GFM Network News


(Photo courtesy Canada Beef Inc.)

Feed weekly outlook: Rising costs cut into cattle profits

Reading Time: < 1 minute MarketsFarm — Strong demand for beef has kept fed cattle prices in Western Canada well supported, but high feed grain prices continue to cut into profits in the feeder sector, according to CanFax analyst Brian Perillat. Fed cattle prices have rallied for most of 2021, he said, “so feedlots, after losing money for two to […] Read more

(JJ Gouin/iStock/Getty Images)

IGC expects larger world grain crop but tighter stocks

Reading Time: < 1 minute MarketsFarm — World grain production is forecast to hit a new record in 2021-22, but increasing demand should still cause ending stocks to tighten to their lowest level in seven years, according to updated projections from the International Grains Council. Total grain production — which includes wheat, corn and other coarse grains — is forecast […] Read more


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

CBOT weekly outlook: Soy, corn watching weather

Reading Time: < 1 minute MarketsFarm — Corn and soybean futures at the Chicago Board of Trade have moved off of highs hit earlier in May as good planting conditions in the U.S. Midwest weighed on values. “We’re pretty much in a weather market right now,” Scott Capinegro of Barrington Commodity Brokers in Illinois said. He expected solid prices for […] Read more

File photo of a green soybean crop south of Winnipeg. (Dougall_Photography/iStock/Getty Images)

Canada’s soybean, corn acres projected to rise

StatsCan's estimates see Ontario, Quebec, Manitoba planting more

Reading Time: < 1 minute Statistics Canada’s first read of farmers’ intentions for the 2021 growing season shows more Canadian acres going into both soybeans and corn. Farmers nationwide anticipate planting 5.3 million acres to soy in 2021, up 5.5 per cent from 2020, StatsCan said in its field crop survey released Tuesday. “An increase in anticipated (soy) area is […] Read more


A barley crop south of Ethelton, Sask. on July 30, 2019. (Dave Bedard photo)

Feed weekly outlook: Prairie grains firm, watching new-crop weather

U.S. corn values supportive

Reading Time: < 1 minute MarketsFarm — Tight barley supplies in Western Canada continue to keep the feed market underpinned, with gains in the U.S. corn market also providing support to grain markets in general. “We’re starting to see a bit of an early weather market in the U.S.,” Allen Pirness of Market Place Commodities in Lethbridge said. Rising corn […] Read more

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CBOT weekly outlook: Tight old-crop supplies keep soy, corn strong

Reading Time: < 1 minute MarketsFarm — Soybean and corn futures at the Chicago Board of Trade posted solid gains during the week ended Wednesday, with the widening inverted spread between old-crop contracts and new-crop months a feature. “Commercials are buying any dips they can,” Sean Lusk of Walsh Trading said of the market. With the nearby months trading at […] Read more


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

CBOT weekly outlook: USDA acreage numbers provide bullish spark for corn, soy

Reading Time: < 1 minute MarketsFarm — Much-anticipated acreage estimates from the U.S. Department of Agriculture, on Wednesday provided a bullish boost to Chicago Board of Trade (CBOT) soybean and corn markets, with planting intentions for both crops coming in well below trade expectations. Corn futures were up by their 25 cents per bushel daily limit in reaction to USDA’s […] Read more

A cornfield in Mexico’s Chihuahua state. (Undefined undefined/iStock/Getty Images)

Mexico’s ban on GMO corn imports won’t apply to feed, U.S. says

Reading Time: 2 minutes Chicago | Reuters — U.S. Agriculture Secretary Tom Vilsack said on Friday that a Mexican plan to ban imports of genetically modified (GMO) corn would apply to grain used for human food products, not livestock feed, based on recent talks he had with Mexican Agriculture Secretary Victor Villalobos Arambula. Vilsack said limiting the ban to […] Read more


For silage, breeders want as much total plant with a moist kernel and which stays green as long as possible.

Choosing corn hybrids specifically for silage

Leafy floury hybrids are more digestible in the silo and in the rumen

Reading Time: 5 minutes Producers know that feeding high-quality silage can improve weight gain in beef cattle and increase milk production in dairy cows. So it makes sense to consider growing a corn hybrid bred specifically for silage rather than grain. Francis Glenn, a corn breeder and president of Glenn Seed in Ontario, saw the opportunity for silage-specific corn […] Read more