GFM Network News


U.S. grains: Wheat rises on Russian export tax plan

Corn, soybeans fall on profit-taking

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose on Friday, supported by Russia’s plan to double its tax on exports of the grain, while corn and soybeans fell as traders took money out of the market following their surge to multi-year highs earlier in the week. Wheat traded both sides of unchanged, ending in positive […] Read more

U.S. grains: Soybeans, corn, wheat rally

Futures up, but below recent peaks

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose 1.7 per cent on Thursday, underpinned by the strong demand highlighted in the U.S. Agriculture Department’s monthly supply and demand report on Tuesday, traders said. Corn futures also rallied, with the market receiving a boost after the U.S. Environmental Protection Agency said it would not rule on […] Read more


InVivo in talks to acquire French agribusiness Soufflet

Firms see limited overlap outside grain trading

Reading Time: 2 minutes Paris | Reuters — Co-operative group InVivo has entered exclusive talks to acquire family-controlled Soufflet in a deal that would create one of Europe’s biggest agricultural businesses with 10 billion euros (C$15.5 billion) in sales, the French firms said on Wednesday. The potential consolidation comes as France, the European Union’s largest agricultural producer, is trying […] Read more

U.S. grains: Futures surge to highest since 2014 as USDA cuts supply outlook

Wheat futures at six-year high; corn, soy at 6-1/2 year highs

Reading Time: 2 minutes Chicago | Reuters — U.S. corn, soybean and wheat futures surged to fresh multi-year highs on Tuesday after the U.S. Department of Agriculture (USDA) said 2020 U.S. corn and soy harvests were smaller than expected and stocks of key crops were thinner that previously thought. Corn jumped by as much as five per cent, while […] Read more


U.S. grains: Soybeans to 6-1/2-year top on expectations of tightening stocks

Corn futures up, wheat retreats

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures resumed their rally on Friday after a light setback a day earlier, climbing to 6-1/2-year highs on signs of fresh export demand and expectations that key U.S. crop reports next week will indicate tightening global supplies. Corn futures also rose, hovering near multi-year highs set this week above […] Read more

CBOT weekly outlook: South American weather, labour issues prop up prices

Reading Time: < 1 minute MarketsFarm — Market participants on the Chicago Board of Trade expect agriculture commodity prices to continue to rise in 2021. Terry Reilly, a grains analyst with Futures International, said corn is expected to hit around $5.25 per bushel, while soybeans will be around $14.50 (all figures US$). The March wheat contract is expected to reach […] Read more


U.S. grains: Soybeans set fresh high on supply worries, technical buying

Chicago wheat, corn also close higher

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures soared on Tuesday, climbing to fresh 6-1/2-year highs on a mix of fund-driven technical buying and worries about South American supplies, analysts said. Corn followed soybeans higher but stayed below psychological resistance at the $5 per bushel mark (all figures US$). Wheat rose about two per cent, setting […] Read more

U.S. grains: Soy rally extends into 2021

South America soybean supply fears continue; corn ends mixed

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures extended a rally to 6-1/2-year highs before trimming gains on Monday as dry crop weather and disruptions to exports in South America continued to unsettle investors at a time of brisk Chinese demand, analysts said. Wheat closed modestly higher, while corn ended mixed, as both commodities pared gains […] Read more



Nevills added wheat testing services to their operation in 2012.

A higher commitment

This independent farm in Kent County provides a valued service to private sector companies

Reading Time: 6 minutes The history of agriculture in Ontario’s Kent County is filled with superlatives. Its rich past includes decades of prosperity for area growers, who fed processors like Campbell’s and Libby’s with a variety of produce for over a century. Farm organizations such as the Ontario Wheat Producers’ Marketing Board and the Ontario Soybean Growers also called […] Read more