GFM Network News


Pulse weekly outlook: Lentil crop expected to spike in Alberta

Reading Time: 2 minutes MarketsFarm — One bright spot for Alberta agriculture in 2020 has been the province’s lentil crop. The amount of the pulse grown this year skyrocketed by more than 173 per cent than compared to 2019, according to Statistics Canada. The federal agency reported Monday that lentil production in Alberta is set to hit a record […] Read more

StatsCan adjusts expected corn, soy harvests upward

Satellite models predict higher yields on fewer acres

Reading Time: 3 minutes Statistics Canada’s latest batch of satellite-modelled crop data includes slightly raised expectations for Canadian corn and soybean harvests this fall. StatsCan on Monday released model-based principal field crop estimates for the period ending Aug. 31, suggesting higher soy and corn numbers than seen in its Production of principal field crops report released Aug. 31, which […] Read more



Grains drop, soy firm following WASDE report

Reading Time: < 1 minute MarketsFarm — Monthly supply/demand data from the U.S. Department of Agriculture were supportive for soybean prices but bearish for corn and wheat, with adjustments to yields and harvested acres providing a number of surprises. Corn futures saw the largest immediate reaction at the Chicago Board of Trade, as average yields were unexpectedly raised to 168.4 […] Read more


Statistics Canada boosts crop production estimates

Reading Time: 2 minutes MarketsFarm — Updated model-based production estimates on Thursday from Statistics Canada expect larger yields for most of the major crops grown in the country — and while harvest operations are still ongoing, the actual crops may end up larger still. “All of the numbers are bigger, whether it’s durum, spring wheat, canola,” said analyst Mike […] Read more

StatsCan forecasts near-record corn crop

Reading Time: < 1 minute MarketsFarm — Canada’s corn crop is forecast to be the second largest on record despite a delayed start to spring planting, as yields showed an improvement from earlier forecasts, according to updated production estimates Thursday from Statistics Canada. Using a combination of satellite imagery, previous survey data, and agro-climatic data, the latest Statistics Canada report […] Read more


Big changes unlikely in next USDA report

Reading Time: 2 minutes MarketsFarm — Ahead of the next supply and demand report from the U.S. Department of Agriculture, several firms have issued estimates for U.S. corn and soybean yields. USDA is scheduled to release its next world agriculture supply and demand estimates (WASDE) Thursday at 11 a.m. CT. The report will help set the tone for commodities […] Read more



CBOT weekly outlook: Corn estimates, U.S./China talks befuddle

Reading Time: 2 minutes MarketsFarm — For Steve Georgy, the events of this week have left him somewhat gobsmacked. The president of Allendale Inc. at McHenry, Ill. said he didn’t completely buy the numbers in the August supply and demand report issued Monday by the U.S. Department of Agriculture (USDA). And Georgy has been wondering why the U.S. “punted” […] Read more

CBOT weekly outlook: Bullish U.S. Midwest weather story not over

Reading Time: 2 minutes MarketsFarm — Corn and soybean futures at the Chicago Board of Trade may have run into some profit-taking resistance, but underlying concerns over wet fields and lost acres should keep the general uptrend in place heading through the summer. “I don’t think this weather story is anywhere near over,” said Preston Zacharias of CHS Hedging’s […] Read more