GFM Network News


CBOT weekly outlook: Soy trade watching weather, export demand

Reading Time: < 1 minute MarketsFarm — Soybean contracts on the Chicago Board of Trade tested contract highs around US$12 per bushel in overnight trade earlier in the week, but couldn’t maintain those levels due to a lack of support. A technical selloff put pressure on prices on Wednesday, with the nearby January contract closing down by nine cents at […] Read more

October crush numbers up, canola record set

Reading Time: < 1 minute MarketsFarm — Canadian oilseed processors crushed a record amount of canola during October 2020, according to the latest data from Statistics Canada. Increases were reported throughout the canola and soybean crushes when comparing this October with October 2019. October 2020 saw 931,060 tonnes of canola crushed, which bested the previous record of 899,331 tonnes set […] Read more


CBOT weekly outlook: Corn, soy continue rallies

Reading Time: < 1 minute MarketsFarm — Commodities on the Chicago Board of Trade (CBOT) have appreciated a significant rally over the past weeks. Last week’s world agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA) detailed lower-than-expected ending stocks for soybeans, which were bullish for soybean values. “Beans are on a mission right now,” said […] Read more

CBOT weekly outlook: Bullish USDA report sends soy, corn up sharply

Reading Time: < 1 minute MarketsFarm — Soybean and corn yields in the United States ended up much smaller than early expectations, according to updated supply and demand estimates released Tuesday by the U.S. Department of Agriculture. The resulting drop in production and ending stocks has sent futures rallying to new contract highs, with more gains likely. Average U.S. soybean […] Read more


A sight no one wants to see in soybeans: cupping of the leaves caused by dicamba.

U.S. legal system helps weeds win

Luckily, Canadian producers are still outside the reach of the Ninth Circuit Court ruling on dicamba-based herbicides

Reading Time: 5 minutes In farming circles, the term “less-forgiving” has become more than a cliché. It’s now a mirror on reality. Farmers are already dealing with an incredible list of challenges and complexities, including everything from new seed technologies, concerns about land costs, equipment decisions, commodity markets, trade issues… you name it. Now growers in the U.S. must […] Read more

Use of inoculants — even in long-standing soybean fields — is a cost-benefit decision for a grower.

Soybean inoculant a rare find

This innovative inoculant begins with a new bacterial species, then stacks it with another

Reading Time: 3 minutes Soybean inoculants have undergone considerable change in the past 30 years, evolving from non-sterile to sterile formulations in the 1990s and then to an almost complete reliance on the Bradyrhizobium japonicum bacterial species, with other strains added during the first decade of the 2000s, although primarily as nodulating triggers or plant growth-promoting rhizobacterium (PGPR). Now, […] Read more


U.S. EPA approves XtendiMax use for five years

Court ruling had blocked dicamba sales

Reading Time: 2 minutes Chicago | Reuters — The U.S. Environmental Protection Agency will allow farmers for the next five years to spray crops with a Bayer herbicide whose sales were blocked by a U.S. appeals court in June, EPA administrator Andrew Wheeler said Tuesday. XtendiMax, a dicamba-based herbicide that is sprayed on soybeans and cotton genetically engineered to […] Read more

CBOT weekly outlook: After October rally, November ‘is for bears’

Reading Time: < 1 minute MarketsFarm — Commodities on the Chicago Board of Trade (CBOT) have seen a counter-season rally, with a correction expected in the near future. “Markets are definitely overbought,” said Scott Capinegro of Barrington Commodity Brokers in Barrington, Ill. “It’s harvest and we’re still rallying.” World weather conditions are part of the driving force behind the rally, […] Read more


Cream of Wheat maker to buy Crisco line from Smucker

Shortening, cooking oil brand goes to B+G Foods

Reading Time: 2 minutes The U.S. company behind the Crisco brand of cooking oils and shortenings is selling that product line to the maker of Cream of Wheat cereal and Green Giant vegetables. New Jersey-based B+G Foods announced Monday it will buy the Crisco product lines from Ohio-based J.M. Smucker for about US$550 million (C$725.1 million). The sale includes […] Read more

CBOT weekly outlook: Export demand supports wheat, soy

Lower U.S. dollar also supportive

Reading Time: < 1 minute MarketsFarm — Strong global demand, paired with concerns of dry growing conditions in key regions, has spurred U.S. wheat prices higher. “Some countries are getting nervous with the persistent dryness in several regions, which could reduce the supply of quality global wheat,” said Terry Reilly of Futures International in Chicago. Dry growing conditions in Ukraine, […] Read more