GFM Network News

Choppy corn and soy markets expected

Reading Time: 2 minutes CNS Canada – Chicago Board of Trade (CBOT) soybean contracts could see some action this week as the November contract near expiry. The corn contracts could also be hopping around during the week. “We’re getting some pressure in these markets because of the harvest pace that’s going on for the U.S. producer. So farmers are […] Read more

With so much volatility in the market, 2018 could be a great year to place standing pricing orders with your elevator.

A strategy for uncertain corn markets

Market fundamentals are excellent, and European sales will surely help. But what will Mr. Trump do next?

Reading Time: 5 minutes Growing corn can be an exciting and rewarding experience. Over the years we have seen amazing genetic improvements from the hybrid corn that we grow in our fields. Then, with planting taking place in late April and early May in Ontario and Quebec, it takes almost no time before the corn is poking through the […] Read more

To Canadian farmers hoping for $6 corn again, I say, “Keep hoping,” but at the same time, always remember that hope is not a marketing plan.

What’s in store for corn markets in 2018?

For Canada’s corn growers, it is the best of times and the worst of times

Reading Time: 5 minutes There is no question that growing corn is a rewarding thing to do. Increases in productivity over the last several years have helped farmers boost yields across Canada as well as throughout the greater American Corn Belt. This has led to an abundance of corn on the ground almost everywhere, but with a corresponding drop […] Read more

USDA boosts corn harvest view above expectations on record yields

Reading Time: 2 minutes Washington | Reuters – U.S. corn production will be higher than expected as harvest yields came in at record levels despite some concerns about the crop throughout the growing season, government data showed on Thursday. The U.S. Agriculture Department in its monthly supply and demand report said the bumper corn harvest will raise stockpiles of […] Read more

Placing standing cash price orders may be a wise move in a corn market that may yet see some bounces because of USDA reports and international events.

Watch those corn prices

Sometimes it seems prices are stuck in neutral. But keep your eyes open. Global demand is enormous, and shocks can emerge overnight

Reading Time: 5 minutes Corn is a brilliant crop to grow. Its productivity is amazing, with a planting season here in North America that starts in February in Texas and ends in June somewhere in Canada. With genetics that fight off all kinds of pests, it’s almost like there’s an explosion in the field as the crop heads into […] Read more

Finding hope in 2017 corn markets

It’s easy to be pessimistic due to global corn stocks, but demand is setting new records too. So consider posting some standing market orders, and watch prices daily

Reading Time: 5 minutes Every year farmers go to the field hoping for something better than last year, and even though now is the dead of winter, plans are being made to raise a successful corn crop in 2017. For eastern Canadian farmers, corn has earned its status as the “go-to” crop for the region. A few years ago, […] Read more

Heading into harvest, it’s easy to see all the reasons why the bear market could dominate our winter. But the market is fluid. Nothing ever stays the same forever, especially in corn.

Taming bearish corn markets

We’re back to the corn prices we saw before the great ethanol boom, but weather is always a wild card

Reading Time: 5 minutes The 2016 growing season in the United States has been excellent for corn production, and it’s making distant memories of the 2012 drought that reduced U.S. corn yields and sent prices into the stratosphere. Such a severe drought doesn’t happen very often. At that time it drove corn futures to an all-time high of $8.49 […] Read more

China’s farmers switch to soy amid corn market reform

Reading Time: 3 minutes Reuters — Wang Zhonghai, a 49-year-old farmer in China’s top corn producing province of Heilongjiang, plans to switch 80 per cent of his land to cultivate soybeans this year as the government ends a near-decade-old corn price support scheme. China announced last week it will stop its corn stockpiling program and allow markets to set […] Read more