GFM Network News


CBOT weekly outlook: Bullish USDA report sends soy, corn up sharply

MarketsFarm — Soybean and corn yields in the United States ended up much smaller than early expectations, according to updated supply and demand estimates released Tuesday by the U.S. Department of Agriculture. The resulting drop in production and ending stocks has sent futures rallying to new contract highs, with more gains likely. Average U.S. soybean […] Read more

CBOT weekly outlook: Eyes on U.S. election, next supply and demand report

MarketsFarm — With no final results yet Wednesday in the U.S. presidential election, there has been very little, if any, effect on the Chicago Board of Trade (CBOT), according to Allendale Inc. president Steve Georgy. “For the grain markets there hasn’t been a higher impact yet, but it is rather quiet,” he said from McHenry, […] Read more


USDA’s WASDE bullish for soy, corn, wheat

MarketsFarm — The October world agricultural supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA) shows lower U.S. ending stocks for soybeans, corn and wheat. Projected U.S. soybean ending stocks for 2020-21 were lowered to 290 million bushels from last month’s projection of 460 million. Last year, carryout stocks were at 523 […] Read more



StatsCan adjusts expected corn, soy harvests upward

Satellite models predict higher yields on fewer acres

Statistics Canada’s latest batch of satellite-modelled crop data includes slightly raised expectations for Canadian corn and soybean harvests this fall. StatsCan on Monday released model-based principal field crop estimates for the period ending Aug. 31, suggesting higher soy and corn numbers than seen in its Production of principal field crops report released Aug. 31, which […] Read more






StatsCan forecasts near-record corn crop

MarketsFarm — Canada’s corn crop is forecast to be the second largest on record despite a delayed start to spring planting, as yields showed an improvement from earlier forecasts, according to updated production estimates Thursday from Statistics Canada. Using a combination of satellite imagery, previous survey data, and agro-climatic data, the latest Statistics Canada report […] Read more

Big changes unlikely in next USDA report

MarketsFarm — Ahead of the next supply and demand report from the U.S. Department of Agriculture, several firms have issued estimates for U.S. corn and soybean yields. USDA is scheduled to release its next world agriculture supply and demand estimates (WASDE) Thursday at 11 a.m. CT. The report will help set the tone for commodities […] Read more