GFM Network News

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

CBOT weekly outlook: U.S. corn, soybean carryovers could increase

Declines expected for wheat stocks

Reading Time: 2 minutes MarketsFarm — Ahead of the next supply and demand report from the U.S. Department of Agriculture (USDA), expectations are for corn and soybean ending stocks to increase, according to Steve Georgy, president of Allendale Inc., in McHenry, Ill. “The wheat market could see carryout numbers decline slightly on this report,” he added. USDA is scheduled […] Read more

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USDA’s September supply/demand data contain few surprises

Reading Time: 2 minutes MarketsFarm — There was few, if any, surprises to be found for grain traders in the latest supply and demand report from the U.S. Department of Agriculture (USDA). The September world agriculture supply and demand estimates (WASDE) was pretty much stand-pat in terms of U.S. corn and soybeans, according to trader Andrew Mages of Progressive […] Read more

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

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U.S. slashes corn, soybean, wheat harvest forecasts

Reading Time: 2 minutes Chicago | Reuters – The U.S. government slashed its outlook for domestic corn production by 2.7 percent and its soybean harvest view by 1.5 percent on Thursday as dry soils in key western growing areas cut into the potential for a bumper harvest. The dry conditions also hampered U.S. wheat production, which was forecast at […] Read more

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Corteva launches Brazil biotech soy, tackles Bayer head-on

Reading Time: < 1 minute Sao Paulo | Reuters – Corteva Agriscience said on Aug. 9 it will start selling biotech soybean seeds in Brazil, as it seeks to bolster its presence in the world’s largest producer of the oilseed and tackle German rival Bayer AG. Corteva said its Enlist soybean seeds can resist three weed killers including glyphosate, ammonium […] Read more

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CBOT weekly outlook: Analysts await USDA crop estimates

Reading Time: < 1 minute MarketsFarm – Traders at the Chicago Board of Trade (CBOT) are positioning themselves ahead of the United States Department of Agriculture’s monthly crop estimates to be released on Aug. 12. Estimates from private firms and speculation over how accurate they will be compared to the USDA’s are making their mark on the markets. “I think […] Read more

Higher prices of basic foodstuffs such as corn, soy and meat are affecting food supplies for both animals and people as the U.S. economy picks up steam.  Photo: Thinkstock

Pet food shortages leave owners on the hunt for kibble

Reading Time: 3 minutes Chicago | Reuters – Black short-haired kitty Astra, one of millions of pets acquired during the COVID-19 pandemic last year, had to go without salmon-flavored Whiskas treats that were sold out at stores in New Orleans this month. Loki, an Alaskan malamute dog in Ontario, Canada, did not have his usual Royal Canin kibble in […] Read more

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USDA pegs wheat ending stocks to be lowest since 2013-14

Reading Time: 2 minutes MarketsFarm — As the U.S. northern Plains continue to deal with severe drought conditions, the U.S. Department of Agriculture (USDA) has significantly lowered its 2021-22 ending stocks estimates for wheat — especially durum and spring wheat. According to USDA’s monthly world agriculture supply and demand estimates (WASDE) released Monday, 2021-22 ending stocks for wheat are […] Read more

Soy Canada says the Prairies are the country’s growth region for soybeans.

Canada’s soybean industry small, but nimble

SOY Canada sees opportunities to expand soybeans in the West

Reading Time: 4 minutes Glacier FarmMedia – Canadian soybeans have a lot going for them, says Brian Innes. They fit well into crop rotations, are suited to the warmer weather coming with climate change, produce protein ideal for people and animals, a healthy oil and the world is demanding more of them, SOY Canada’s new executive director told its seventh annual […] Read more