GFM Network News


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CBOT weekly outlook: Focus to shift after USDA’s largely stand-pat WASDE report

Reading Time: 2 minutes MarketsFarm — There was little change in U.S. markets shortly after the release of the latest supply and demand estimates from the U.S. Department of Agriculture (USDA). But that scenario could change for wheat markets, said Steve Georgy, president of Allendale Inc. at McHenry, Ill. “We’ve got to pay attention to how the wheat markets […] Read more

CBOT May 2021 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn eases after WASDE report

Wheat futures firm on tight stocks; soybeans fall on South American production

Reading Time: 2 minutes Chicago | Reuters — Chicago corn ended lower on Friday after the U.S. Department of Agriculture assessed global supply and demand within analyst estimates. Wheat strengthened as global supply shrank on Chinese feed consumption, while soybeans eased on larger stocks in South America. The most active corn contract on the Chicago Board of Trade ended […] Read more


(Dave Bedard photo)

Flax area seen expanding on strongest prices ever

Reading Time: 2 minutes MarketsFarm — To MarketsFarm Pro analyst Mike Jubinville, there’s no doubt that flaxseed acres in Canada will increase in 2021. In Agriculture and Agri-Food Canada’s (AAFC) March supply and demand estimates, the department projected flax acres to jump 22 per cent in 2021-22 at about 1.14 million, up from nearly 931,600 seeded in the previous […] Read more

ICE May 2021 canola with Bollinger (20,2) bands. (Barchart)

ICE weekly outlook: Canola fundamentals still strong in volatile market

Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts moved higher during the week ended Wednesday, with the largest gains in the old-crop months amid ongoing concerns over tight supplies. Day-to-day activity could remain volatile at times, but underlying fundamentals should remain supportive heading into the 2021 growing season, according to an analyst. While canola futures have traded […] Read more


CBOT November 2021 soybeans with 20-, 40- and 50-day moving averages. (Barchart)

U.S. grains: Soy, corn, wheat futures slide ahead of USDA data

Planting intentions, stocks reports due Wednesday

Reading Time: 2 minutes Chicago | Reuters — U.S. soy and corn futures fell on Tuesday as traders liquidated positions and booked profits a day ahead of a pair of key crop reports from the U.S. Department of Agriculture, analysts said. Wheat also declined, with a firmer dollar hanging over the market along with spillover from broad weakness in […] Read more

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

CBOT weekly outlook: Markets move ahead of USDA report

Reading Time: 2 minutes MarketsFarm — Chicago Board of Trade (CBOT) market participants are awaiting next week’s prospective plantings report from the U.S. Department of Agriculture (USDA), due out March 31. Ahead of the report, average trade estimates predict 93 million acres of corn, 90 million acres of soybeans and 46 million acres of wheat will be planted in […] Read more


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

U.S. grains: Soybeans extend gains on veg oil rally

Corn rangebound, weather weighs on wheat

Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures gained for a fourth straight session on Wednesday supported by tightness in vegetable oil markets as traders anticipate U.S. planting data next week. Nearby corn futures rose, while deferred contracts representing the 2021 crop softened ahead of the U.S. Department of Agriculture’s March 31 planting intentions and quarterly […] Read more

ICE May 2021 canola (candlesticks) with 30-day moving average (green line) and CBOT May 2021 soyoil (yellow line). (Barchart)

ICE weekly outlook: Canola’s correction likely short-lived given tight supplies

Reading Time: < 1 minute MarketsFarm — The ICE Futures canola market ran into a profit-taking correction on Wednesday, backing away from recently-hit contract highs. While a further correction is possible, the underlying fundamentals remain supportive and canola is expected to retain its relative strength to other oilseeds. “The market needs bullish fuel, but it’s just not getting any,” said […] Read more


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CBOT weekly outlook: U.S. supply and demand report stands pat

Reading Time: 2 minutes MarketsFarm — Expected changes to ending stocks for soybeans, corn and wheat did not occur in the latest supply and demand report Tuesday from the U.S. Department of Agriculture (USDA). Rather, the department held onto its February projections. “I’m disappointed [the USDA] didn’t adjust anything. I’m not saying they didn’t do their homework. I’m just […] Read more

CBOT May 2021 wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Wheat and soy climb, corn sags after USDA data

U.S. dollar's retreat also supportive

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose more than one per cent on Tuesday after the U.S. Department of Agriculture in a monthly report lowered its forecast of global wheat inventories, analysts said. Corn futures declined on a surprise increase in USDA’s forecast of world corn stocks, while soybean futures firmed after a choppy […] Read more