GFM Network News

U.S. grains: Soybean futures slip on technical sales

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures weakened on Thursday, retreating from early gains on technical selling after failing to take out the 10-week high hit on Tuesday, traders said. Wheat futures ended little changed, supported by a surprise export deal with China. But traders said more bullish inputs were needed to push prices back […] Read more

U.S. grains: Soy tops two-month high on China buying, inventory shock

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures prices rose to the highest level in more than two months on Tuesday, adding to gains from the previous session when Chinese purchases and a lower-than-expected estimate of U.S. stockpiles buoyed prices. Corn also advanced after rallying four per cent on Monday as a quarterly U.S. Department of […] Read more

USDA’s jump in soybean stocks comes in below forecasts

Reading Time: 1 minute MarketsFarm — Although stocks of soybeans in the U.S. were estimated Monday to have increased dramatically compared to their year-ago level, the amount of that increase fell short of market expectations. In the Grain Stocks report released Monday by the U.S. Department of Agriculture (USDA), total soybean stocks as of Sept. 1 were estimated to […] Read more

Cash wheat: CWRS follows Minneapolis futures higher

Reading Time: 2 minutes MarketsFarm — Cash wheat bids in Western Canada were mostly higher for the week ended Thursday. Gains were seen in Canada Western Red Spring (CWRS) and Canada Western Amber Durum (CWAD) wheats in all locations, while Canada Prairie Spring Red (CPSR) saw gains in most regions. The Canadian dollar was firm with almost no movement. […] Read more

CBOT weekly outlook: U.S. dollar, weather hurt prices

Reading Time: 1 minute MarketsFarm — Growing strength in the U.S. dollar has hurt commodity prices on the Chicago Board of Trade (CBOT), according to Terry Reilly, grains analyst for Futures International in Chicago. The impetus for the gain was comments from U.S. President Donald Trump, who remarked a trade deal with China could come sooner rather than later. […] Read more

Ontario farmers grow corn acres, and a successful livelihood

Amos family in Ontario’s extreme northwest a good example of the pioneering spirit

Reading Time: 6 minutes In 1990, nearly 30 years ago, Amos Brielmann moved his family from Germany to the Rainy River District between Fort Frances and the Manitoba border. They settled on a farm near Pinewood, first working on a beef cattle operation just north of the village. Slowly, they began buying the farm and maintaining the herd and […] Read more

U.S. grains: Minneapolis, K.C. wheat futures rise

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Monday, rebounding from a sharp drop on Friday, on fresh export deals with China and rising concerns that rains in the U.S. Midwest could lower crop quality just ahead of harvest, traders said. The adverse weather also supported corn futures while wheat futures were mixed. The […] Read more

U.S. grains: Soybeans down on China trade pessimism

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell more than one per cent on Friday to the lowest in a week on rising doubts about a breakthrough in U.S.-China trade talks and forecasts for favourable crop weather across the U.S. Midwest. Corn and wheat also declined, following soybeans, although both grains closed with modest weekly […] Read more