GFM Network News Archives | Canadian Cattlemen

Australia cuts wheat forecast by 11 per cent

By Reuters, GFM Network News June 12, 2019

Sydney | Reuters — Australia on Wednesday cut its wheat production forecast for the 2019-20 harvest by more than 11 per cent as an unrelenting drought across the country’s east coast threatens crops for a third year in a row. The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) pegged production of the […] Read more

Corn, Crops, Machinery, Reuters

As Biden tours Iowa, farmers want to know where he stands on ethanol

By Reuters, GFM Network News June 11, 2019

New York | Reuters — Joe Biden may have an ethanol problem. The former U.S. vice-president has pledged support for advanced biofuels as part of his bid for the 2020 Democratic presidential nomination. But Biden, who leads the crowded Democratic field in opinion polls in Iowa and nationally, faces lingering questions in the U.S. Farm […] Read more

Crops, Reuters

Trump simplifies reviews of genetically modified farm products

By Reuters, GFM Network News June 11, 2019

Council Bluffs | Reuters — U.S. President Donald Trump signed an executive order on Tuesday directing federal agencies to streamline the review process for agricultural biotechnology including genetically modified livestock and seeds. Trump signed the order during a visit to an ethanol plant in Council Bluffs, Iowa. The executive order, he said, would “speed up […] Read more

Crops, Markets

Corn down, soybeans steady in latest U.S. supply/demand report

By GFM Network News June 11, 2019

MarketsFarm — Corn production in the U.S. has been projected to drop by almost nine per cent in 2019, according to the latest world agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA). The department released its report on June 11, with some notable changes and ‘non-changes’ compared to its May […] Read more

Crops, Lentils, Markets

Pulse weekly outlook: Lentil exports ahead of last year’s pace

By GFM Network News June 11, 2019

MarketsFarm — Canada’s lentil exports have been good this year, according to Marlene Boersch of Mercantile Consulting Venture in Winnipeg. “At the end of April we were 26 per cent ahead of last year’s pace. Most of that is due to buying from India. Everybody’s surprised,” she said, Total lentil exports were 1.16 million tonnes […] Read more

Crops, Markets, Reuters

U.S. grains: Corn hits one-week high as USDA cuts yield more than expected

By GFM Network News June 11, 2019

Chicago | Reuters — U.S. corn futures climbed to a one-week high on Tuesday after the U.S. Department of Agriculture (USDA) made a bigger-than-expected cut to its yield estimate due to unprecedented planting delays this spring. USDA, in a monthly report, slashed its corn yield projection by 10 bushels an acre from May, or 5.7 per […] Read more

Livestock, Markets, Reuters

U.S. livestock: Hog futures pull back on large supplies

By Reuters, GFM Network News June 11, 2019

Chicago | Reuters — U.S. hog futures tumbled on Tuesday as traders said a rally the previous day looked overdone in the face of large supplies. Feeder cattle futures also weakened, while live cattle futures closed higher. Hog futures pulled back after climbing on Monday, when traders were relieved that U.S. President Donald Trump had […] Read more

Finishers, Livestock, Markets

Klassen: Feeder cattle demand softens

By Jerry Klassen, GFM Network News June 10, 2019

Compared to last week, western Canadian yearling prices were $2-$4 lower on average while calves were down $3-$5 depending on the region. Weakness in the fed cattle market continues to spill over into the feeder complex, as margins drift further into red ink. Alberta packers were buying fed cattle in the range of $245-$246 delivered […] Read more

Prairie hail claims pass 10,000 for year

USDA attache to Canada predicts larger wheat crop

Funds cover canola short positions

GFM Network News

Prairie hail claims pass 10,000 for year

USDA attache to Canada predicts larger wheat crop

Funds cover canola short positions

Author Archives GFM Network News

Australia cuts wheat forecast by 11 per cent

As Biden tours Iowa, farmers want to know where he stands on ethanol

Trump simplifies reviews of genetically modified farm products

Corn down, soybeans steady in latest U.S. supply/demand report

Pulse weekly outlook: Lentil exports ahead of last year’s pace

U.S. grains: Corn hits one-week high as USDA cuts yield more than expected

U.S. livestock: Hog futures pull back on large supplies

Klassen: Feeder cattle demand softens

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