GFM Network News


U.S. grains: Soybeans sink on South American rains, slowing demand

Wheat pressured by bumper crops in Australia, Canada

Chicago | Reuters — U.S. soybean futures fell for a third straight session on Tuesday on slowing export demand and as forecasts for more rain in South American crop areas tempered concerns about tightening supplies. Corn and wheat followed soybeans lower, pressured by improved South American crop prospects and a firmer U.S. dollar. Grain prices

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


High food prices hurting India’s poor

Inflation pain expected to persist for months yet

New Delhi | Reuters — India’s retail inflation may stay elevated for at least three more months after hitting a six-year high in October, as excess rain has damaged standing crops and seedlings, while edible oils that the country imports have become expensive. The high prices are a particular cause of concern for India’s hundreds

U.S. grains: Corn, wheat hit two-week lows on COVID-19 fears

Commodity selling continues dragging on grains, analysts say

Chicago | Reuters — U.S. grain futures extended losses on Thursday, with corn and wheat hitting two-week lows as concerns over the COVID-19 pandemic’s economic impact weighed on prices. Improving global crop weather added pressure on prices, with rains benefiting dry wheat-growing areas in the U.S. and Russia and soybean-producing regions of Brazil, traders said.

U.S. grains: Crop prices slide as pandemic concerns rattle markets

Traders await U.S. export sales data Thursday

Chicago | Reuters — U.S. grain and soybean futures fell on Wednesday as part of a broad sell-off in markets fueled by concerns about the economic impact of a global surge in COVID-19 cases, traders said. Losses in agricultural futures pulled corn prices back from a 14-month high reached on Tuesday and soybean prices down


U.S. grains: Crop expectations spark sell-off in corn, soy futures

Bleak export prospects sink CBOT wheat

Chicago | Reuters –– U.S. corn and soybean futures posted sharp declines on Tuesday, with the market focused on expectations for bumper yields across the U.S. Midwest this fall due to forecasts for rain in key growing areas, traders said. On a continuous basis, corn futures dropped to their lowest level since June 29 while

Fields north of Brandon still show significant standing water and the first hints of crop damage a week after rainfalls that locals counted in the inches.

Sky high demand for aerial sprayers after flood

A significant number of producers were calling in air strikes after 200 millimetres of rain kept their own sprayers out of the field

The same storms that put parts of Westman underwater early this month also had aerial applicators scrambling to keep up with demand. Planes from Westman Aerial Spraying had little downtime in early July. Barry Cooper, business to business operations manager with Heritage Co-op, says they have seen more demand than there are planes available to

Animals at Minnedosa's Bison Park are gathered in front of their now-flooded pasture July 1.

PHOTOS: More rain en route as water damage continues

Southern Manitoba can expect another five to seven days of “widespread precipitation” and “occasional heavy thunderstorms” with the potential for more overland flooding, the provincial lood forecasting agency said Friday. Storms could develop over most southern, southwestern and southeastern Manitoba watersheds during that period, bringing up to 100 millimetres of “heavy localized” rain, the provincial


ICE weekly outlook: Canola stronger after Canada Day

MarketsFarm — Canola contracts have made small gains this week after pausing on Wednesday for Canada Day. As the July canola contract has expired, attention turns to new-crop contracts. Areas of the Prairies have received significant rain lately, with flood warnings and high water advisories across southwestern and western Manitoba after several consecutive storms. It’s

Water flows across what, a few days ago, was Dan Lepp’s pasture along the Little Saskatchewan River. PHOTO: DAN LEPP

Dozens evacuated as floodwaters test Rivers dam

WEATHER: Residents downstream of Rivers, Man., are holding their breath as they wait to see if the dam, which holds back Lake Wahtopanah, will hold

Dan Lepp had gotten little rest by the time he drove away from his family’s mixed farm near Rivers the morning of July 2. Lepp, who farms downstream of the Rivers dam on the Little Saskatchewan River, was among dozens of residents in the Municipalities of Riverdale and Whitehead told to evacuate late last night