GFM Network News

U.S. books latest end to soy harvest in a decade

Reading Time: < 1 minute MarketsFarm —The U.S. Department of Agriculture (USDA), in its oilseed crops outlook issued Wednesday, said the country’s 2019 soybean harvest will wind up the latest in 10 years. As of Sunday, the overall U.S. soybean harvest stood at 85 per cent complete, according to USDA’s weekly crop progress report. The pace was two points behind […] Read more

CBOT weekly outlook: What happens with corn, will happen to soybeans

Reading Time: < 1 minute MarketsFarm — Although there were no major changes to soybeans in June’s world agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture, the commodity’s price shot up on the Chicago Board of Trade. USDA on Tuesday issued its monthly WASDE report, in which estimated U.S. corn production was lowered by nine per […] Read more

“If we stay together as a unit and focus on that common vision of where we can get to, we will eventually get there,” says Brett Israel, here with grandfather Carl and father Jamie.

Definitely the road less travelled

Taking to organic in crops and in hogs takes trust, vision and teamwork

Reading Time: 7 minutes Brett Israel is looked upon as a young, entrepreneurial producer with one eye firmly fixed on the road ahead, while honouring and respecting those who have come before him. It can be a bit of a tightrope walk for Israel, whose family has been farming on the same concession in Wellington County for six generations. […] Read more

CBOT weekly outlook: Higher prices don’t jibe with corn, soy production

Reading Time: 2 minutes CNS Canada — Trade is starting to slow down for the holiday season at the Chicago Board of Trade, which has corn and soybean traders looking at the larger picture. Scott Capinegro, a broker with Barrington Commodities at Barrington, Ill., believes prices for corn and soybeans are currently too high. “(The world) continues to plant, […] Read more

Western Canada has seen a substantial expansion of soybean acres.

The wild ride in soybean markets continues

Most years offer some reasonable pricing opportunities. This winter, they may be difficult to find

Reading Time: 5 minutes From small beginnings in the deep southwest of Ontario, soybeans in 2018 have expanded across Canada in a very big way. In fact, when you commence the drive from Windsor, Ont., soybean fields dominate the landscape along the 401 corridor and into Quebec. It is the same in parts of Manitoba, with smaller acreages dotting […] Read more

Smaller Manitoba soybean crop expected

Reading Time: 2 minutes CNS Canada — Like most crops grown this year, Manitoba’s soybean yields were also highly variable in 2018. While early reports point to smaller production overall, lower-than-average yields won’t translate to higher prices, given prospects for a large U.S. crop. Manitoba soybean yields are “anywhere from 20 to 50” bushels per acre, said Mark Jorgenson […] Read more

AMIS adjusts world grain production outlooks

Reading Time: 2 minutes CNS Canada –– Global supply-demand outlooks, released by the market monitoring agency of an alliance of 11 international organizations, point to lower corn production for 2018-19. The Agricultural Market Information System (AMIS) Market Monitor report for July said the record corn harvest in 2017-18 will slip by more than four per cent in 2018-19. That’s […] Read more

U.S. grains: Wheat drops most since August after USDA acreage surprise

Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures tumbled nearly three per cent on Friday, notching their biggest daily decline since August, after the U.S. Department of Agriculture showed larger-than-expected U.S. winter wheat plantings. Corn futures fell to life-of-contract lows, while soybeans turned higher in a recovery from four-month lows in the wake of the midday […] Read more