GFM Network News


Pulse weekly outlook: Green, yellow pea prices reach parity

Lower-priced green peas meet upwardly-mobile yellows

Reading Time: 2 minutes MarketsFarm — Yellow and green pea prices in Western Canada have taken divergent paths to start 2021, with yellow peas on the rise and greens declining as values reach parity in many locations. Mike Jubinville of MarketsFarm Pro explained that while Canada’s pea exports suffered under yellow pea import restrictions implemented by India, China later […] Read more

India’s top court orders stay on farm laws that riled growers

Reading Time: < 1 minute New Delhi | Reuters — India’s Supreme Court on Tuesday ordered an indefinite stay on the implementation of new agricultural laws that have triggered widespread protest from farmers, saying it wanted to protect farmers and would hear their objections. For more than a month, tens of thousands of farmers have camped on the outskirts of […] Read more


Indian government, farmers fail to break deadlock on ag market laws

Reading Time: 2 minutes New Delhi | Reuters — The Indian government and representatives of protesting farmers failed to reach an agreement on contentious new agriculture laws on Friday and said they will meet again in a week’s time. Tens of thousands of farmers have been camped on the outskirts of the capital New Delhi for over a month, […] Read more

Argentina ‘evaluating’ corn export suspension

Move meant to boost domestic food supplies

Reading Time: 2 minutes Buenos Aires | Reuters — Argentina’s government said on Thursday it would review its decision to temporarily suspend corn exports after a meeting between the farming minister and the leaders of the country’s main agricultural associations. The agriculture ministry said in a statement that agreements had been struck to guarantee the domestic supply of corn […] Read more


CBOT weekly outlook: South American weather, labour issues prop up prices

Reading Time: < 1 minute MarketsFarm — Market participants on the Chicago Board of Trade expect agriculture commodity prices to continue to rise in 2021. Terry Reilly, a grains analyst with Futures International, said corn is expected to hit around $5.25 per bushel, while soybeans will be around $14.50 (all figures US$). The March wheat contract is expected to reach […] Read more

Pulse weekly outlook: Markets steady heading into holidays

Reading Time: < 1 minute MarketsFarm — Pea and lentil markets in Western Canada are holding relatively steady heading into the holiday season, with little movement expected one way or the other until the New Year. “That’s normal for this time of year,” said Dale McManus of Johnston’s Grain at Welwyn, Sask. on the lack of activity and stagnant prices. […] Read more


Farmers protest across India against Modi’s farm market reforms

Reading Time: 2 minutes New Delhi/Mumbai | Reuters — Farmers’ protests against new laws liberalizing agricultural markets spread across India on Tuesday, as farm organizations called for a nationwide strike after inconclusive talks with Prime Minister Narendra Modi’s government. In eastern and western states, farmers blocked roads and squatted on railway tracks, delaying hordes of people getting to work, […] Read more

India considers changing new farm laws after mass protests

Reading Time: 2 minutes New Delihi | Reuters — India’s government is considering rolling back some parts of its agricultural reforms after they triggered the biggest protests by farmers in years, officials said on Friday. Tens of thousands of farmers were out on the streets around Delhi again on Friday, rallying against three laws that the government says are […] Read more


India’s Modi refuses to back down on farm reforms despite protests

Reading Time: 2 minutes New Delhi | Reuters — Indian Prime Minister Narendra Modi on Monday resisted calls for the repeal of farm reforms that have ignited the biggest protests by farmers in years around the national capital, saying they were being misled and that deregulation would benefit them. Thousands of people from the big farming state of Punjab […] Read more

ICE weekly outlook: Canola stronger at midweek

Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts were stronger on Wednesday, making up losses incurred earlier in the week. The nearby January contract closed Wednesday at $545.80 per tonne, gaining over $10 since closing at $534.90 on Monday. Record-high temperatures in parts of the Prairies were part of the reason behind canola’s rally. However, temperatures are […] Read more