GFM Network News

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

Crops struggle to emerge through hardened soils in Manitoba’s clay-soil regions this spring.

Crops look to come from behind after dry start

Soil compaction and soil crusting led to emergence problems earlier this season, although more recent rains have loosened things up and crops are reportedly coming on

On camera, the soil chunk dug up in eastern Manitoba in mid-June might as well have been cement, for all the damage it showed after being hit with a screwdriver. The video, filmed by agronomy consulting service Antara Agronomy and later posted to Twitter, shows a local agronomist attempting to smash and chip a block of compacted seedbed,

U.S. spring wheat May-August precipitation (inches).

Markets watch the weather

Rain makes grain, and it’s one of the most volatile variables for Prairie farms

Price and yield are the two biggest determinants of farm revenue. Using farming software to run simulations and what-if scenarios shows that even a modest change in commodity prices or crop yields can have a big impact on gross margins and the bottom line. This makes sense, given revenues are top line 100-cent dollars. While

Zimbabwe says grain stocks running out after drought

Harare | Reuters — Zimbabwe has only 100,000 tonnes of grain in its strategic reserves, enough to last just over a month, as the southern African nation suffers the effects of a severe drought, according to the agriculture minister. More than half the country’s population faces food shortages after maize harvests halved last year. The

Variable Prairie weather makes for uncertain spring ahead

If nothing else, a rainy harvest season helped replenish topsoil moisture

MarketsFarm — Late-season rains wreaked havoc on the 2019 harvest season but were helpful in restoring topsoil moisture to key growing regions in the Prairies. Since snow coverage has been variable across the Prairies so far in 2020, however, the growing season may get off to a rocky start. “If we take a look at