GFM Network News


Feed weekly outlook: Snowfall boosts spot barley bids

Reading Time: 1 minute MarketsFarm — Spot barley prices have received support from last weekend’s snows in southern Alberta, but the major barley-growing regions were mostly spared. While the cold and wet weather has delayed harvest activity, a promising forecast should allow for harvest to resume in the Red Deer area, where most of the barley crop is located. […] Read more

CBOT weekly outlook: Corn, soybeans retreat off highs

Reading Time: 1 minute MarketsFarm — Soybean and corn prices on the Chicago Board of Trade have backed off of highs hit earlier in the week. That’s due mainly to harvest activity putting pressure on prices, according to Steve Georgy, president of Allendale Inc. at McHenry, Illinois. Corn crops across the U.S. are currently only 11 per cent harvested, […] Read more


Alberta snow further delays canola harvest, boosts prices

Reading Time: 1 minute MarketsFarm — Canola futures finished up at Monday’s close, boosted by a weather premium after a low-pressure system brought considerable snowfall to parts of Alberta over the weekend. Snow was mostly concentrated in the southern region of the province. Calgary and surrounding areas received around 30 centimetres of snow, according to preliminary results from Environment […] Read more

ICE weekly outlook: Canola values stay rangebound

Reading Time: 1 minute MarketsFarm — Canola prices have been characterized as “firm one day and softer the next,” this week, remaining largely rangebound in light trading activity. “It’s hard to tell why, but canola oscillates between stronger than soybeans and then weaker,” said Ken Ball of P.I. Financial in Winnipeg. “It’s just spreaders playing back and forth with […] Read more


Pulse weekly outlook: Pea harvest nearly complete

Reading Time: 1 minute MarketsFarm — Canada’s pea crop is almost totally off the fields, but quality remains a question. “Farmers are wrapped up with harvesting right now, so we haven’t received many samples,” said Marcos Mosnaim of Globeways Inc. in Missisauga. The few samples the company has seen have shown good conditions, but it’s not a large enough […] Read more



ICE weekly outlook: Canola breaks out of week-long funk

Reading Time: 1 minute MarketsFarm — It’s unclear yet what effect Thursday’s satellite field crop estimates from Statistics Canada will have on markets. Canola broke out of a six-day funk Wednesday, trending just slightly higher for the first time since Wednesday last week. Technical biases remain to the downside, as prices hover around contract lows. “There are a lot […] Read more

Hay shortage in Manitoba Interlake reaches tipping point

Reading Time: 1 minute MarketsFarm — A state of agricultural emergency has been declared in 12 municipalities, mostly in Manitoba’s Interlake region, due to chronically low hay yields. Drought and grasshoppers have hindered crops to the point that hay production is about 25 to 30 per cent of average. “We’ve moved cows out of pastures because the grasshoppers ate […] Read more


Cash wheat: Western Canadian bids mixed

Reading Time: 2 minutes MarketsFarm — Wheat bids in Western Canada were mixed for the week ended Thursday. Small gains and marginal losses were observed in CWRS, CPSR and durum wheats. Average CWRS (Canada Western Red Spring, 13.5 per cent protein) wheat prices were down $3-$5 per tonne at most locations. The outlier was in northwestern Saskatchewan, where prices […] Read more

Large oat production won’t move prices

Reading Time: 1 minute MarketsFarm — While the most recent crop production report from Statistics Canada predicted significantly more oats than originally expected, prices will likely remain stable. Statistics Canada estimated 3.952 million tonnes of oats will be grown in 2019, up considerably from the 3.436 million tonnes produced in 2018. But low carryover stocks from previous years means […] Read more