Reading Time: 2 minutes London/Wellington | Reuters — Britain and New Zealand have reached agreement in principle on a free trade deal designed to reduce tariffs, improve services trade, and take London one step closer to membership in a broader trans-Pacific trade agreement. Prime ministers Boris Johnson and Jacinda Ardern sealed the deal in a Zoom call on Wednesday […] Read more
Markets
Must Reads
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![Soybeans being loaded for shipping.]()
U.S. grain exports sink as Gulf terminals struggle to recover from Hurricane Ida
Reuters – U.S. grain exports slumped to their lowest level in years in early September as shippers struggled to restart…
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![Statistics Canada uses satellite-based modelling to determine yield projections, which doesn’t always match with what is observed on the ground.]()
StatsCan reduces yield projections for soy, increases corn yield
Ontario and U.S. corn and soybean production estimates have been raised since last month. Statistics Canada released its satellite model…
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![The fundamentals for corn and soybeans will remain historically tight for the 2021-22 crop year so the markets are very sensitive to production estimates such as the one recently released by Statistics Canada.]()
Statistics Canada yield estimates useful for market predictions
Statistics Canada released its first yield and production estimate on Aug. 30. Satellite technology was used to model crop yields…
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![When the mainstream media is reporting about high crop prices, it’s likely a sign that the top of the market has been reached.]()
Markets education started at the farm
I’ve been writing the Farmtario market column for some time and have enjoyed the feedback from farmers and industry representatives.…
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Hot U.S. beef market set to cool off
Glacier FarmMedia – The American beef market is declining and likely to work lower after a spring of phenomenal demand,…
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Shipping container crisis
A shortage of shipping containers to export last year’s Identity Preserved soybeans is plugging elevators just as Ontario farmers prepare…
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Stories from our other publications
Britain, New Zealand strike free trade deal
‘Containergeddon’ drives sugar, rice shippers back to bulk vessels
Reading Time: 2 minutes New York | Reuters — Food traders are switching from containers back to dry bulk vessels to transport refined sugar and rice, hoping to avoid shipping delays caused by container shortages and port congestion the industry is calling “containergeddon,” according to traders. Container-based transportation has been hit by sky-high costs and delays amid booming shipping […] Read more
Mexico won’t limit GMO corn imports from U.S., ag minister says
Reading Time: < 1 minute Ankeny, Iowa | Reuters — Mexico’s agriculture minister said the country would not limit imports of genetically modified (GMO) corn from the United States during a meeting with U.S. Agriculture Secretary Tom Vilsack in Iowa on Wednesday. Mexico published an executive order late last year that sought to ban in three years the use of […] Read more
U.S. grains: Wheat firms on global supply concerns
Fertilizer risks underpin corn; soybeans weighed by harvest, firmer crush lends support
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat rose on Friday, supported by global supply concerns and an easing dollar. Corn followed wheat higher, but gains were dragged down by pressure from a lower soybean market as U.S. farmers reap better-than-expected harvests of the oilseed. The most-active wheat contract on the Chicago Board of Trade (CBOT) ended […] Read more
U.S. livestock: CME live cattle falls as cash market idles
Lower cash, pork prices drag on lean hogs
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell, pressured by a stagnant cash market and processing backups, traders said. CME December live cattle futures settled down 1.225 cents at 128.325 cents/lb. January feeder cattle futures eased 2.675 cents to end at 157.325 cents/lb. For the week, live cattle futures lost 2.35 cents, […] Read more
Canada to wind down broad-based COVID aid programs
Feds opt for targeted measures as economy recovers
Reading Time: 2 minutes Ottawa | Reuters — Canada will not extend existing broad-based COVID-19 support programs for companies and individuals when they expire on Saturday because the economy is recovering well, Finance Minister Chrystia Freeland said on Thursday. Instead, Ottawa will introduce more targeted and less costly measures for hard-hit sectors such as the tourism industry. The new […] Read more
U.S. livestock: CME lean hogs fall on sluggish export sales
Weaker exports drag on cattle also
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell for a third session on Thursday, pressured by weak export activity, traders said. CME December lean hog futures settled down 2.825 cents at 73.2 cents/lb., its biggest drop since Sept. 10 (all figures US$). CME February hogs ended down 2.55 cents at 76.675 cents/lb. […] Read more
U.S. grains: Soy down on South American weather, technical pressure
Firm U.S. dollar weighs on wheat; rising crop input costs supportive for corn
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures fell on Thursday after five straight sessions of gains, pressured by technical resistance and beneficial forecasts for rain in top export competitor Brazil. Wheat eased from a two-week high hit earlier on Thursday as weaker crude oil prices and a firmer U.S. dollar offset tightening global supplies. Corn […] Read more
Feds tighten forecast for wheat carryout
Reading Time: 2 minutes MarketsFarm — Canadian wheat carryout for the 2021-22 crop year will be even tighter than earlier forecasts, according to updated supply/demand estimates from Agriculture and Agri-Food Canada (AAFC), released Wednesday. The October report included only minor adjustments for most crops, with the most notable change from September being a 500,000-tonne reduction in projected wheat ending […] Read more
Rains make sunny days for sunflower crops
Reading Time: 2 minutes MarketsFarm — Despite drought conditions throughout southern Manitoba decimating crops during the summer, late rain showers in some areas are improving harvests of one crop in particular. Precipitation in August helped improve the sunflower seed harvest in areas of Manitoba, with the province reporting on Oct. 13 average yields of more than 2,000 lbs. per […] Read more
GFM Podcasts
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Seeding – and breeding – our future
October 21, 2021- Listen Now →
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