GFM Network News

CBOT weekly outlook: Markets prepare for Laura

Hurricane approaching U.S. Gulf Coast

Reading Time: < 1 minute MarketsFarm — Hurricane Laura, currently a Category 3 hurricane, is expected to hit the U.S. Gulf Coast late Wednesday or early Thursday but the Chicago Board of Trade is already feeling its effects. “It’s going to bring widespread rain and flooding to the Delta region, where unharvested rice, corn and soybean crops may feel a […] Read more

Manitoba winter wheat, fall rye seeding deadlines extended

MASC spots growers an extra two weeks

Reading Time: < 1 minute Manitoba’s provincial crop insurance agency will spot growers of fall rye and winter wheat an extra couple of weeks to get insurable crops in the ground. Manitoba Agricultural Services Corp. (MASC) announced Tuesday that growers can get full coverage on winter wheat or fall rye seeded from Aug. 15 to Sept. 25, and reduced coverage […] Read more


U.S. grains: Corn gains as Iowa yields falter on storm damage

Soybeans even near seven-month high; wheat down slightly on Russian yield forecast

Reading Time: 2 minutes Chicago | Reuters — Chicago corn rose on Friday after a U.S. Midwest crop tour found storm damage across top corn-growing state Iowa. Meanwhile, soybeans ended lower as tropical storms in the U.S. Gulf offered hope for much-needed rain in parts of the Midwest, offsetting strong export demand. And wheat rallied late in the day […] Read more

U.S. grains: Corn, soy ease as harvest, export prospects weighed

Wheat ends higher after mixed trade

Reading Time: 2 minutes Chicago | Reuters — Chicago soybeans slipped on Thursday after a seven-month peak a day earlier, while corn eased as traders set recent storm damage against generally strong prospects for harvest yields. Wheat ended higher as traders digested competing signals for global supply. The most-active soybean contract on the Chicago Board Of Trade closed down […] Read more


Minnesota fields thrive, Iowa storm damage continues on crop tour

Reading Time: 2 minutes Chicago | Reuters — Scouts on an annual U.S. Midwest crop tour continued to see fields battered by an Aug. 10 derecho storm in central Iowa on Thursday, with corn stalks snapped and ears littering the ground due to the hurricane-like winds. In Iowa, crop prospects swung wildly from field to field, according to scouts […] Read more

Alberta’s AFSC to refund hail premiums on drowned crops

Agency taking applications until Sept. 11

Reading Time: 2 minutes Grain growers in Alberta’s Peace, northeastern and northwestern farming regions whose waterlogged crops are deemed “non-viable” can now file for full refunds on AFSC hail insurance premiums. AFSC, the province’s Agriculture Financial Services Corporation, announced Wednesday it will accept such applications from eligible growers from now until Sept. 11. Applications will be available online through […] Read more


CBOT weekly outlook: Rain needed across U.S. Midwest

Reading Time: 2 minutes MarketsFarm — Dry conditions across the U.S. Midwest were among the factors that could affect commodity prices on the Chicago Board of Trade (CBOT) if rain doesn’t come soon, according to Scott Capinegro of Barrington Commodities at Barrington, Ill. Dry conditions in the region could lead to price increases for corn and soybeans. “Across northern […] Read more



‘Lightning siege’ sparks wildfires across California wine country

Almost 11,000 strikes reported over 72 hours

Reading Time: 2 minutes Vacaville, California | Reuters — Lightning strikes sparked dozens of wildfires in northern California’s wine country on Wednesday, burning dozens of structures and forcing thousands to flee their homes. California was hit by nearly 11,000 lightning strikes in 72 hours, sparking 367 fires, nearly two dozen of them major, as the state suffered a record […] Read more



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