GFM Network News


ICE weekly outlook: Profit-taking to pressure canola

Market appearing overdone

MarketsFarm — ICE Futures canola contracts climbed to record highs during the week ended Wednesday as concerns over tightening old-crop supplies provided support. However, the market was looking overdone to the upside and profit-taking came forward to put some pressure on values. “The traders that are still long are playing the game of forcing the […] Read more



U.S. grains: Brazilian storms push U.S. corn, soy futures higher

Cold-weather concerns support wheat

Chicago | Reuters — U.S. corn and soybean futures rose on Wednesday as storms in major production areas of Brazil disrupted fieldwork, threatening to slow export shipments from one of the world’s major suppliers, traders said. “Very heavy rains remain in the forecast for Brazil’s northern soybean belt, where farmers are trying to harvest this […] Read more



Arkansas confirms first-ever glufosinate-resistant broadleaf

Researchers find Palmer amaranth strains in two counties

Researchers in the southern U.S. have found what they say is the first broadleaf weed in the world to beat the active ingredient in BASF’s Liberty herbicide. The University of Arkansas last week announced its ag researchers had found glufosinate-resistant Palmer amaranth in crops in two eastern Arkansas counties across the Mississippi River from Memphis. […] Read more



U.S. grains: Soybeans rise as USDA projects tight supplies into 2022

Wheat slumps on profit taking, nearby corn also slips

Chicago | Reuters — U.S. soybean futures firmed on Friday after the U.S. Department of Agriculture (USDA) forecast domestic supplies of the oilseed would remain historically tight into 2022 despite its projection for a record-large harvest this autumn. Corn futures were mixed, with nearby contracts slipping from earlier highs on profit-taking ahead of the weekend, […] Read more

U.S. grains: Soybeans, corn slump on record USDA acreage projections

Wheat gains on harsh U.S. cold, surging European wheat

Chicago | Reuters — Corn and soybean futures retreated on Thursday after the U.S. Department of Agriculture (USDA) projected that U.S. farmers would devote more acres to the two crops this spring than any year on record. U.S. wheat futures, meanwhile, climbed to the highest level in 2-1/2 weeks on rallying European wheat prices, a […] Read more



CBOT weekly outlook: Weather wreaks havoc on crops

MarketsFarm — Unusual weather, both in North and South America, has significantly affected commodities this week at the Chicago Board of Trade, according to a broker. A brutal cold snap, extending from northern Canada to the U.S.-Mexico border, has slowed down soybean crushing, halted production at ethanol refineries and raised energy prices in the U.S., […] Read more