GFM Network News






(JJ Gouin/iStock/Getty Images)

IGC expects larger world grain crop but tighter stocks

MarketsFarm — World grain production is forecast to hit a new record in 2021-22, but increasing demand should still cause ending stocks to tighten to their lowest level in seven years, according to updated projections from the International Grains Council. Total grain production — which includes wheat, corn and other coarse grains — is forecast […] Read more



File photo of a green soybean crop south of Winnipeg. (Dougall_Photography/iStock/Getty Images)

Canada’s soybean, corn acres projected to rise

StatsCan's estimates see Ontario, Quebec, Manitoba planting more

Statistics Canada’s first read of farmers’ intentions for the 2021 growing season shows more Canadian acres going into both soybeans and corn. Farmers nationwide anticipate planting 5.3 million acres to soy in 2021, up 5.5 per cent from 2020, StatsCan said in its field crop survey released Tuesday. “An increase in anticipated (soy) area is […] Read more


A barley crop south of Ethelton, Sask. on July 30, 2019. (Dave Bedard photo)

Feed weekly outlook: Prairie grains firm, watching new-crop weather

U.S. corn values supportive

MarketsFarm — Tight barley supplies in Western Canada continue to keep the feed market underpinned, with gains in the U.S. corn market also providing support to grain markets in general. “We’re starting to see a bit of an early weather market in the U.S.,” Allen Pirness of Market Place Commodities in Lethbridge said. Rising corn […] Read more

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CBOT weekly outlook: Tight old-crop supplies keep soy, corn strong

MarketsFarm — Soybean and corn futures at the Chicago Board of Trade posted solid gains during the week ended Wednesday, with the widening inverted spread between old-crop contracts and new-crop months a feature. “Commercials are buying any dips they can,” Sean Lusk of Walsh Trading said of the market. With the nearby months trading at […] Read more


CBOT May 2021 corn with Bollinger (20,2) bands. (Barchart)

CBOT weekly outlook: USDA acreage numbers provide bullish spark for corn, soy

MarketsFarm — Much-anticipated acreage estimates from the U.S. Department of Agriculture, on Wednesday provided a bullish boost to Chicago Board of Trade (CBOT) soybean and corn markets, with planting intentions for both crops coming in well below trade expectations. Corn futures were up by their 25 cents per bushel daily limit in reaction to USDA’s […] Read more