GFM Network News


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

(Dave Bedard photo)

Hot, dry weather creates ‘significant uncertainty,’ AAFC says

Reading Time: < 1 minute MarketsFarm — Supply/demand balance sheets for Canada’s major crops only saw minor adjustments in the latest update Tuesday from Agriculture and Agri-Food Canada, with hot and dry growing conditions leading to “significant uncertainty” on the state of the country’s 2021-22 crops. Total field crop production in the country was forecast to decrease due to a […] Read more


CBOT December 2020 wheat with Bollinger (20,2) bands. (Barchart)

U.S. grains: CBOT wheat falls after hitting highest since 2015

Chicago corn, soybean futures ease

Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures dropped 1.9 per cent on Thursday, falling from their highest in more than five years, as traders locked in profits ahead of a key U.S. government report. Soybeans and corn also eased from recent peaks but losses were kept in check by strong export demand. […] Read more




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U.S. delays key agriculture reports due to government shutdown

Reading Time: 2 minutes Chicago | Reuters — The U.S. Department of Agriculture (USDA) delayed several major domestic and world crop reports because of the two-week-old partial government shutdown, the agency said on Friday. New release dates for the monthly world agricultural supply and demand estimates (WASDE) report and other data originally scheduled for Friday, Jan. 11, will be […] Read more


Statistics Canada’s model-based report is based in part on data from sensors on the U.S. National Oceanic and Atmospheric Administration (NOAA) series of satellites. The Normalized Difference Vegetation Index (NDVI), shown here for Sept. 16 over an NOAA satellite map of North America, is used to gauge surface vegetation content. (OSPO.noaa.gov)

Canola, wheat crop size hiked in StatsCan’s view from space

Reading Time: 2 minutes CNS Canada — Statistics Canada raised its production estimates for most crops across Western Canada in its latest report released Wednesday. Unlike traditional StatsCan reports using information gathered from phone surveys, the model-based report was based in part on coarse-resolution satellite imagery collected during the month of August. The model-based report has only been in […] Read more



(Dave Bedard photo)

Trade expecting bigger canola, wheat numbers from StatsCan

Reading Time: 2 minutes Reuters — Canadian farmers harvested the biggest canola crop on record, slightly larger than was expected in September, a Reuters survey of 15 traders and analysts showed ahead of a key government report. Wheat production is also seen higher than earlier expectations, as favourable weather produced big yields. Statistics Canada will release its final crop […] Read more