GFM Network News

Drought-like conditions send U.S. corn, soybeans higher

Severe heat and dryness have hampered U.S. corn and soybean crops lately, causing futures prices to climb higher. If the adverse weather persists, an analyst said there was still more room to the upside. Temperatures have hit triple digits (Fahrenheit) in key growing regions, lending risk to soybean crops and severely damaging corn crops. Scattered […] Read more

Chinese demand absorbing Canadian flax supplies

Canadian flaxseed supplies in the 2011-12 and 2012-13 crop years will be on the tight side, as China has replaced Europe as a key export destination for the commodity. From the 2011 season up to April 2012, China imported 85,700 tonnes of flax, up from 35,000 tonnes during the entire 2010-11 season. Europe limited its […] Read more

Prairie crops seen surviving heavy rains

Localized heavy rains in Saskatchewan and western Manitoba have delayed seeding on remaining acres for various crops — but the precipitation should not have washed away any seeds. Northeastern Saskatchewan, for instance, saw about 50 millimetres. Other numbers from Environment Canada put weekend totals in the northwest of the province at nearly 100 millimetres. "It’s […] Read more

Drought unlikely for Prairie crops, rain to delay harvest

The likelihood of a drought developing over Western Canada’s grain and oilseed crops this summer is seen as unlikely because timely precipitation — sometimes in excess — is anticipated. In fact, according to a U.S.-based weather forecaster, the longer-range outlooks suggest rains during the summer could end up stalling the harvest in the fall. Drew […] Read more