GFM Network News


ICE November 2021 canola (candlesticks) with 20-, 50- and 100-day moving averages (light yellow, dark yellow, dark green lines). (Barchart)

ICE weekly outlook: Challenging crop year ahead for canola

MarketsFarm — With declines in canola following Statistics Canada’s bullish-leaning projections for acres, it’s becoming more difficult to determine which way prices will trend in coming weeks and months. “Where are prices going to go? In any given year that’s challenging, especially in this year,” said David Derwin, analyst for PI Financial in Winnipeg. “That […] Read more

CBOT July 2021 wheat with Bollinger (20,2) bands. (Barchart)

U.S. grains: Corn, wheat, soy step back after reaching new eight-year highs

Wheat at highest since February 2013 after U.S. crop rating fall

Chicago | Reuters — Chicago corn, wheat and soybean futures ended Tuesday lower after extending a rally to eight-year highs, supported by corn supply worries as adverse weather cast early doubts over harvest prospects in top exporters Brazil and the United States. A sharp decline in weekly U.S. wheat crop ratings also kept the focus […] Read more


(Dave Bedard photo)

More canola, less wheat expected ahead of StatsCan report

'Returns per acre are just so much stronger'

MarketsFarm — Canadian farmers are seen as likely to plant more canola and barley and less wheat this spring, as market participants await the first survey-based estimates from Statistics Canada on Tuesday to confirm the extent of that shift. “Canola will gain acres and wheat will lose acres,” said MarketsFarm Pro analyst Mike Jubinville, pointing […] Read more

CBOT May 2021 corn (candlesticks) with 20- and 40-day moving averages (yellow and orange lines). (Barchart)

U.S. grains: Corn, soy climb to multi-year highs

Tight supplies, weather woes supportive; wheat also up

Chicago | Reuters — U.S. corn and soybean futures climbed to multi-year highs on Wednesday, supported by firm cash markets as old-crop supplies dwindle and weather issues threaten prospects for the 2021 harvests, analysts said. Wheat futures also rose, drawing additional support from frosty temperatures in the Plains and Midwest. Chicago Board of Trade May […] Read more


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Pulse weekly outlook: Slight increase in lentil acres likely

Increase 'won't be as big as people think'

MarketsFarm — Lentil acres are likely to increase slightly when farmers take to planting this spring, according to Marlene Boersch of Mercantile Consulting Venture Inc. in Winnipeg. The pulse industry will get a better idea of what will be going into the ground over the coming weeks on April 27, when Statistics Canada releases its […] Read more

CBOT May 2021 corn (candlesticks) with 20-day moving average (yellow line) and December 2021 corn (orange line). (Barchart)

U.S. grains: Corn up on weather outlook, weaker dollar

CBOT May wheat down, K.C. May wheat up

Chicago | Reuters — U.S. corn futures rose on Monday, flirting with multi-year highs set last week, as forecasts for frosty weather and precipitation raised concerns about the pace of planting and germination, analysts said. A weaker dollar lent support, theoretically making U.S. grains more competitive globally. Soybeans followed corn higher, but wheat was choppy, […] Read more


CBOT May 2021 soybeans (candlesticks) with 20-, 40- and 50-day moving averages (gold, green and black lines). (Barchart)

U.S. grains: Soybean futures rise

Wheat eases, corn mixed, traders focused on weather

Chicago | Reuters — U.S. soybean futures rose on Friday, gaining ground on corn contracts as the market tried to entice farmers to boost acreage of the oilseed despite the yellow grain’s rally to its highest in nearly eight years earlier this week. “The last two weeks all the talk has been about the corn […] Read more

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

U.S. grains: Corn futures retreat from peak above $6

Wheat, soybean futures rise

Chicago | Reuters — U.S. corn futures closed mixed on Thursday, with the most-active contract easing on pressure from commercial hedging after spiking above US$6 a bushel for the first time since June 2013 during overnight trading. But concerns about seeding delays due to cold weather in the U.S. Midwest lifted new-crop corn contracts. Weather […] Read more


Kansas City May 2021 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange, green lines). (Barchart)

U.S. grains: Futures rally on weather concerns

Wheat futures book biggest increases

Chicago | Reuters — U.S. wheat, corn and soybean futures rallied on Wednesday, supported by concerns that a cold snap in the U.S. Midwest and Plains could hamper crop development, traders said. Chicago Board of Trade corn gained 2.4 per cent to hit its highest since June 2013. Wheat futures posted the biggest increases, with […] Read more

ICE May 2021 canola with Bollinger (20,2) bands. (Barchart)

ICE weekly outlook: Canola fundamentals still strong in volatile market

MarketsFarm — ICE Futures canola contracts moved higher during the week ended Wednesday, with the largest gains in the old-crop months amid ongoing concerns over tight supplies. Day-to-day activity could remain volatile at times, but underlying fundamentals should remain supportive heading into the 2021 growing season, according to an analyst. While canola futures have traded […] Read more