GFM Network News


CBOT July 2021 corn (candlesticks) with 20-day moving average (yellow line) and December 2021 corn (orange high/low/close). (Barchart)

U.S. grains: Corn sinks to one-month low on weather, technical selling

Soybeans, wheat follow corn lower

Chicago | Reuters — U.S. corn futures tumbled to a one-month low on Tuesday as timely spring planting and beneficial rains across most of the Midwest boosted crop prospects. Losses accelerated as corn prices fell below recent lows and breached other technical chart support levels. Soybeans and wheat also dropped on stronger harvest prospects as

(Dave Bedard photo)

Dry weather may cut into Canadian crop prospects, AAFC says

MarketsFarm — Dry weather conditions across Western Canada could cut into production prospects in the region, according to updated supply/demand tables released Thursday by Agriculture and Agri-Food Canada. “Extremely dry conditions prevail in large parts of Western Canada, allowing for rapid seeding progress which is trending ahead of normal; however, timely precipitation this spring and


(File photo by Dave Bedard)

Net long position in canola edging down

Net long increases in Chicago, K.C. wheat

MarketsFarm — The managed money net long position in canola has edged down over the past few months, hitting its lowest level since August 2020 in the latest Commitment of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Tuesday, managed money fund traders were holding a net long position in ICE

CBOT July 2021 wheat (candlesticks) with MGEX July 2021 wheat (orange open/high/low/close) and K.C. July 2021 wheat (yellow OHLC). (Barchart)

U.S. grains: Wheat hits one-month low, soybeans three-week low

Chicago corn down on profit-taking

Chicago | Reuters — U.S. wheat futures fell on Friday, touching a one-month low on improving prospects for the crop in the U.S. Plains, traders said. Corn futures fell on a round of profit-taking after rising in three of the previous four sessions. Soybeans also closed lower, with concerns about demand outweighing a bargain-buying attempt

CBOT July 2021 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange, green lines) and MGEX July 2021 wheat (black line). (Barchart)

U.S. grains: Wheat, soybeans plunge on fund selling

Chicago July corn flat

Chicago | Reuters — U.S. soybean and wheat futures fell more than two per cent on Wednesday, with traders noting selling by investment funds as commodity contracts tumbled through key technical support points. The most-active corn futures ended unchanged, steadying after trading in negative territory for much of the session. Deferred contracts were slightly lower.



CBOT July 2021 corn with Bollinger (20,2) bands. (Barchart)

U.S. grains: Corn limit-down on profit-taking, bearish USDA data

Chicago soybeans, wheat follow

Chicago | Reuters — U.S. corn futures fell more than five per cent on Thursday on profit-taking after recent multi-year highs and follow-through selling, a day after the U.S. Department of Agriculture forecast larger-than-expected domestic stocks, analysts said. Soybean and wheat futures fell sharply, also retreating from multi-year highs. “Today is all about a long

If canola continues to disappear at its current rate, we would wind up with available supplies of negative half a million tonnes by the time a new crop is ready.

Canola values try to ration demand as stocks tighten

Chicago soy and corn are running at eight-year-plus highs

The ICE Futures canola market continued its meteoric rise during the first trading week of May, as the ongoing story of tight supplies remained supportive. Statistics Canada confirmed the tightening supply situation with its latest stocks report, released May 7. Total canola supplies in the country as of March 31 were pegged at only 6.6


(iStock/Getty Images Plus)

USDA expects record world wheat crop in 2021-22

MarketsFarm — The latest U.S. forecast puts world wheat production at a new record in 2021-22, with bigger crops in a number of countries more than offsetting expected decreases in Canada and Australia. According to the first outlook for the marketing year from the U.S. Department of Agriculture, total world wheat production for 2021-22 is

French cereal crop ratings fall sharply after dry, cold spell

The condition of French wheat and barley declined sharply in the week to April 26, data from farm office FranceAgriMer showed on Friday, suggesting a growing impact from dry, cold weather this month. Most crops nonetheless remained in good shape and above year-earlier levels, the data showed. A dry spring so far in much of