GFM Network News


Detail on the Chicago Board of Trade building. (Kevinstack22/iStock/Getty Images)

CBOT weekly outlook: Soy, corn strength impressive for time of year

Reading Time: < 1 minute MarketsFarm — Soybean and corn futures at the Chicago Board of Trade have posted solid gains over the week ended Wednesday, recovering after bearish yield and stocks data from the U.S. Department of Agriculture sparked a selloff a week earlier. Terry Reilly of Futures International in Chicago used “pretty impressive” to describe the latest strength […] Read more



(LDC video screengrab via YouTube)

Dreyfus, others shut soy crushers in China on power curbs

'Cash is on fire'

Reading Time: 2 minutes Beijing | Reuters — Soymeal prices in China, the world’s top consumer of the animal feed ingredient, are rising after at least 20 soybean crushing plants shuttered to comply with curbs on industrial power consumption, industry participants said on Friday. Five crushing plants in the northern city of Tianjin closed this week, said Tianfeng Futures […] Read more

(Qingwa/iStock/Getty Images)

USDA’s September supply/demand data contain few surprises

Reading Time: 2 minutes MarketsFarm — There was few, if any, surprises to be found for grain traders in the latest supply and demand report from the U.S. Department of Agriculture (USDA). The September world agriculture supply and demand estimates (WASDE) was pretty much stand-pat in terms of U.S. corn and soybeans, according to trader Andrew Mages of Progressive […] Read more


The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)

CBOT weekly outlook: ‘Tricky’ USDA report due Friday

Reading Time: 2 minutes MarketsFarm — With the U.S. Department of Agriculture (USDA) set to issue its monthly supply and demand estimates (WASDE) on Friday, a broker said it will be a “tricky report.” That’s because of the impact Hurricane Ida had on the U.S. transportation system, according to Scott Capinegro of Barrington Commodities at Barrington, Ill. In particular, […] Read more

Floodwaters surround Shell’s Norco fuel refinery site after Hurricane Ida pummeled Norco, La., west of New Orleans, on Aug. 30, 2021. (File photo: Reuters/Devika Krishna Kumar)

CBOT weekly outlook: Soybeans, corn looking past hurricane

Reading Time: 2 minutes MarketsFarm — Hurricane Ida has wreaked havoc on the U.S. Gulf Coast, pressuring Chicago Board of Trade soybean and corn futures as exports face disruptions — but the market is reacting more to what’s coming next than what has already happened, an analyst says. “I don’t know what the ramifications, if any, are for the […] Read more


A view of Imperial Oil’s Strathcona fuel refinery from the North Saskatchewan River. (Imperial Oil photo via BusinessWire)

Imperial Oil lays out Alberta renewable diesel plan

Company would use 'locally grown' canola, soybean oils

Reading Time: 2 minutes Reuters — Imperial Oil, one of Canada’s biggest oil producers and refiners, on Wednesday outlined a plan to process vegetable oil into renewable diesel at its 191,000-barrel-per-day Edmonton-area refinery. The project, which still requires final approval, is part of majority-owner Exxon Mobil’s goal of producing more than 40,000 barrels per day of low-emissions fuels by […] Read more

(Marathonpetroleum.com)

Fuel firm Marathon buys in on ADM soy crush plant

Marathon to process biodiesel from North Dakota plant's soy oil

Reading Time: 2 minutes Reuters — Marathon Petroleum and ADM announced on Thursday a joint venture to produce soybean oil that will be exclusively sold to Marathon for its renewable diesel plant. Refiners are on the hunt for secure access to feedstocks for renewable fuels amid supply constraints and soaring prices for fats, greases and oils. A joint-venture soybean […] Read more



Soy Canada says the Prairies are the country’s growth region for soybeans.

Canada’s soybean industry small, but nimble

SOY Canada sees opportunities to expand soybeans in the West

Reading Time: 4 minutes Glacier FarmMedia – Canadian soybeans have a lot going for them, says Brian Innes. They fit well into crop rotations, are suited to the warmer weather coming with climate change, produce protein ideal for people and animals, a healthy oil and the world is demanding more of them, SOY Canada’s new executive director told its seventh annual […] Read more