GFM Network News


U.S. farming body, Zambian firm partner aim to boost crop yields

Country rebuilding drought-battered ag sector

Lusaka | Reuters — A U.S. non-profit organization has launched a US$40 million joint venture with one of Zambia’s top farm suppliers to boost crop yields and food security as farmers struggle to access finance amid the COVID-19 pandemic, the local company said on Sunday. The chairman of African Green Resources (AGR), Zuneid Yousuf, said […] Read more

Feed weekly outlook: Cheaper corn to temper rising barley bids

Lack of farmer selling a factor in bids

MarketsFarm — Rising feed barley prices in Western Canada may be nearing their upper limit, as end users look to add more cheaper corn to their rations. “The higher that barley and wheat get, the more attractive corn gets,” said Mike Fleischhauer of Eagle Commodities in Lethbridge. “If barley and wheat go any higher, we’ll […] Read more



CBOT weekly outlook: Ag commodities steady

Slack demand for biofuel has dragged on corn

MarketsFarm — Crop commodity values on the Chicago Board of Trade (CBOT) have largely stabilized as COVID-19 restrictions are relaxed in several U.S. states. “We’ve been playing this virus for a few months now,” said Scott Capinegro of Barrington Commodities in Barrington, Ill. COVID-19-related lockdown measures decimated demand for ethanol, which put considerable pressure on […] 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


COVID-19 spurs new clash between Big Oil, Big Corn

Flagging consumption leads to pressures on U.S. fuels, biofuels

New York | Reuters — A fuel demand meltdown caused by the coronavirus outbreak in the United States has started up a new fight between the oil and agriculture industries over the nation’s biofuel policy, this time over whether the policy should be suspended or expanded as a result of the crisis. The issue once […] Read more




Feed weekly outlook: Barley, wheat remain firm

Feed corn values follow U.S. ethanol lower

MarketsFarm — Prices for feed barley and wheat have firmed up across the Prairies amid the COVID-19 pandemic, said trader Allen Pirness of Market Place Commodities in Lethbridge. However, he also noted corn prices have fallen due to the steep decline in the U.S. ethanol industry. The Saudi Arabia/Russia crude oil price war put enormous […] Read more