GFM Network News


CBOT November 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

U.S. grains: Soybeans, wheat fall

CBOT corn ends slightly firm

Chicago | Reuters — U.S. soybean and wheat futures fell on Thursday while corn firmed slightly, with all three commodities closing well off their session peaks on a round of profit taking after rallying to their highest since mid-June, traders said. Forecasts for improving crop weather in the U.S. Midwest added pressure. CBOT November soybeans […] Read more

CBOT July 2021 soybeans (candlesticks) with 20- and 100-day moving averages (green and black lines) and ICE November 2021 canola (yellow line, left column). (Barchart)

U.S. grains: Soy eases on improved weather view

Chicago corn mixed, wheat down

Chicago | Reuters — U.S. soybean futures fell on Tuesday on an improved weather outlook for the Midwest crop belt, analysts said. The forecasts for cooler and wetter conditions later this month also pressured new-crop corn futures on the Chicago Board of Trade (CBOT), although front-month July gained against back months on spreads, reflecting tight […] Read more


(OceanFishing/iStock/Getty Images)

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

Pinto beans. (Vergani_Fotografia/iStock/Getty Images)

Pulse weekly outlook: Manitoba crops emerge despite dry soils

Beans 'tougher than people think'

MarketsFarm — While Manitoba continues to deal with drought conditions in many growing areas, planting of pulses and soybeans is near done and some pulses are starting to emerge. “Pea and fava bean seeding wrapped up a while ago,” said Cassandra Tkachuk, production specialist for Manitoba Pulse and Soybean Growers (MPSG). “Dry bean planting actually […] Read more


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

U.S. grains: Soybeans, corn ease on inflation fears

Stronger U.S. dollar also pressures prices

Chicago | Reuters — Chicago soybean and corn futures eased on Thursday, pressured by a firming dollar and fears of food price inflation, though concerns of hot, dry weather in growing areas offered support, traders said. The most-active soybean contract on the Chicago Board of Trade fell 13-1/4 cents to $15.49-1/4 per bushel, while new-crop […] 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

File photo of a pea crop south of Ethelton, Sask. on Aug. 1, 2019. (Dave Bedard photo)

Pulse weekly outlook: Peas, beans hold up in dry Manitoba

MarketsFarm — Of the pulses being planted in Manitoba this spring, field peas and dry beans appear the best able to handle the difficult drought conditions the province continues to experience throughout its growing areas. Field peas “have a relatively low water requirement, similar to dry beans,” Cassandra Tkachuk, production specialist with Manitoba Pulse and […] Read more


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

U.S. grains: Corn up on another sale to China

CBOT wheat, soybeans fall

Chicago | Reuters — U.S. corn futures rose for the second day in a row on Tuesday, supported by strong export demand as well as concerns that forecasts for dry weather in parts of the U.S. could stress the recently seeded crop, traders said. Wheat and soybean futures weakened on a technical setback after failing […] Read more

CBOT July 2021 corn (candlesticks) with 20-day moving average (dark green line) and December 2021 corn (yellow line). (Barchart)

U.S. grains: Corn futures pierce eight-year peak

Soy rallies on supply worries

Chicago | Reuters — Chicago Board of Trade corn futures extended a rally above eight-year highs on Thursday as dry weather threatened harvest yields in major exporter Brazil and kept traders’ focus on ebbing global supplies. Soybeans approached an 8-1/2-year peak reached last week, buoyed by rallying vegetable oil prices, and wheat was also higher. […] Read more