GFM Network News


Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)

CBOT weekly outlook: Rain needed across U.S. Midwest

MarketsFarm — Dry conditions across the U.S. Midwest were among the factors that could affect commodity prices on the Chicago Board of Trade (CBOT) if rain doesn’t come soon, according to Scott Capinegro of Barrington Commodities at Barrington, Ill. Dry conditions in the region could lead to price increases for corn and soybeans. “Across northern […] Read more



CBOT November 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soybeans near seven-month high as dryness threatens crop

Corn up one per cent after storm hits U.S. crop in key growing region

Chicago | Reuters — Chicago soybean futures rallied on Monday to a nearly seven-month high on reports of dry weather in the United States, while corn futures hit their highest in a month on fresh concerns over damage from a storm in Iowa a week ago. August has been one of the driest on record […] Read more

(USDA.gov via Flickr)

U.S. farmers to harvest record-large corn crop, second-largest soy crop, USDA says

Estimates don't include impact of recent Midwest storm

Chicago | Reuters — U.S. farmers will reap their biggest corn harvest and their second biggest soybean harvest this fall as good summer weather shepherded the crops through key phases of development, the U.S. Agriculture Department said on Wednesday. The crop outlooks, which also included average yields for both corn and soybeans as the largest […] Read more


CBOT December 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn futures tread water as Midwest’s farmers assess storm damage

Analysts still expect large U.S. harvest

Chicago | Reuters — U.S. corn futures ended flat on Tuesday as traders and analysts predicted that farmers will harvest a large crop despite a damaging storm that tore across the U.S. Midwest on Monday. Soybean futures were steady, while wheat futures rose on technical buying. Farmers are assessing the damage to their corn from […] Read more

CBOT November 2019 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soybeans up on trade optimism, Midwest weather

Chicago | Reuters — U.S. soybean futures climbed to their highest level in nearly three months on Wednesday before paring gains, supported by optimism about increased Chinese purchases and fears that a winter storm in the upper U.S. Midwest could threaten late-maturing crops. Corn closed modestly lower and wheat was little changed, with both commodities […] Read more


CME June 2019 live cattle with Bollinger (20,2) bands, a gauge of market volatility. (Barchart)

U.S. livestock: Hog futures mixed after hitting three-month high

Chicago | Reuters — U.S. lean hog futures were mixed on Wednesday, with the front-month contract easing on profit-taking after rallying to a three-month high while deferred contracts rose on expectations of tight supplies, traders said. Live cattle contracts were firm following two straight days of declines with concerns about a massive U.S. storm system […] Read more

CBOT May 2019 wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Wheat falls on profit-taking

Chicago | Reuters — U.S. wheat futures eased 1.2 per cent on Wednesday, setting back on a mild round of profit taking after prices posted their biggest rally since last summer on Tuesday. Corn and soybeans ended higher after weakening overnight and early in the day session as traders moved to cover short positions amid […] Read more


This map shows the total amount of precipitation that has fallen across the Prairies so far this agricultural year (which runs from Sept. 1 to Aug. 31) compared to historical amounts. Most regions have seen near-average amounts of precipitation, with only a few small pockets in south-central Alberta and Manitoba receiving below average. Wet areas were found along the northern edges and in southeastern Saskatchewan.

Why Alberta gets more than its fair share of hail

The number or size of thunderstorms is less important than how close the freezing layer is to the ground

Reading Time: 4 minutes It’s time to continue our series of articles on different types of severe summer weather. I like to re-examine these topics every year or two due to the importance of understanding the different types of severe weather, and also because most people find this aspect of weather so fascinating. In this issue we are going to […] Read more

Thunderstorms are powerful events in their own right, but Mother Nature has the ability to add things to the mix to make them even worse.

Mother Nature’s recipe for making very severe thunderstorms

There are some key ingredients that (usually) are 
needed to create a truly wicked summer storm

Reading Time: 3 minutes As the heat continues to build across the Prairies, the chances for thunderstorms have also increased. We began our look at thunderstorm fundamentals that lead to garden-variety thunderstorms. But while these types of thunderstorms are fun to watch, we all know how quickly they can turn into severe thunderstorms. A couple of weeks ago we […] Read more