GFM Network News

Canola area expected to be lower in Monday’s StatsCan report

Later-seeded areas expected to add pulse, barley, durum acres

Reading Time: 2 minutes MarketsFarm — Market participants generally expect canola acreage will be revised downward in a second acreage estimate due out Monday from Statistics Canada. “There’s a lot of uncertainty about canola acres,” Ken Ball of P.I. International in Winnipeg said, noting acreage was “definitely lost” in central and northern Alberta due to wet spring conditions. In […] Read more

U.S. grains: Corn, soybeans sink on Midwest weather

Wheat plunges on technical selling, harvest pressure

Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures fell for a fifth straight session on Friday on crop boosting rains across the Midwest and positioning ahead of government reports on U.S. plantings and stocks due next week. Wheat futures tumbled to contract lows, with soft red winter wheat hitting its lowest in nearly 10 […] Read more


U.S. grains: Corn drops to six-week low

Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures tumbled to the lowest in six weeks on Thursday and soybeans fell for a fourth straight day as forecasts for crop boosting rains across the U.S. Midwest reinforced prospects for bumper crops this year. Technical selling as futures fell below recent lows added pressure, sending some new-crop corn […] Read more

U.S. grains: Soy, corn slump on crop weather, economic concerns

U.S. Midwest sees generally mild temperatures

Reading Time: < 1 minute Chicago | Reuters — U.S. soybean futures eased for a third straight session on Wednesday and corn futures were mostly lower as forecasts for rains and limited crop-stressing heat across the Midwest farm belt bolstered production prospects. Weak outside markets also hung over grain futures, with equities and crude oil posting steep losses as rising […] Read more


U.S. grains: Corn drops to three-week low

Soybeans ease despite crop rating fall as China news weighed

Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell for a second straight session on Tuesday and touched a three-week low on an unexpected rise in government crop condition ratings and favorable U.S. Midwest weather that was seen bolstering the recently planted crop. Soybean prices also eased, despite a decline in the U.S. Department of Agriculture’s […] Read more

Flea beetle damage ‘moderate’ across Prairies so far

Levels in Manitoba hit thresholds for spraying, reseeding canola

Reading Time: 2 minutes MarketsFarm — Flea beetles, cutworms and diamondback moths are only a few of the pests Prairie farmers have to deal with — and this year, so far, damage from flea beetles and cutworms has varied, as have moth counts. “Flea beetles are common throughout the Prairies, everywhere we grow canola. We haven’t been able to […] Read more


U.S. grains: Corn falls on good crop weather

Chinese demand for U.S. farm products underpinning markets

Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures declined for the first time in four sessions on Monday as warm weather and scattered rains across a large swath of the Midwest farm belt bolstered development of the recently planted crop. Soybeans were mostly lower as favourable U.S. weather outweighed support from improving demand from top importer […] Read more

Uruguayan shearers flown in to relieve sweltering Spanish sheep

Expert shearers authorized to enter country amid COVID-19 pandemic

Reading Time: 2 minutes Villafale, Spain | Reuters — Brought to Spain on a special flight amid the coronavirus lockdown, some 250 Uruguayan sheep shearers race against time to shear millions of Spanish sheep as sweltering summer temperatures hit. The Uruguayan shearers come to Spain every year, where farmers value them for their skills, their speed and particular care […] Read more


U.S. grains: Wheat hits eight-month low as harvest advances

Soybeans gain on trade optimism; ethanol report supports corn

Reading Time: < 1 minute Chicago | Reuters — Chicago wheat futures edged downward on Wednesday reaching an eight-month low as the U.S. harvest continues and rainfall across Europe allayed recent weather worries. Corn prices climbed after early losses, ending in positive territory on increased ethanol use, but capped by pressure from favourable weather across the U.S. Midwest, while soybeans […] Read more

U.S. grains: Corn trims gains on technical selling

Wheat slides as harvests face decreased demand; soybeans drop on down meal market

Reading Time: 2 minutes Chicago | Reuters — Chicago corn futures ended slightly lower on Tuesday after a day of positive trading after the U.S. Department of Agriculture (USDA) reported decreased crop conditions due to recent hot weather across the western corn belt. Wheat slid as winter harvests continue, while soybeans remained lower as weak soymeal trade overwhelmed gains […] Read more


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