GFM Network News


Global grain production to increase, IGC predicts

Reading Time: 2 minutes MarketsFarm — The International Grains Council (IGC) issued projections Thursday calling for a slight increase in total global grain production for the current marketing year and for 2020-21. The U.K.-based council forecast world production at 2.175 billion tonnes, which would be an increase of three million tonnes from its February report. The IGC said that’s […] Read more

ICE weekly outlook: Canola, soy crush margins up sharply

Reading Time: < 1 minute MarketsFarm — As canola and other ag commodities made strong gains over the last week, there was something a little strange about them, according to Winnipeg-based trader Bill Craddock. Crush margins, he said, follow prices for edible oils and meal, as well as the Canadian dollar. It’s all part of the formula used to calculate […] Read more


Prairie cash wheat: Bids surge on U.S. gains, weaker loonie

Reading Time: 2 minutes MarketsFarm — Wheat bids in Western Canada were significantly higher for the week ended Thursday on gains in U.S. markets coupled with a weaker Canadian dollar. Canada Prairie Spring Red (CPSR) wheat saw the largest increases, with bids up by more than $20 per tonne. Increases for Canada Western Red Spring (CWRS) wheat were in […] Read more

Feed weekly outlook: Grain prices mostly steady through market turmoil

Reading Time: < 1 minute MarketsFarm — Despite commotion in markets due to economic impact from the COVID-19 coronavirus pandemic, feed grain prices have been steady, according to Nelson Neumann of Agfinity in Edmonton. Feed prices were in a steady decline since the cold snap around the beginning of January, he said. “This week/last week, we haven’t seen the price […] Read more


Pulse weekly outlook: Increased demand seen, but problems loom

Reading Time: < 1 minute MarketsFarm — Unlike other commodities, pulses aren’t yet feeling ill effects from an economic downturn due to the COVID-19 coronavirus outbreak, according to Marcos Mosnaim of Globeways Canada in Mississauga. With consumers panic-buying, there has been increased demand for pulses, as many are non-perishable, Mosnaim said. “These products will be there for ages,” he said, […] Read more

Prairie cash wheat: Weaker loonie battles lower U.S. futures

Reading Time: 2 minutes MarketsFarm — Wheat bids in Western Canada for the week ended Thursday saw prices for Canada Western Red Spring (CWRS) wheat on either side of steady. Prices for Canada Prairie Spring Red (CPSR) saw a greater range of losses and gains, while prices for Canada Western Amber Durum (CWAD) were steady to higher. There was […] Read more


CBOT weekly outlook: Markets focused on virus, oil prices, stocks

Reading Time: 2 minutes MarketsFarm — From where Steve Georgy sits, commodity markets such as the Chicago Board of Trade (CBOT) are currently focused on only three things. One is the COVID-19 coronavirus — specifically, how the global outbreak affects commodity markets, especially if it results in “the slowing down the movement of grain, the slowing down the movement […] Read more

USDA’s supply and demand report largely stands pat

Reading Time: 2 minutes MarketsFarm — Any changes in the latest monthly supply and demand report from the U.S. Department of Agriculture (USDA) on Tuesday were few and far in between when it came to corn, wheat and soybeans; what the markets largely expected. However, there were some small revisions to the department’s global projections. That meant USDA’s March […] Read more



ICE weekly outlook: In canola, volatility is order of the day, for now

Reading Time: < 1 minute MarketsFarm — Expect the canola market, along with other grains and oilseeds, to remain volatile for the time being, said David Derwin of PI Financial in Winnipeg. “A lot of the markets right now are extremely erratic because of the coronavirus. I think it’s being blown out of proportion, but it is what it is,” […] Read more