GFM Network News


Feed weekly outlook: Prices stronger after harvest

Reading Time: < 1 minute MarketsFarm — Feed grain prices have been higher as the harvest has concluded across most of the Canadian Prairies. “It feels like last week and this week, the harvest has wrapped up in many areas,” said Allen Pirness, a trader with Market Place Commodities in Lethbridge. “That should switch the focus for getting the crop […] Read more

Pulse weekly outlook: Fababeans staying on field

Reading Time: < 1 minute MarketsFarm — As other crops make their way into the bin, fababeans across the Prairies are lagging behind. “They’re further behind this year because they were later going in,” said Dale McManus, a broker with Johnston Grains at Welwyn, Sask. Saskatchewan grows over half of Canada’s fababeans, and most are grown around the Yorkton area, […] Read more


CBOT weekly outlook: Export demand underpins commodities

Reading Time: < 1 minute MarketsFarm — Commodity prices on the Chicago Board of Trade (CBOT) have found support from recent increases in global export demand. China has purchased nearly 900,000 tonnes of soybeans for delivery during the current marketing year, which began on Sept. 1. “It’s all about Chinese demand,” said Terry Reilly of Futures International in Chicago. “They […] Read more

StatsCan stocks report shows lower lentils, durum, canola

Lentil supply picture 'extremely tight'

Reading Time: 2 minutes MarketsFarm — Statistics Canada’s stocks of principal field crops report detailed tight ending stocks for lentils durum and canola. As of July 31, lentil stocks totalled just 61,000 tonnes, down by 91.5 per cent from last year. Exports were up by over 30 per cent year-over-year, which accounted for some of the decrease. “It’s an […] Read more


Feed weekly outlook: Prices gain strength

Reading Time: < 1 minute MarketsFarm — Harvest activity in the western Canadian Prairies had depressed feed grain prices at the end of August, but prices have recovered slightly. “There’s been a bit of a break in harvest activity,” Allen Pirness of Market Place Commodities in Lethbridge said. Producers in southern Alberta had been harvesting barley at the end of […] Read more

CBOT weekly outlook: Seasonal harvest pressure weighs on soy, corn

Reading Time: < 1 minute MarketsFarm — Market activity on the Chicago Board of Trade has been characteristic for September, with harvest activity keeping pressure on values. “The trend for September turns to the downside as harvest starts to pick up,” said Steve Georgy of Barrington Commodities at Barrington, Ill. However, next week’s world agriculture supply and demand estimates (WASDE) […] Read more


Feed weekly outlook: Grain prices soften into fall

Reading Time: < 1 minute MarketsFarm — Old-crop feed grain prices are converging with new-crop and coming under some seasonal pressure. “As we get closer to new crop, we’ve been seeing the switch to new-crop prices from old-crop,” said Erin Harakal, a senior trader with Agfinity in Lethbridge. Feed barley prices are around $195-$200 per tonne delivered in the Lethbridge […] Read more

Canola crop expectations vary ahead of StatsCan report

Reading Time: 2 minutes MarketsFarm — Statistics Canada is due to publish its first production estimates for Canada’s 2020 growing season on Monday (Aug. 31). Late-season hot temperatures and a lack of rain may cause Canada’s canola production to be lower than originally expected, according to some market participants. Earlier in the growing season, Winnipeg-based FarmLink Agriculture Solutions published […] Read more


CBOT weekly outlook: Markets prepare for Laura

Hurricane approaching U.S. Gulf Coast

Reading Time: < 1 minute MarketsFarm — Hurricane Laura, currently a Category 3 hurricane, is expected to hit the U.S. Gulf Coast late Wednesday or early Thursday but the Chicago Board of Trade is already feeling its effects. “It’s going to bring widespread rain and flooding to the Delta region, where unharvested rice, corn and soybean crops may feel a […] Read more

Pulse weekly outlook: Harvest activity pressures lentils

Reading Time: < 1 minute MarketsFarm — With harvest activity beginning across most of the Prairies, pulse prices are experiencing typical harvest pressure. About 20 per cent of the lentil crop has been harvested in Saskatchewan, according to the province’s crop report from Thursday. The west-central region lagged furthest behind the province’s average rate, with just seven per cent of […] Read more