weather forecasts, is already causing problems for Manitoba’s forage and grasslands. Growers in the province have had to deal with three straight years with lower-than-normal precipitation. In 2019, multiple rural municipalities in Manitoba’s Parkland



(GZKele/iStock/Getty Images)

Sunflower seed market falls back to Earth

MarketsFarm — Sunflower growers in Canada took off a bumper crop in 2020, almost hitting the 100,000-tonne mark for the first time since 2010. The forecast for this year’s crop isn’t as sunny. Agriculture and Agri-Food Canada’s latest outlook, released earlier this month, predicts the national sunflower seed crop in 2021 at 75,000 tonnes off

One Canada Square (tower at centre) houses the London head office of the International Grains Council. (Iliffd/iStock/Getty Images)

Few alterations seen in new global supply/demand report

IGC expecting more corn grown this year

MarketsFarm — There were few notable changes in the latest monthly supply-and-demand report from the International Grains Council (IGC) on Thursday. One of the more significant alterations was its 1.42 per cent increase to total global production from that in 2019-20, at nearly 2.216 billion tonnes. It also raises its estimate for this marketing year’s




A promotional photo of Ford’s 2021 F-150 Raptor. (Media.ford.com)

Ford cuts output of F-150s due to semiconductor shortage

U.S. firm among manufacturers caught off guard

Washington | Reuters — Ford Motor Co. said Thursday it is cutting shifts at two U.S. plants that build its highly profitable flagship F-150 pickup trucks starting next week due to a global shortage of semiconductor chips, raising fears the problem could be worsening. The No. 2 U.S. automaker said it will run one of



(Greg Berg photo)

Oat prices running out of upside

MarketsFarm — Oat prices in Western Canada have shown some strength over the past year, but competition from other crops will likely lead to an acreage reduction this spring despite the firm prices, according to market participants. Ryan McKnight, from Linear Grain at Carman, Man., had seen prices for the crop rise last fall, but