GFM Network News

Higher prices could give flax acres a chance

Reading Time: 2 minutes CNS Canada — Strong demand for Canadian flax, combined with small production, has driven prices up, which could tempt producers making seeding choices this spring. Last year, the amount of flax seeded in Canada was down about a third from the previous growing season. As a result, stocks are short, despite large carryover. Demand, however, […] Read more

Durum lacks momentum ahead of competing harvests

Reading Time: < 1 minute CNS Canada — Canadian durum prices are at a standstill as the market looks to upcoming production, while domestic crops act as a “wild card,” one Winnipeg-based analyst says. “The durum market is certainly quiet right now. We’re kind of in that period where we’re in a lull,” said Jerry Klassen, manager of the Canadian […] Read more

Canada’s durum market share seen dropping

Reading Time: < 1 minute CNS Canada –– Global durum values are moving lower as producers in Europe and the U.S. start selling — and leaving Canada out of the market, one analyst says. “The only one that’s not selling aggressively is Canada, and we’re losing market share, big time,” said Jerry Klassen, manager of the Canadian office for Swiss-based […] Read more

Wet wheat weather watched worldwide

Reading Time: 2 minutes CNS Canada — Generous rainfall has benefited but also boosted the risk of disease on wheat crops in much of Canada and the U.S., and has also cut into grain quality in parts of Europe. However, according to Drew Lerner of U.S. forecast agency World Weather Inc., conditions during the harvest season will be the […] Read more

Stacked LL/RR canola off the menu for 2016

Reading Time: 2 minutes The first canola hybrid to stack Genuity Roundup Ready and LibertyLink traits in one seed won’t be on the market for this growing season. Just weeks after its Jan. 22 announcement of a limited launch for InVigor Choice LR250 for the 2016 season, Bayer CropScience Canada now says concerns over seed quality and export market access have […] Read more

JBS to expand in processed foods, eyes Europe

Reading Time: < 1 minute Sao Paulo | Reuters –– Brazil’s JBS, the world’s largest beef exporter, is looking to enlarge its processed foods operations and expand in Europe, CEO Wesley Batista said in an interview with Valor Economico published Friday. The company, which in recent months has made billion-dollar acquisitions in the U.K. and U.S., is also looking to […] Read more

“As for Canada, I personally think we’re already in recession, government data just hasn’t caught up to it yet. If China sneezes, Canada catches cold.” – Errol Anderson, grain market adviser.

The China (economic) factor and Canadian agriculture

Does China’s economic slowdown have to be bad news for Canada’s farmers? We ask Errol Anderson, does he see hope in the year ahead?

Reading Time: 6 minutes For the first instalment in our five-part series this fall and winter, we sat down with Calgary-based grain market adviser and regular Country Guide contributor Errol Anderson for his insights into what to look for in markets this year. The billion-dollar question, Anderson says, is what will happen in China. Other issues are important too, […] Read more

“The true driver of commodity markets is always demand. In the end, demand is king...
and unfortunately right now, those trends don’t look good.” – Errol Anderson

Making sense of ag markets

Agriculture can’t escape global economic trends, but farmers can adapt their market plans to key numbers. In this second of five columns, market analyst Errol Anderson tells us how

Reading Time: 7 minutes Grain prices rise, and grain prices fall. Sometimes it’s a straight supply issue. more grain gets produced, or less gets produced, and prices react accordingly. but those movements tend to happen over the short term. Often too, they’re tough to plan for because they’re sparked by either good weather or bad. Other issues hit on […] Read more