GFM Network News

Saskatchewan mustard crop poised for strong finish

Reading Time: < 1 minute MarketsFarm — Mustard crops in southwestern and south-central Saskatchewan may have received enough rain to turn themselves around after a dry spring. “The area south of Highway 1 saw a lot of rain this year,” said Kevin Hursh, executive director of the Saskatchewan Mustard Development Commission. “They’ve seen a huge turnaround in their crop potentials.” […] Read more

U.S. grains: Corn higher on wet weather forecast

Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures rose about one per cent on Friday as wet weather forecast for the Midwest crop belt prompted short-covering, analysts said, while soybeans fell to multi-month lows. Wheat futures firmed slightly but still recorded a weekly decline as ample global supplies anchored the market. Chicago Board of Trade July […] Read more

Prairies can expect unexpected from El Nino this summer

Reading Time: 2 minutes MarketsFarm — The U.S. National Weather Service Climate Prediction Center on Thursday reported a 65 per cent chance of El Nino prevailing throughout 2019’s growing season. “A weak El Nino is likely to continue through the Northern Hemisphere summer 2019 (65 per cent chance) and possibly fall (50-55 per cent chance),” the CPC’s report said. […] Read more

U.S. grains: Wheat weakens on poor export demand

Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures fell 1.8 per cent on Wednesday, its third decline out of the last four sessions, as export prospects for U.S. supplies remained dim despite crop shortfalls in key production areas of the Black Sea region, traders said. Corn dropped after earlier touching a two-week high […] Read more

Manitoba soy growers likely face light yields

Reading Time: 2 minutes CNS Canada — Manitoba soybeans will be ready for harvest well ahead of normal, provincial pulse crop specialist Dennis Lange said, fresh from fields where he was conducting maturity ratings. He said he was out around Morris on Tuesday and some soybean varieties there are already nearing full maturity. Throughout Manitoba, farmers could be taking […] Read more

U.S. grains: Wheat, soy fall on firmer dollar, rains

Reading Time: 2 minutes Chicago | Reuters — U.S. grains and oilseed futures fell on Wednesday, pressured by broad selling in commodities and equities as a firmer dollar prompted worries about export prospects for U.S. supplies, traders and analysts said. Wheat prices notched some of the biggest declines among agricultural products, dropping after rising slightly during the previous session. […] Read more

Feed weekly outlook: Optimism takes pressure off Prairie grains

Reading Time: 2 minutes CNS Canada — Following recent rains across Western Canada, producers have opened their bins and are selling grain again for feed, taking some pressure off of the market. “It’s some relief from the rain that’s happened across the Prairies in the last two weeks. It’s allowing producers to comfortably sell the rest of their old-crop […] Read more

Argentine wheat seedings slowed by rain

Reading Time: < 1 minute CNS Canada – Argentina’s hope for a near-record wheat crop have been dampened by excessive rain and below-average seedings. With planting nearly complete, the United States Department of Agriculture office in Buenos Aires has estimated the Argentine wheat crop at 12.8 million acres. That falls about one million acres below the official USDA forecast of […] Read more