GFM Network News


U.S. grains: China tensions cap soybeans’ gains

Corn prices up slightly on trade optimism; wheat falls back slightly

Chicago | Reuters — U.S. soybean futures climbed on Thursday, boosted by demand from China, although escalating tensions between Beijing and Washington capped gains. Corn edged higher as optimism over possible continued buying from China offset strong crop conditions. Wheat scaled back on technical selling. The most-active soybean contract on the Chicago Board Of Trade […] Read more



U.S. grains: Corn drops to three-week low

Soybeans ease despite crop rating fall as China news weighed

Chicago | Reuters — U.S. corn futures fell for a second straight session on Tuesday and touched a three-week low on an unexpected rise in government crop condition ratings and favorable U.S. Midwest weather that was seen bolstering the recently planted crop. Soybean prices also eased, despite a decline in the U.S. Department of Agriculture’s […] Read more

U.S. grains: Corn falls on good crop weather

Chinese demand for U.S. farm products underpinning markets

Chicago | Reuters — U.S. corn futures declined for the first time in four sessions on Monday as warm weather and scattered rains across a large swath of the Midwest farm belt bolstered development of the recently planted crop. Soybeans were mostly lower as favourable U.S. weather outweighed support from improving demand from top importer […] Read more


U.S. grains: Corn slumps as ethanol production hits decade low

Improved U.S. wheat crop ratings raise expectations of bumper supplies

Chicago | Reuters — Chicago corn futures slumped on Wednesday, giving up part of the previous session’s gains, as the U.S. government reported the U.S. ethanol industry saw a near-decade low in weekly production amid massive stocks. Wheat futures followed in mid-day trading, as investors squared up their positions ahead of Thursday’s world agriculture supply […] Read more

U.S. grains: Crop condition rating lifts corn

Chicago | Reuters — U.S. corn futures rebounded on Tuesday from four-month lows struck in the previous session after the U.S. Department of Agriculture said the U.S. crop’s condition unexpectedly declined over the past week. Soybeans followed corn higher despite steady crop condition ratings, as worries about lower yields in the late-developing crop underpinned prices. […] Read more


Saskatchewan mustard crop poised for strong finish

MarketsFarm — Mustard crops in southwestern and south-central Saskatchewan may have received enough rain to turn themselves around after a dry spring. “The area south of Highway 1 saw a lot of rain this year,” said Kevin Hursh, executive director of the Saskatchewan Mustard Development Commission. “They’ve seen a huge turnaround in their crop potentials.” […] Read more

Saskatchewan canary seed crops may not recover

MarketsFarm –– Canary seed crop yields may be hampered by dry early summer conditions, and rain that didn’t come quite soon enough. Saskatchewan’s west-central region, home to the lion’s share of the province’s canary seed crops, received very little rain during the spring and early summer. “That area was beyond recovery when the rain finally […] Read more



Rain has greatly boosted prospects in the north and central areas, but much of the south and Peace are bone dry.

Rain turns fortunes around for many, but not all

In the north and central regions, crops are looking very good, but the south and Peace are suffering

Some much-needed moisture during the month of June may have turned this year’s crop prospects around — at least in some parts of the province. “It’s been an interesting growing season so far — from a very dry May to the central areas getting quite a bit of precipitation in June,” provincial crop specialist Mark […] Read more