GFM Network News


CBOT weekly outlook: Trade looks to weather for support

MarketsFarm — Commodities on the Chicago Board of Trade have been supported by dry growing conditions in key regions of the United States, but remain largely rangebound. “It’s been hot and dry, but it’s tough to pin your hopes on a bull market because sooner or later it will rain,” said Scott Capinegro of Barrington […] Read more

U.S. EPA permits farmers’ use of dicamba until July 31

Court ruling blocked product registrations

Chicago | Reuters — The U.S. Environmental Protection Agency said on Monday that farmers can use existing supplies of a herbicide linked to crop damage, after a federal court blocked sales and use of the product last week. The EPA said farmers have until July 31 to use supplies of dicamba-based herbicides that they had […] Read more


Court blocks sales of dicamba in U.S.

Bayer says it's seeking new EPA registration for 2021

Updated — Reuters — A U.S. appeals court has blocked Bayer from selling an agricultural weed killer in the United States, the latest setback for a business already fighting an expensive legal battle over another product. A three-judge panel of the Ninth U.S. Circuit Court of Appeals ruled the U.S. Environmental Protection Agency (EPA) substantially […] Read more



CBOT weekly outlook: Crude volatility holds down corn, soy

MarketsFarm — Hit by an unprecedented crash in North American crude oil prices, particularly this week, corn and soybeans have struggled at the Chicago Board of Trade, according to Terry Reilly of Futures International. As the May contract for West Texas Intermediate (WTI) wrapped up earlier this week, it crashed so badly its price turned […] Read more

February’s oilseed crush lower than January’s

Canola, soybean crush down on month, StatsCan reports

MarketsFarm — As has often been the case, February 2020’s oilseed crush was lower than January’s, according to Statistics Canada’s latest report released Thursday. More than 812,600 tonnes of canola were crushed in February, down 4.9 per cent from January. Also, there were 144,260 tonnes of soybeans crushed in February, for a drop of 10.7 […] Read more


ICE weekly outlook: Canola, soy crush margins up sharply

MarketsFarm — As canola and other ag commodities made strong gains over the last week, there was something a little strange about them, according to Winnipeg-based trader Bill Craddock. Crush margins, he said, follow prices for edible oils and meal, as well as the Canadian dollar. It’s all part of the formula used to calculate […] Read more

CBOT weekly outlook: Markets focused on virus, oil prices, stocks

MarketsFarm — From where Steve Georgy sits, commodity markets such as the Chicago Board of Trade (CBOT) are currently focused on only three things. One is the COVID-19 coronavirus — specifically, how the global outbreak affects commodity markets, especially if it results in “the slowing down the movement of grain, the slowing down the movement […] Read more


Pulse weekly outlook: Bids underpin Manitoba edible bean area

Province's soybean acres expected to fall

MarketsFarm — Solid prices should keep Manitoba farmers growing edible beans in 2020, although soybean area will likely drop, according to a provincial specialist. Disappointing harvest weather in 2019 hurt yields and cut into harvested area for edible beans in both Manitoba and across the border in the United States. As a result, prices heading […] Read more

Argentine farmers strike to protest export tax hike

Buenos Aires | Reuters — Argentine farmers began a four-day sales strike on Monday to protest the government’s hike of export taxes for soybeans and their byproducts, though shipments were not impacted in the major global food exporter. Three of the South American country’s four main rural associations announced the strike last week in frustration […] Read more