GFM Network News

Global wheat production to decrease, USDA says

Reading Time: 2 minutes MarketsFarm — In the latest supply and demand report from U.S. Department of Agriculture (USDA), the global wheat forecast was revised downward due to difficult weather conditions. USDA has now projected 765.53 million tonnes of wheat to be produced in 2019-20, according to the department’s world agriculture supply and demand estimates (WASDE), released Thursday. That’s […] Read more

CBOT weekly outlook: Expected U.S. soybean, corn yields down

Reading Time: 2 minutes MarketsFarm –– The U.S. Department of Agriculture (USDA) September supply and demand report saw downward revisions for corn and soybeans, but kept its estimates for wheat where they were in August. The department on Thursday released its new world agricultural supply and demand estimates (WASDE). “Prices rallied after the report came out because of the […] Read more

Frost strikes in numerous spots in Manitoba

Reading Time: 1 minute MarketsFarm — Numerous areas throughout the growing areas of Manitoba experienced frost, according to the province’s crop report for the week ended Monday. The coldest locations were Sprague in the eastern region, Narcisse in the Interlake and Lake Audy in the southwest, which experienced temperatures of -2 C on Sept. 8. Many other areas saw […] Read more

Pulse weekly outlook: Wrinkles, loss of colour problems for lentils

Reading Time: 1 minute MarketsFarm — As Canada’s lentil harvest comes along slowly, issues with wrinkles and the loss of colour have arisen, according to Markus Mosnaim of Globeway Canada in Mississauga. Loss of colour in green lentils translates to a downgrade, he said. “It can drop to No. 2, depending on how much colour is lost.” Wrinkles, meanwhile, […] Read more

Big changes unlikely in next USDA report

Reading Time: 2 minutes MarketsFarm — Ahead of the next supply and demand report from the U.S. Department of Agriculture, several firms have issued estimates for U.S. corn and soybean yields. USDA is scheduled to release its next world agriculture supply and demand estimates (WASDE) Thursday at 11 a.m. CT. The report will help set the tone for commodities […] Read more

Feed weekly outlook: Barley bouncing back, reducing need for corn

Reading Time: 1 minute MarketsFarm — This year has been proving good for barley, according to trader Allen Pirness of Market Place Commodities in Lethbridge. “A lot of acres went in and that takes the edge off of supply,” Pirness said of the barley crop throughout southern Alberta. There had been a switch to corn in feed rations last […] Read more

ICE weekly outlook: Count on canola remaining rangebound

Reading Time: 1 minute MarketsFarm — Despite three reports to be released between now and Thursday next week, canola is very likely to remain rangebound along with other oilseeds, said David Derwin of PI Financial in Winnipeg. Statistics Canada on Friday will release its report for grain stocks as of July 31; then the federal agency issues its satellite-survey […] Read more

ICE weekly outlook: Canola trade’s eyes on StatsCan report

Reading Time: 1 minute MarketsFarm — Although Agriculture and Agri-Food Canada (AAFC) released its production forecast Wednesday, markets are focused on next week’s production report from Statistics Canada — a survey-based report which should provide a clearer picture of what’s to come. AAFC’s August report kept the canola production estimate at July’s 18.575 million tonnes. “Maybe we’ll see if […] Read more

Winter wheat harvest varies by province

Reading Time: 2 minutes MarketsFarm — Depending where a farmer is located, Canada’s winter wheat crop has varied this year. Ontario has long been the country’s powerhouse for winter wheat. Statistics Canada projected the province’s farmers to seed just over one million acres this year, nearly 75 per cent of Canada’s total winter wheat acres. However, Marty Vermey, senior […] Read more