GFM Network News

Fund traders cover some bearish bets in canola, soybeans

Reading Time: < 1 minute MarketsFarm — Fund traders were buying back short positions in canola, soybeans and corn during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). In the wheat market, however, they were on the other side. The net managed money short position in ICE […] Read more

U.S. grains: Corn, soy, wheat slide with financial markets

Drop in oil prices adds pressure on corn

Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soybean futures fell on Friday as the spread of the new coronavirus triggered broad selling in commodities and equities. Wall Street tumbled as fears of economic damage intensified with the global tally of cases crossing 100,000. Financial markets view the virus, which causes a flu-like illness, as the […] Read more

U.S. grains: Soy up on export hopes, financial market gains

Wheat resumes downtrend after bounce Tuesday

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose for a third day on Wednesday, nearing a six-week high, on hopes for increased export demand and spillover support from gains in financial markets. Corn futures set a five-week high, while wheat futures slumped. Traders said U.S. soy exports may benefit from an increase in taxes on […] Read more

Digital supercluster backs precision fungicide development

Project aims at wheat leaf rust, reducing pesticide load

Reading Time: 3 minutes A West Coast ag tech company in the crop pest control business is setting its sights on wheat leaf rust, with support from one of Canada’s five research superclusters — but not the cluster you might expect. Out of the five federally-supported superclusters launched in early 2018, Protein Industries Canada has been most closely linked […] Read more

U.S. grains: Soybean futures touch five-week high

Corn rises as markets rebound

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures set a five-week high and corn futures advanced on Monday as markets rebounded from selling last week that was fueled by concerns over the fast-spreading coronavirus outbreak. Equity markets around the world rose on speculation that central banks will cut interest rates to soften the economic blow of […] Read more

U.S. grains: Crop futures slide on coronavirus fears

Corn sets new contract lows, ends mixed; wheat at 3-1/2-month low

Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures slumped to new contract lows on Friday and wheat fell to a 3-1/2-month low with a seventh daily drop in eight trading sessions as a spike in new coronavirus cases beyond China fueled fears of a pandemic. Soybeans also retreated, reversing course after three days of gains as […] Read more

Seed pilot project unveiled

Reading Time: 4 minutes The new Seed Variety Use Agreement (SVUA) pilot project, unveiled in Winnipeg Feb. 25, will demonstrate the benefits of farmers paying breeders a royalty for seed saved for planting. But the Prairies’ five wheat and barley commissions have “significant concern” about the project, they said in a news release. The SVUA pilot is being organized […] Read more

U.S. grains: Corn, wheat tumble as coronavirus rattles investors

Soybeans up off nine-month low on Argentina export news

Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell to contract lows on Thursday and wheat futures slumped to the lowest level in 2 -1/2 months in tandem with tumbling equities and energy markets amid investor fears of the coronavirus outbreak developing into a pandemic. Soybeans fell to their lowest point in nine months but later […] Read more

U.S. grains: Soybeans bounce on chance of Argentina export limits

Coronavirus fears remain anchor on commodities prices

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures on Wednesday extended a rebound from a sharp drop earlier this week as investors anticipated changes to Argentine export taxes that could reduce export competition from the major soy supplier. Corn and wheat futures eased on pressure from a firmer dollar, which creates headwinds for U.S. exports, and […] Read more

Argentina ag ministry suspends registration of exports

Reading Time: < 1 minute Buenos Aires | Reuters — Argentina’s ministry of agriculture suspended on Wednesday the registration of agricultural exports until further notice, it said in a statement, a move that traders said likely foreshadowed a steep increase in grains export tariffs. “When they close the registration, it’s because something is coming,” said agricultural consultant Nestor Roulet, secretary […] Read more