GFM Network News


CBOT July 2021 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and green lines). (Barchart)

CBOT weekly outlook: Wet weather pressures markets ahead of USDA report

Reading Time: < 1 minute MarketsFarm — After hot and dry weather sent corn and soybean prices climbing higher in early June, much-needed rains brought bids down at the Chicago Board of Trade on Wednesday. Weather accounted for “90 per cent” of the pricing influence, according to Sean Lusk, vice-president of the commercial hedging division for Walsh Trading in Chicago. […] Read more

Soybean growers need to be aware that a number of older varieties are about to see their registration cancelled at the start of the new crop year, August 1.

Will the soybean variety you planted still be around come harvest?

A long list will see their registrations cancelled Aug. 1 and that could affect how they are sold

Reading Time: 4 minutes Manitoba farmers should take note of the soybean varieties they’re planting this spring. More than two dozen will have their registrations cancelled Aug. 1, which could affect crop marketing, says Manitoba Agriculture and Resource Development pulse crop specialist Dennis Lange. The surest way to know is by planting certified seed. “The way I view soybean seed that’s not registered… […] Read more


Interveinal colouring and chlorotic tissue are clear indications of sudden death syndrome (SDS) in soybeans.

Sudden death syndrome threat in soybeans is climbing

SDS is attracting more attention as a companion of soybean cyst nematodes

Reading Time: 7 minutes In the list of pests and diseases affecting soybean production in Eastern Canada, there are widespread culprits — like soybean cyst nematode (SCN) — and regionalized, almost annual challenges, such as white mould in Eastern Ontario. Nor to be forgotten are diseases like Phytophthora and Rhizoctonia root rots, which have been less frequent in the […] Read more

File photo of the Hernando de Soto Bridge as viewed from the Mud Island River Park at Memphis. (Akrassel/iStock/Getty Images)

Barge backlog starts moving as Mississippi River reopens

Over 1,000 barges waiting to pass

Reading Time: 2 minutes Chicago | Reuters — The Mississippi River reopened to vessel traffic near Memphis on Friday, the U.S. Coast Guard said, ending a shutdown of part of the waterway that caused a backlog of more than 1,000 barges carrying oil, corn and other goods. The Coast Guard said the river is open to all vessel traffic […] Read more



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

CBOT weekly outlook: Look for May USDA report to be bullish

New WASDE will include first projections for 2021-22

Reading Time: 2 minutes MarketsFarm — With the next supply and demand estimates from the U.S. Department of Agriculture (USDA) a week away, broker Ryan Ettner provided his outlook on the report. “[Soybean] exports have been good enough to meet the USDA’s expectations,” but maybe not enough to adjust any of their numbers, said Ettner, a broker for Allendale […] Read more


File photo of a green soybean crop south of Winnipeg. (Dougall_Photography/iStock/Getty Images)

Canada’s soybean, corn acres projected to rise

StatsCan's estimates see Ontario, Quebec, Manitoba planting more

Reading Time: < 1 minute Statistics Canada’s first read of farmers’ intentions for the 2021 growing season shows more Canadian acres going into both soybeans and corn. Farmers nationwide anticipate planting 5.3 million acres to soy in 2021, up 5.5 per cent from 2020, StatsCan said in its field crop survey released Tuesday. “An increase in anticipated (soy) area is […] Read more

(Dave Bedard photo)

USDA plans more pandemic programs for disadvantaged farmers

Review found disparities in farm aid distribution

Reading Time: 2 minutes Chicago | Reuters — The U.S. Department of Agriculture said on Wednesday it will dedicate at least US$6 billion to help smaller-scale and socially disadvantaged farmers who were hurt by the pandemic, along with producers of organic food and other specialty crops. The agency said it would also increase by approximately $5.6 billion payments made […] Read more


Pest Patrol: Controlling weeds in non-GMO soybeans

Pest Patrol: Controlling weeds in non-GMO soybeans

#PestPatrol with Mike Cowbrough, OMAFRA

Reading Time: 3 minutes Weed control has always been a concern in non-GMO soybeans. Control of broadleaf weeds like lamb’s quarters and common ragweed has been inconsistent, and growers are always looking for ways to improve their results. General principles for weed control in non-GMO soybeans 1. Budget $80 to $85 per acre for weed control and plan for […] 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