GFM Network News


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Corn stocks cut in USDA WASDE report

MarketsFarm — Corn ending stocks in the U.S. are forecast to be tighter than earlier expectations for both old- and new-crop, according to the U.S. Department of Agriculture’s world agricultural supply and demand estimates (WASDE) released Thursday. USDA projects 2021-22 ending stocks for corn to be at 1.357 billion bushels, a 150 million-bushel or 10 […] Read more

Green lentils. (Savany/iStock/Getty Images)

Pulse weekly outlook: India’s tariff elimination has little effect on Canada

MarketsFarm — A temporary elimination of some import duties on three pulses currently has little effect on Canada, according to Mac Ross, director of market access and trade policy for Pulse Canada. Earlier in mid-May, the Indian government ordered the suspension of tariffs on pigeon peas, mung beans and urad/black gram lentils until Oct. 31. […] Read more


Barley. (Photo courtesy Canada Beef Inc.)

Feed weekly outlook: Canada’s barley exports show no signs of slowing

MarketsFarm — Tight Canadian barley supplies, due in part to surging export demand, have kept feed grain bids well supported in the Prairies over the past few months. The cupboards, however, are not quite bare, with weekly Canadian barley exports hitting their second-highest level of the crop-year-to-date. Canada exported 175,500 tonnes of barley during the […] Read more

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IGC expects larger world grain crop but tighter stocks

MarketsFarm — World grain production is forecast to hit a new record in 2021-22, but increasing demand should still cause ending stocks to tighten to their lowest level in seven years, according to updated projections from the International Grains Council. Total grain production — which includes wheat, corn and other coarse grains — is forecast […] Read more



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

CBOT weekly outlook: Commodities see ‘much needed’ correction

'You’re not going to go up every day'

MarketsFarm — A bullish market and sharp increases in commodities at the Chicago Board of Trade (CBOT), turned downward Wednesday in what Sean Lusk of Walsh Commercial Hedging Services called a “much needed correction.” Prices pulled back that day by varying degrees for soybean, corn and wheat futures, coinciding with declines in other commodity futures […] Read more


CBOT July 2021 corn with 20-, 50- and 100-day moving averages (yellow, orange, green lines). (Barchart)

U.S. grains: Corn tumbles on long liquidation

CBOT soy, wheat modestly higher

Chicago | Reuters — U.S. corn futures fell for a third straight session on Friday, with the benchmark July contract hitting a two-week low on fund-driven long liquidation amid easing concerns about dwindling supplies, analysts said. Soybean and wheat futures closed higher. Chicago Board of Trade July corn futures settled down 31 cents at $6.43-3/4 […] Read more

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

U.S. grains: Corn limit-down on profit-taking, bearish USDA data

Chicago soybeans, wheat follow

Chicago | Reuters — U.S. corn futures fell more than five per cent on Thursday on profit-taking after recent multi-year highs and follow-through selling, a day after the U.S. Department of Agriculture forecast larger-than-expected domestic stocks, analysts said. Soybean and wheat futures fell sharply, also retreating from multi-year highs. “Today is all about a long […] Read more


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CBOT weekly outlook: Markets react to WASDE

MarketsFarm — Trading at the Chicago Board of Trade (CBOT) was mostly affected by the release of the U.S. Department of Agriculture’s supply and demand estimates (WASDE) released earlier today. Corn, wheat and soybeans were all projected for greater worldwide production in the 2021-22 crop year compared to the previous year. Worldwide corn production is […] Read more