GFM Network News

Cash wheat bids: CWRS up with U.S. futures, improved basis

Reading Time: 2 minutes MarketsFarm — Wheat bids in Western Canada were mixed during the week ended Thursday, with gains in some classes and losses in others as the domestic market reacted to adverse harvest weather and mixed activity in U.S. futures. Average CWRS (Canada Western Red Spring, 13.5 per cent protein) wheat prices were up by $4-$5 per […] Read more

Feed weekly outlook: Prairie grain market finding a bottom

Reading Time: 2 minutes MarketsFarm — The western Canadian feed grain market is showing signs of finding a bottom, as buyers wait to get a better handle on the quality of grain still unharvested across the Prairies. Feed barley is currently trading at around $200 per tonne in southern Alberta, while feed wheat bids are around $210, according to […] Read more

Iraq replaces state grain agency’s chief

Reading Time: 1 minute Baghdad/Dubai | Reuters — Iraq, a major Middle East wheat and rice importer, has replaced the head of its state grain buying agency, government sources and a document showed on Tuesday. Naeem al-Maksousi was replaced by Hassanein Mahdi Elwan, a document reviewed by Reuters showed. The reason for the replacement, which comes after a week […] Read more

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

Cash wheat: CWRS follows Minneapolis futures higher

Reading Time: 2 minutes MarketsFarm — Cash wheat bids in Western Canada were mostly higher for the week ended Thursday. Gains were seen in Canada Western Red Spring (CWRS) and Canada Western Amber Durum (CWAD) wheats in all locations, while Canada Prairie Spring Red (CPSR) saw gains in most regions. The Canadian dollar was firm with almost no movement. […] Read more

Feed weekly outlook: Barley’s slide slows as harvest drags

Reading Time: 2 minutes MarketsFarm — The slide in western Canadian feed grain prices over the past few months shows signs of slowing, as concerns over harvest delays supplant earlier concerns over large crops and quality downgrades. “The weather over the next week or so doesn’t look that great,” Allen Pirness of Market Place Commodities in Lethbridge said Thursday. […] Read more

Spring wheat futures rally on North American weather woes

Reading Time: 2 minutes MarketsFarm — Weather-related quality issues with North American spring wheat crops saw Minneapolis spring wheat futures rally sharply over the past three weeks, with more room to the upside as concerns mount over the state of the crop. The December contract hit a multi-year low of $4.865 per bushel at the beginning of September, but […] Read more

Wet harvests hurt U.S., Canadian spring wheat quality

Reading Time: 2 minutes Chicago | Reuters — Excessively wet conditions in the northern U.S. Plains and Canadian Prairies have hurt the quality of the region’s spring and durum wheat crops, potentially tightening supplies of top grades of the grains, handlers and agronomists said. Rains and heavy dew have slowed the harvest and, worse, caused mature, un-harvested wheat kernels […] Read more

Cash wheat: Bids up with U.S. futures, weak loonie

Reading Time: 2 minutes MarketsFarm — Wheat bids in Western Canada moved higher during the week ended Thursday, as gains in U.S. futures, weakness in the Canadian dollar and concerns over harvest delays in Western Canada all provided support. The Canadian dollar was down by roughly a third of a cent relative to its U.S. counterpart on the week. […] Read more