GFM Network News


CBOT weekly outlook: Markets could go higher after U.S. Thanksgiving

Ethanol data show demand for corn

MarketsFarm — Just ahead of the Thanksgiving holiday in the United States, the Chicago Board of Trade was pulling back a little, generating double-digit losses in most wheat contracts, while corn and soybeans were down by smaller amounts. However, from Steve Georgy, president of Allendale Inc. at Fort McHenry, Ill., sits, the trend after Thanksgiving […] Read more

Cenovus to get Prairies’ biggest ethanol maker in Husky sale

Plants can take up to 750,000 tonnes of wheat, corn, rye per year

A proposed takeover of Husky Energy by Cenovus Energy is expected to create not only Canada’s third-biggest oil and gas producer but also a new owner for the Prairies’ biggest ethanol business. The two Calgary companies on Sunday announced a friendly all-stock deal which would see Husky shareholders get 0.7845 of a Cenovus share — […] Read more


Trump’s payments to farmers hit all-time high ahead of election

Canadian growers seek level playing field

Chicago | Reuters — U.S. President Donald Trump is assuring a bumper year for farmers as the Nov. 3 election approaches, with record government subsidies projected to make up more than a third of farm income in 2020. The aid programs could be key to Trump’s chances of success in swing states such as Wisconsin, […] Read more




Corteva posts weak revenue, disappointing outlook

Reuters — Corteva Inc. on Wednesday missed analysts’ expectations for second-quarter revenue and its reinstated full-year forecast came in below estimates, sending the seed and pesticide producer’s shares down as much as nine per cent in extended trade. Good weather and higher planted area shifted corn volumes in North America to the first quarter, while […] Read more


CBOT weekly outlook: Large corn, soybean crops expected

MarketsFarm – The Chicago Board of Trade (CBOT) continues to watch growing conditions in key regions of the United States, as record yields are expected for corn crops. “Corn is pretty much made,” said Terry Reilly of Futures International in Chicago, Ill. “Conditions have improved significantly, and nobody sees any major problems.” Trade participants expect […] Read more



U.S. grains: Wheat declines as USDA estimates record global stocks

Corn gains on ethanol estimates; soybean traders eye Chinese demand

Chicago | Reuters — Chicago wheat futures slid on Thursday after the U.S. Department of Agriculture estimated global stocks were at a record high in its monthly supply and demand report, traders said. Soybean futures ended nearly unchanged as the USDA lowered export expectations, even after recent purchases from China supported prices. Corn advanced as […] Read more

U.S. grains: Soybeans fall in technical correction

Corn strengthens on ethanol revival; wheat slips as harvest mounts

Chicago | Reuters — Chicago soybean futures closed lower on Monday on technical selling, after reaching a two-month high, following a week of strong export sales. Corn gained as higher oil prices boosted hopes for ethanol demand and concerns loomed over mounting dryness in parts of the Midwest. Wheat slipped as harvests in Texas and […] Read more