GFM Network News


Prairies hit hard by drought

Prairies hit hard by drought

Parts of south-central, southwestern Manitoba among driest

Reading Time: 2 minutes MarketsFarm — A new nationwide drought map released by Agriculture and Agri-Food Canada’s Canadian Drought Monitor (CDM) shows just how dry conditions are in the Prairies, especially in Manitoba and Saskatchewan. Areas in southern Manitoba and southern Saskatchewan have experienced at least six months of drought conditions, according to CDM’s drought assessment as of March […] Read more

Percentage of average precipitation in Western Canada for the 90 days ending April 5, 2021. (Agriculture and Agri-Food Canada map)

Manitoba forage, grassland growers burned by drought

Reading Time: 2 minutes MarketsFarm — An ongoing lack of precipitation, which is showing no signs of letting up in the coming months according to weather forecasts, is already causing problems for Manitoba’s forage and grasslands. Growers in the province have had to deal with three straight years with lower-than-normal precipitation. In 2019, multiple rural municipalities in Manitoba’s Parkland […] Read more


(Vaclav Volrab/iStock/Getty Images)

Feed weekly outlook: Alternatives in greater demand

Reading Time: 2 minutes MarketsFarm — Price increases for feed barley and wheat in Western Canada have caused more feeders to look elsewhere for sustenance for their livestock. Prices over the last year have shot up 25 to 40 per cent, according to Prairie Ag Hotwire. “Any time you run into a high-priced commodity market, the cost of feeding […] Read more

MGEX May 2021 wheat (candlesticks) with K.C. May 2021 wheat (yellow line) and CBOT May 2021 wheat (green line). (Barchart)

Spring wheat slowly regains premiums

Reading Time: 2 minutes MarketsFarm — Nearby Minneapolis spring wheat contracts have historically traded at a premium compared to their Chicago and Kansas City soft wheat counterparts. And after a winter during which that premium had all but disappeared, spring wheat has so far made gains in 2021. Since the start of the year, both spring wheat contracts have […] Read more



MGEX May 2021 wheat (candlesticks) with K.C. May 2021 wheat (orange line), CBOT May 2021 wheat (red line) and Canadian dollar in U.S. cents (green line). (Barchart)

Prairie cash wheat: Bids mixed as loonie jumps

Reading Time: 2 minutes MarketsFarm — Bids for Canada Western Red Spring (CWRS) and Canada Western Amber Durum (CWAD) wheats dropped while those for Canada Prairie Spring Red (CPSR) wheat made their way upward during the week ending Wednesday. Wheat futures in the U.S. were mixed, while the Canadian dollar rose. The market reacted to both the prospective plantings […] Read more


A man waves an Egyptian flag after the Ever Given, one of the world’s largest container ships, is fully floated on the Suez Canal in Egypt on March 29, 2021. (Photo: Suez Canal Authority handout via Reuters)

Pulse weekly outlook: Shipping delays aggravate growers, exporters

Montreal longshoremen's strike again possible

Reading Time: 2 minutes MarketsFarm — On top of disruptions to major supply chains and shipping routes already due to the COVID-19 pandemic, recent events are causing even more headaches for pulse exporters and growers. The six-day blockage of the Suez Canal by the grounded container ship Ever Given caused a major backup of container ships, tankers and other […] Read more

Photo: ARS/USDA

Hog market recovering from pandemic lows

China again a major driver of hog values

Reading Time: 2 minutes MarketsFarm — In April 2020, during the early days of the COVID-19 pandemic, prices for lean hog futures dropped to their lowest point since 2002, falling below US$40 per hundredweight. Nearly a year later, the industry is in the middle of a speedy recovery. At the Chicago Mercantile Exchange (CME) on Thursday, lean hog futures […] Read more


(Photo courtesy Canada Beef Inc.)

Feed weekly outlook: Prices to remain strong in spring

Reading Time: 2 minutes MarketsFarm — Higher prices for feed grains in Western Canada are expected to stay that way, according to a trader in Alberta. Erin Harakal, senior trader for Agfinity at Stony Plain, Alta., said factors such as increased demand overseas and depleted domestic stocks will continue to keep prices elevated for feed grains. While she doesn’t […] Read more

The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)

CBOT weekly outlook: Markets move ahead of USDA report

Reading Time: 2 minutes MarketsFarm — Chicago Board of Trade (CBOT) market participants are awaiting next week’s prospective plantings report from the U.S. Department of Agriculture (USDA), due out March 31. Ahead of the report, average trade estimates predict 93 million acres of corn, 90 million acres of soybeans and 46 million acres of wheat will be planted in […] Read more