GFM Network News


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

(Medioimages/Photodisc/Getty Images)

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


Soybean fields are inspected in a University of Wisconsin research trial on dicamba drift at Arlington, Wisc. on Aug. 2, 2018. (File photo: Reuters/Tom Polansek)

Bayer, Corteva in ‘two-dog battle’ over U.S. soy market

Companies' GM soybeans jockey for market share

Reading Time: 3 minutes Chicago | Reuters — Bayer is launching a new genetically modified soybean in the United States, striking back against rival Corteva in a bid to retain its dominant position supplying seeds to the $40 billion U.S. soy industry. Billions of dollars are on the table for companies producing a growing variety of seeds for soybeans, […] 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


Burger King’s soy- and potato-based Impossible Whopper entered the Ontario market effective March 22, 2021. (CNW Group/Burger King)

Burger King rolls out plant-based Impossible Burger in Canada

Nationwide launch of soy- and potato-based burger set for mid-April

Reading Time: 2 minutes The Canadian arm of quick-service chain Burger King has made its move into the Canadian plant-based burger market, working with U.S. processor Impossible Foods. Burger King, a U.S.-headquartered brand of Toronto-based Restaurant Brands International (RBI) since 2014, said Monday it becomes “the first quick-service restaurant in Canada to put the award-winning, plant-based Impossible Foods patty […] Read more

Pest Patrol: Controlling weeds in non-GMO soybeans

Pest Patrol: Controlling weeds in non-GMO soybeans

#PestPatrol with Mike Cowbrough, OMAFRA

Reading Time: 3 minutes Weed control has always been a concern in non-GMO soybeans. Control of broadleaf weeds like lamb’s quarters and common ragweed has been inconsistent, and growers are always looking for ways to improve their results. General principles for weed control in non-GMO soybeans 1. Budget $80 to $85 per acre for weed control and plan for […] Read more


A corn crop west of Grunthal, Man. on Aug. 17, 2019. (Dave Bedard photo)

CBOT weekly outlook: High U.S. corn prices cut into ethanol production

Reading Time: 2 minutes MarketsFarm — Upcoming reports from the U.S. Department of Agriculture are expected to steer Chicago Board of Trade (CBOT) futures, at a time when high corn prices in the U.S. may be cutting into ethanol production in that country. According to the U.S. Energy Information Administration’s report released on March 3, 849,000 barrels of ethanol […] Read more

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

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


Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)

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

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