GFM Network News

(FIle photo by Allan Dawson)

IGC raises 2016-17 global wheat, corn forecasts

London/ Reuters – The International Grains Council has raised its forecasts for global corn production in the 2016-17 season, largely reflecting improved crop prospects in the United States. World corn (maize) production was upwardly revised to 1.017 billion tonnes, up from a previous projection of 1.003 billion and the prior season’s 968 million. “Better crop prospects […] Read more

A rising tide: Canada leap frogs U.S. in wheat exports

A rising tide: Canada leap frogs U.S. in wheat exports

It’s been decades since that last happened, but some predict our share 
of the global market will continue to rise

Reading Time: 4 minutes Canada is exporting more wheat than the U.S. for the first time in decades. After decades of playing second fiddle to its southern neighbour, the low Canadian dollar and other factors have this country’s exports edging ahead in what some industry observers consider a new trend. Last crop year, Canada exported 23.9 million tonnes of […] Read more

(Scott Bauer photo courtesy ARS/USDA)

U.S. grains: Soybeans climb as China fears wane

Chicago | Reuters –– Benchmark U.S. soybean futures rose 1.5 per cent on Thursday as equity markets stabilized in China, the world’s top soy buyer, and on outlooks for dry weather as the U.S. Midwest growing season winds down, traders said. Corn clung to modest gains on better-than-expected weekly U.S. export sales and spillover strength […] Read more