GFM Network News

(Photo courtesy Canada Beef Inc.)

Feed weekly outlook: Prairie feed grain market inching higher

Reading Time: 2 minutes CNS Canada — The feed grain market in Western Canada is starting to firm up as a lack of farmer selling has supplies tightening. “It seems like we’re kind of moving higher here at the moment. Markets have a firmer tone to them for now,” said Allan Pirness of Market Place Commodities in Lethbridge. “Barley […] Read more

ICE January 2019 canola, with 20-day moving average. (Barchart)

ICE weekly outlook: Cheaper canola could stir up export interest

Reading Time: 2 minutes CNS Canada — The ICE Futures canola market has seen contracts become cheaper of late, which could lead to an increase in demand — but the market is also still closely following the ongoing saga between China and the U.S. “Everybody’s just waiting for some kind of news regarding China possibly purchasing U.S. beans. They […] Read more

Farmer Brian Derksen seeds wheat on May 2, 2017 near Miami, Man., about 80 km south of Portage la Prairie. (Screengrab from Allan Dawson video)

Trade, weather top of mind for 2019 acres

Reading Time: 2 minutes CNS Canada — As Canadian farmers start thinking about what to plant next spring, global trade patterns and weather will play into decision making. “It’s very difficult to decide where this all is going. That obviously also has implications on where the futures prices go and what signals the farmers are taking from that,” said […] Read more

(Video screengrab from AGT via YouTube)

AGT’s privatization to proceed

Reading Time: 2 minutes CNS Canada — AGT Food and Ingredients has announced a definitive agreement to take the publicly-traded Saskatchewan pulse and durum processing and export firm private. If all conditions are met, the deal is expected to go through in the first quarter of 2019. The buyer group, including AGT CEO Murad Al-Katib, Fairfax Financial Holdings Limited […] Read more

(Dave Bedard photo)

December StatsCan report could vary from years past

Reading Time: 2 minutes CNS Canada — After this fall’s long, drawn-out harvest, some analysts predict Statistics Canada’s final Production of Principal Field Crops numbers could vary from the usual pattern. StatsCan’s report, due out Thursday, is a “very uncertain” report “because that was probably one of the most bizarre falls we’ve ever had on the Prairies,” said Ken […] Read more

CBOT December 2018 corn (orange) and January 2019 soybeans (green). (Barchart)

CBOT weekly outlook: Markets quiet heading into holidays

Reading Time: 2 minutes CNS Canada — Traders aren’t expecting much to move corn and soybean markets in upcoming weeks as the U.S. moves into holiday mode. “These markets are going to just be very choppy and of course we’re going into December and nobody likes to work (during the holiday season). There’s more parties, Washington goes on Christmas […] Read more