GFM Network News


CBOT weekly outlook: Export demand supports wheat, soy

Lower U.S. dollar also supportive

MarketsFarm — Strong global demand, paired with concerns of dry growing conditions in key regions, has spurred U.S. wheat prices higher. “Some countries are getting nervous with the persistent dryness in several regions, which could reduce the supply of quality global wheat,” said Terry Reilly of Futures International in Chicago. Dry growing conditions in Ukraine, […] Read more

Manitoba winter wheat, fall rye seeding deadlines extended

MASC spots growers an extra two weeks

Manitoba’s provincial crop insurance agency will spot growers of fall rye and winter wheat an extra couple of weeks to get insurable crops in the ground. Manitoba Agricultural Services Corp. (MASC) announced Tuesday that growers can get full coverage on winter wheat or fall rye seeded from Aug. 15 to Sept. 25, and reduced coverage […] Read more



Attention turns to yield potential after StatsCan report

Future tweaks to acreage numbers seen as unlikely to sway markets

MarketsFarm — Updated acreage estimates from Statistics Canada came largely within market expectations, with the focus now shifting to growing conditions and yield potential. The survey was completed in early June “and may not have captured all of the seeding delays and potential shifts that may have happened in central/northern Alberta and northwestern Saskatchewan because […] Read more


ICE weekly outlook: Attention on weather after short-covering rally in canola

MarketsFarm — ICE Futures canola contracts have recovered off of lows hit at the beginning of the month, with speculative short-covering a feature as attention in the markets turns to North American growing conditions. While canola ran into some resistance Wednesday, there may still be more room to the upside. Canadian canola is at a […] Read more



U.S. grains: Corn, soybeans drift lower on favourable crop prospects

CBOT July wheat up on short-covering

Chicago | Reuters — U.S. corn and soybean futures drifted lower on Thursday as generally favourable U.S. Midwest crop weather bolstered expectations for large harvests, analysts said. “We just don’t have enough demand … to overcome the good growing conditions that are seen across the Midwest,” said Brian Hoops, president of Midwest Market Solutions. So […] Read more



ICE weekly outlook: Canola steady at midweek

Spring seeding more or less underway

MarketsFarm — After showing considerable strength in prior trading sessions, canola contracts were either side of unchanged at midweek. David Derwin of P.I. Financial in Winnipeg said canola was holding steady in comparison to other vegetable oils. “There’s general weakness in other markets, but canola hasn’t had too much of a move,” he said. Considerable […] Read more