GFM Network News


CBOT weekly outlook: Weather wreaks havoc on crops

Reading Time: < 1 minute MarketsFarm — Unusual weather, both in North and South America, has significantly affected commodities this week at the Chicago Board of Trade, according to a broker. A brutal cold snap, extending from northern Canada to the U.S.-Mexico border, has slowed down soybean crushing, halted production at ethanol refineries and raised energy prices in the U.S., […] Read more

CBOT weekly outlook: WASDE unexpectedly bearish for corn

Reading Time: 2 minutes MarketsFarm — Corn prices on the Chicago Board of Trade immediately turned sour after Tuesday’s release of the monthly supply and demand report from the U.S. Department of Agriculture. By the time trading closed for the day, soybeans had recovered from losses incurred shortly after the report’s release to finish in double-digits on the plus […] Read more


CBOT weekly outlook: Corn, soybeans may see seasonal slowdown

However, more upside remains possible

Reading Time: < 1 minute MarketsFarm — Corn and soybean futures at the Chicago Board of Trade, now trading at their highest levels in years, could come under some pressure over the next month, although the longer-range outlook remains strong, according to a broker. Crop insurance levels in the U.S. are based in part off of new-crop futures prices during […] Read more

Triple-herbicide-tolerant soybean set for limited 2021 release

Bayer's XtendFlex soybeans pick up needed approvals

Reading Time: 2 minutes Bayer Crop Science expects to have “a small volume” of its new XtendFlex soybeans in the Canadian seed market for the 2021 growing season. XtendFlex soybeans, whose trait package is stacked with herbicide tolerance for glyphosate and dicamba as well as glufosinate, will be available in Canada for planting this spring, but not in all […] Read more



CBOT weekly outlook: Soy, corn turn bearish

Traders keep an eye on South America

Reading Time: < 1 minute MarketsFarm — Soybean and corn futures backed away from multi-year highs during the week ended Wednesday, as investors took profits and weather conditions showed some improvement in South America. “The technicals are a little bearish for both corn and beans,” said Terry Reilly of Futures International in Chicago. The managed money long position in soybeans, […] Read more


Soybean planting showing leaf injury symptoms caused by a “bleaching” herbicide.

Pest Patrol: Crop injury from herbicide residues more common in 2020

#PestPatrol with Mike Cowbrough, OMAFRA

Reading Time: 4 minutes In 2020, a few farmers observed leaf injury in their soybean crops. The injury caused parts of the leaf to turn white, then yellow (see photo at top). This injury is typically caused by “bleaching” herbicides. It was odd, though, because the bleaching herbicide had been applied to the previous year’s corn crop, and it […] Read more

China to approve further domestic GMO corn, soy crop varieties

Reading Time: 2 minutes Beijing | Reuters — China said on Monday it was set to approve the safety of another genetically modified (GMO) corn variety and a GMO soybean, both produced by Beijing Dabeinong Technology Group Co. Ltd. The move comes after China last year approved three domestically designed GMO crops as safe, the first in a decade, […] Read more


Yu Wang, a post-doctoral researcher (left), and Dr. Stephen Long, professor at University of Illinois, make up part of a team studying the effects of light quality on yield in soybeans.

Bringing soybeans into a more favourable light

Illinois researchers investigate transitory shadows to brighten soybean yields

Reading Time: 4 minutes One phrase often heard when the talk turns to getting more bushels out of a crop is the advice to “control the controllable.” Speakers making presentations use the term as a call for growers to streamline their focus on a select number of management practices. Factors such as planting depth, row width, weed, disease and […] Read more

Most of the soy food products that consumers purchase now can be made from GMO or non-GMO soybeans.

Will more GMO soybeans be planted in 2021?

Market demands for soybeans are changing, as are consumer preferences

Reading Time: 6 minutes Any time there’s an outlook for lower commodity prices, the question comes up: “What would I plant instead?” On many farms, that’s when the non-GMO side of the soybean sector gets a fresh look. But one thing doesn’t change. Planting non-GMO food-grade or identity preserved (IP) still means having to balance the positives and negatives. […] Read more