GFM Network News


(Photo courtesy Canada Beef Inc.)

Feed weekly outlook: Rising costs cut into cattle profits

Reading Time: < 1 minute MarketsFarm — Strong demand for beef has kept fed cattle prices in Western Canada well supported, but high feed grain prices continue to cut into profits in the feeder sector, according to CanFax analyst Brian Perillat. Fed cattle prices have rallied for most of 2021, he said, “so feedlots, after losing money for two to […] Read more

(Photo courtesy Canary Seed Development Commission of Saskatchewan)

Canary seed gains official ‘grain’ status

New regulations to take effect Aug. 1

Reading Time: 2 minutes MarketsFarm — No longer just for the birds, canary seed will soon gain official status under the Canada Grain Act, the Canadian Grain Commission (CGC) announced Wednesday. Following stakeholder consultations and calls from producers the CGC is implementing regulatory changes for the crop effective Aug. 1. The move to official status was good news to […] Read more



(Thinkstock photo)

Prairie cash wheat: Bids correct higher

U.S. wheat futures up on week

Reading Time: 2 minutes MarketsFarm — Wheat bids across Western Canada moved higher during the week ended Thursday, as U.S. futures saw a corrective bounce after falling to their softest levels in over a month. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $8.50-$9 per tonne, according to price quotes from a […] Read more


Barley. (Photo courtesy Canada Beef Inc.)

Feed weekly outlook: Canada’s barley exports show no signs of slowing

Reading Time: < 1 minute MarketsFarm — Tight Canadian barley supplies, due in part to surging export demand, have kept feed grain bids well supported in the Prairies over the past few months. The cupboards, however, are not quite bare, with weekly Canadian barley exports hitting their second-highest level of the crop-year-to-date. Canada exported 175,500 tonnes of barley during the […] Read more

CBOT July 2021 soybeans with Bollinger (20,2) bands. (Barchart)

CBOT weekly outlook: Soy, corn watching weather

Reading Time: < 1 minute MarketsFarm — Corn and soybean futures at the Chicago Board of Trade have moved off of highs hit earlier in May as good planting conditions in the U.S. Midwest weighed on values. “We’re pretty much in a weather market right now,” Scott Capinegro of Barrington Commodity Brokers in Illinois said. He expected solid prices for […] Read more


(Serts/iStock/Getty Images)

Pulse weekly outlook: India likely in need of more lentils

Reading Time: 2 minutes MarketsFarm — A recent webinar co-hosted by the India Pulses and Grains Association and Pulse Australia focused on lentil production in the two countries, with tighter Indian supplies likely leading to increased import demand going forward. “The share of Australian lentils in India’s import has been 10 to 15 per cent over the last seven-eight […] Read more

(Dave Bedard photo)

Dry weather may cut into Canadian crop prospects, AAFC says

Reading Time: 2 minutes MarketsFarm — Dry weather conditions across Western Canada could cut into production prospects in the region, according to updated supply/demand tables released Thursday by Agriculture and Agri-Food Canada. “Extremely dry conditions prevail in large parts of Western Canada, allowing for rapid seeding progress which is trending ahead of normal; however, timely precipitation this spring and […] Read more


(File photo by Dave Bedard)

Net long position in canola edging down

Net long increases in Chicago, K.C. wheat

Reading Time: < 1 minute MarketsFarm — The managed money net long position in canola has edged down over the past few months, hitting its lowest level since August 2020 in the latest Commitment of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Tuesday, managed money fund traders were holding a net long position in ICE […] Read more

ICE November 2021 canola (candlesticks) with 20-day moving average (green line) and July 2021 canola (yellow open/high/low/close). (Barchart)

ICE weekly outlook: Attention turns to new-crop canola

'Somebody's feet will be held to the fire'

Reading Time: < 1 minute MarketsFarm — Wide price swings in the nearby ICE Futures July canola contract over the past few weeks have sent most commercial trade into the new-crop November, with direction in the front month hard to predict given recent volatility. “Where (July canola) finally goes off the board, I have no idea, but I wouldn’t be […] Read more