Crops , Latest & Featured - Canadian Cattlemen

Malt barley demand rises, at home and abroad

By Adam Peleshaty, GFM Network News February 12, 2021

MarketsFarm — Domestic malt barley is facing pressure from both inside and outside Canada’s borders as demand for both malt and feed barley has increased. With domestic feed barley prices rising and domestic supplies shrinking with increased exports to China, high-quality malt barley has found its way to feed channels as growers look to sell […] Read more

CBOT March 2021 corn with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets, Reuters

U.S. grains: CBOT corn, soybeans rebound on strong demand

March wheat closes weak

By Mark Weinraub, GFM Network News February 12, 2021

Chicago | Reuters — Chicago Board of Trade corn and soybean futures rose on Thursday, with end users stepping in to buy the market one day after prices posted sharp declines. “On hard breaks, the end users really need the supply,” said Don Roose, president of U.S. Commodities in West Des Moines, Iowa. “They are […] Read more

ICE May 2021 canola with 20-, 50- and 100-day moving averages. (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Volatility day-to-day in bullish canola market

By Phil Franz-Warkentin, GFM Network News February 11, 2021

MarketsFarm — The ICE Futures canola market saw some large price moves during the week ended Wednesday, hitting fresh contract highs in many months before profit-taking came forward to weigh on values. With canola trading at historically high price levels, the potential volatility in the marketplace can go to extreme levels without much explanation, analyst […] Read more

Crops, Markets, Pulses

Pulse weekly outlook: Normal yields expected for dry beans in 2021-22

By Adam Peleshaty, GFM Network News February 11, 2021

MarketsFarm — The number of acres seeded for dry beans in Canada in 2020-21 was at its highest level in more than a decade. But this upcoming crop year, acreage and yields are expected to return to normal. Dennis Lange, pulse specialist for Manitoba Agriculture at Altona, said he hadn’t seen yields like last year’s […] Read more

CBOT March 2021 soybeans with 30-, 50- and 100-day moving averages. (Barchart)

Crops, Markets, Reuters

U.S. grains: Corn, soy, wheat fall sharply on profit taking

'We just ran out of bullish news'

By Mark Weinraub, GFM Network News February 11, 2021

Chicago | Reuters — U.S. corn, soybean and wheat futures posted sharp losses on Wednesday on a round of long liquidation by investment funds after all three commodities rallied to multi-year highs in 2021, traders said. “We have really run this market up hard,” said Ben Buie, grain team leader at MaxYield Cooperative in West […] Read more

Signage on a Tweed retail outlet in Winnipeg. (Dave Bedard photo)

Crops, Reuters

Pot producer Canopy Growth sees profit in 2022

Costs cut, revenue increasing

By Reuters, GFM Network News February 10, 2021

Reuters — Canopy Growth Corp., the world’s largest pot producer, said on Tuesday it expects to turn a profit in the second half of 2022 after aggressive cost-cutting and higher demand for cannabis products helped narrow third-quarter losses. Canadian pot producers have been under pressure from investors seeking returns as profits remain elusive due to […] Read more

File photo of a barley field in Argentina. (Juan Pablo Marchelletti/iStock/Getty Images)

Barley, Crops, Markets, Reuters

Argentine truckers end strike, freeing China-bound barley

Canada, France would have been buyers' Plan B

By Hugh Bronstein, Maximilian Heath, GFM Network News February 10, 2021

Buenos Aires | Reuters — Argentine truckers ended a 20-day strike that had blocked access to ports in Buenos Aires province, agricultural industry sources said on Tuesday, following a deal struck with local officials to increase freight-hauling rates. Trucks owners grouped in the informal TUDA association (Transportistas Unidos de Argentina) began blocking highways last month, […] Read more

Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)

Corn, Crops, Markets, Soybeans

CBOT weekly outlook: WASDE unexpectedly bearish for corn

By Glen Hallick, GFM Network News February 10, 2021

MarketsFarm — Corn prices on the Chicago Board of Trade immediately turned sour after Tuesday’s release of the monthly supply and demand report from the U.S. Department of Agriculture. By the time trading closed for the day, soybeans had recovered from losses incurred shortly after the report’s release to finish in double-digits on the plus […] Read more

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

Crops, Markets, Reuters

U.S. grains: Corn tumbles as USDA projects supplies above market expectations

USDA slashes global wheat supply as feeding to increase

By Karl Plume, GFM Network News February 9, 2021

Chicago | Reuters — U.S. corn futures dropped on Tuesday after the U.S. Department of Agriculture (USDA) projected supplies of the grain above market expectations in a monthly report, taking prices down from 7-1/2 year highs posted earlier in the day. Soybean futures rose to a three-week top on a tighter supply outlook by USDA, […] Read more

Crops, Markets, Reuters

U.S. grains: Corn resumes climb ahead of monthly USDA report

Frigid weather in U.S. grain belt lifts wheat

By Karl Plume, GFM Network News February 9, 2021

Chicago | Reuters — U.S. corn futures rallied to a 7-1/2 year peak on Monday on buying ahead of a monthly U.S. government crop report that is expected to show supplies of the grain tightening amid robust demand. Soybean and wheat futures also advanced in anticipation of the U.S. Department of Agriculture (USDA) report scheduled […] Read more

Daily Network News

U.S. livestock: Cattle futures spike, hogs mixed

U.S. grains: Soybean ease on harvest pressure, competition from Brazil

Russia’s top agriculture official blames low global grain prices for export slowdown

Crops

Malt barley demand rises, at home and abroad

U.S. grains: CBOT corn, soybeans rebound on strong demand

ICE weekly outlook: Volatility day-to-day in bullish canola market

Pulse weekly outlook: Normal yields expected for dry beans in 2021-22

U.S. grains: Corn, soy, wheat fall sharply on profit taking

Pot producer Canopy Growth sees profit in 2022

Argentine truckers end strike, freeing China-bound barley

CBOT weekly outlook: WASDE unexpectedly bearish for corn

U.S. grains: Corn tumbles as USDA projects supplies above market expectations

U.S. grains: Corn resumes climb ahead of monthly USDA report

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