GFM Network News

Canadian Financial Close: Loonie starts the week slightly higher

Reading Time: < 1 minute By MarketsFarm WINNIPEG, May 25 (MarketsFarm) – The Canadian dollar was slightly stronger on Monday, along with the TSX and crude oil values. United States markets were closed for the Memorial Day holiday. The dollar finished the day at US$0.7151 or US$1=C$1.3984, compared to Friday when it closed at US$0.7135 or US$1=C$1.4015. Stephen Poloz, governor […] Read more

North American Grain and Oilseed Review: Canola takes Memorial Day drop

Chicago trading resumes at 7 Central

Reading Time: 2 minutes By Glen Hallick, MarketsFarm WINNIPEG, May 25 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Monday amid light volumes of trading. Most of the United States markets were closed today for Memorial Day, including the Chicago Board of Trade. Trading is scheduled to reopen at 7 p.m. Central. A trader said the […] Read more


ICE Canola Midday: Prices down with U.S. markets closed

Canola acres could be down

Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, May 25 (MarketsFarm) – ICE Futures canola contracts were lower at midday Monday amid light trading. Most of the United States markets are closed today for Memorial Day, including the Chicago Board of Trade. Trading resumes at 7 p.m. Central. Meanwhile, lower European rapeseed and Malaysian palm oil weighed on […] Read more

Canadian dollar and business outlook

Reading Time: < 1 minute By MarketsFarm WINNIPEG, May 25 (MarketsFarm) – The Canadian dollar was slightly firmer Monday morning, although activity was thin and choppy with many markets in the United States closed for Memorial Day. At 8:54 CDT Monday morning the Canadian dollar was at US$0.7147 or C$1.3992 which compares with Friday’s North American close of US$0.7135 or […] Read more


ICE canola futures: prices mixed on Monday morning

Reading Time: < 1 minute By Marlo Glass, MarketsFarm WINNIPEG, May 25 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were mixed to start the week, amid light trading activity. Canola values are supported by forecasts for low ending stocks. Carryover for the 2020/21 marketing year are expected to total 2.3 million tonnes, which is 400,000 tonnes lower than April […] Read more

Global Markets: New Cold War emerging accuses China

Reading Time: < 1 minute By MarketsFarm WINNIPEG, May 25 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – China accused the United States of trying to create a new Cold War. China’s foreign minister said the Trump administration has been blaming China for the COVID-19 pandemic, been critical of its handling […] Read more


AAFC tightens canola stocks projections

Reading Time: < 1 minute Corrected, May 25 — MarketsFarm — Canadian canola ending stocks for both the current marketing year and the upcoming 2020-21 season will be tighter than earlier forecasts, according to updated supply/demand estimates from Agriculture and Agri-Food Canada released Friday. The latest data take into account acreage estimates released by Statistics Canada earlier in the month. […] Read more

Labour shortages persist, hort sector says

Horticultural Council warns sector output will drop for lack of workers, support

Reading Time: 2 minutes Ottawa — The Canadian Horticultural Council warns the federal government is using inaccurate numbers to describe how many temporary foreign workers are currently in the country. During a virtual meeting of the Commons standing committee on agriculture and agri-food, CHC president Brian Gilroy said food security continues to be threatened as a result of labour […] Read more


Report links business management, mental health of farmers

Farm women, young farmers report higher levels of stress, difficulties coping

Reading Time: 3 minutes Ottawa — A new report from Farm Management Canada (FMC) calls for action after determining 75 per cent of Canadian farmers reported being moderately to highly stressed about unpredictable interference, workload pressure and financial pressures. But how a farmer plans his or her business — and associated risks — can help lower that statistic. The […] Read more

China-Australia row to reshuffle trade in bulging barley market

Gains for Canada, other exporters won't be 'magical'

Reading Time: 2 minutes Paris | Reuters — A prohibitive Chinese import tariff on Australian barley will benefit other suppliers without changing the bleak global outlook caused by large stocks and depressed beer demand, analysts and traders said. Beijing said on Monday it would apply an 80.5 per cent tariff on Australian barley imports for the next five years, […] Read more