GFM Network News


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Feed weekly outlook: Alternatives in greater demand

Reading Time: 2 minutes MarketsFarm — Price increases for feed barley and wheat in Western Canada have caused more feeders to look elsewhere for sustenance for their livestock. Prices over the last year have shot up 25 to 40 per cent, according to Prairie Ag Hotwire. “Any time you run into a high-priced commodity market, the cost of feeding […] Read more

(Dave Bedard photo)

Flax area seen expanding on strongest prices ever

Reading Time: 2 minutes MarketsFarm — To MarketsFarm Pro analyst Mike Jubinville, there’s no doubt that flaxseed acres in Canada will increase in 2021. In Agriculture and Agri-Food Canada’s (AAFC) March supply and demand estimates, the department projected flax acres to jump 22 per cent in 2021-22 at about 1.14 million, up from nearly 931,600 seeded in the previous […] Read more


ICE May 2021 canola with Bollinger (20,2) bands. (Barchart)

ICE weekly outlook: Canola fundamentals still strong in volatile market

Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts moved higher during the week ended Wednesday, with the largest gains in the old-crop months amid ongoing concerns over tight supplies. Day-to-day activity could remain volatile at times, but underlying fundamentals should remain supportive heading into the 2021 growing season, according to an analyst. While canola futures have traded […] Read more

ICE May 2021 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Canola still finding support

U.S. acreage estimates could sway futures

Reading Time: < 1 minute MarketsFarm — The ICE Futures canola market saw some wide price swings over the week ended Wednesday, dropping by more than $50 per tonne off its contract highs in the nearby May contract before recovering to trade just a few dollars off of those levels once again. Tight canola supplies, strength in world vegetable oil […] Read more


(Photo courtesy Canada Beef Inc.)

Feed weekly outlook: Wheat stocks should limit barley’s further upside

Reading Time: 2 minutes MarketsFarm — Feed barley bids in Western Canada remain strong, although ample wheat supplies should limit the upside heading into the new growing season. Feed barley in the Lethbridge region of southern Alberta is currently trading at around $305-$310 per tonne, according to Jim Beusekom of Market Place Commodities. Prices for delivery later in the […] Read more

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CBOT weekly outlook: Crop futures in all directions

Reading Time: < 1 minute MarketsFarm — Chinese sales of corn and a recent run of good weather in the U.S. are affecting futures on the Chicago Board of Trade (CBOT) Wednesday, according to a broker. Ryan Ettner of Chicago-based Allendale Inc. said recent purchases of old-crop corn from China are supporting prices, while prices for new-crop have stayed relatively […] Read more


ICE March 2021 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Profit-taking to pressure canola

Market appearing overdone

Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts climbed to record highs during the week ended Wednesday as concerns over tightening old-crop supplies provided support. However, the market was looking overdone to the upside and profit-taking came forward to put some pressure on values. “The traders that are still long are playing the game of forcing the […] Read more

CBOT November 2021 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soybeans rise as USDA projects tight supplies into 2022

Wheat slumps on profit taking, nearby corn also slips

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures firmed on Friday after the U.S. Department of Agriculture (USDA) forecast domestic supplies of the oilseed would remain historically tight into 2022 despite its projection for a record-large harvest this autumn. Corn futures were mixed, with nearby contracts slipping from earlier highs on profit-taking ahead of the weekend, […] Read more


A barley crop south of Ethelton, Sask. on July 30, 2019. (Dave Bedard photo)

China’s appetite for feed barley sucks in new crop from Canada, France

Tariff on Australian barley favours other suppliers

Reading Time: 3 minutes Paris | Reuters — China’s buying spree of French and Canadian barley is spilling into the 2021-22 crop with large forward purchases, due to its major feed grain needs and a prohibitive tariff on Australian barley, traders and analysts said. China has been sweeping up huge volumes of foreign crops to help feed a pig […] Read more

ICE March 2021 canola (candlesticks) with Bollinger bands (20,2) and 100-day moving average (green line). (Barchart)

ICE weekly outlook: Canola entering uncharted waters

Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts climbed sharply higher in the front months during the week ended Wednesday, hitting their highest levels since 2008. The March contract settled Wednesday at $717.80 per tonne, marking the first close above the $700 per tonne level since March 2008. “Everybody is long, and everybody won’t make a profit […] Read more