GFM Network News


CBOT December 2021 oats (candlesticks) with Bollinger bands (20,2). (Barchart)

Oat crop across Western Canada ‘not stellar’

Reading Time: 2 minutes MarketsFarm — As with most other crops on the Prairies, conditions are “not stellar” for oats, according to Shawna Mathieson, executive director for the Prairie Oat Growers Association. POGA directors from across the region who participated in a recent board meeting had a rather grim outlook on the coming harvest, she said. “Not a single […] Read more

File photo of an Alberta wheat field. (ImagineGolf/E+/Getty Images)

Feed weekly outlook: Alberta feed prices rising

Reading Time: 2 minutes MarketsFarm — Higher-than-normal temperatures and continued demand for feed have caused prices for Alberta feed barley and feed wheat to increase over the past few weeks. However, that demand has pulled back somewhat. According to Prairie Ag Hotwire data from Wednesday, high-delivered bids for Alberta feed barley were at $7.84 per bushel, 48 cents higher […] Read more


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

ICE weekly outlook: Volatility to come for canola market

'Tighten up your seatbelt'

Reading Time: < 1 minute MarketsFarm — Record-breaking temperatures in British Columbia, lingering extreme heat in the Prairie provinces and little to no precipitation have strengthened an ongoing rally in the ICE Futures canola market. One trader, however, warns that canola contracts may be in for a mercurial few weeks. “We’re clearly in a weather market that is extremely volatile,” […] Read more



MGEX September 2021 spring wheat (candlesticks) with 20-day moving average (green line) and CBOT September 2021 wheat and corn (yellow and orange lines). (Barchart)

U.S. grains: Wheat rallies on Plains weather concerns

Chicago soybeans, corn weaker

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose on Wednesday, led by gains in MGEX spring wheat contracts that firmed on concerns that dry conditions in key growing areas of the northern U.S. Plains and Canada could limit the size of the harvests. Soybean futures were lower as improving crop prospects in the U.S. Midwest […] Read more

MGEX July 2021 spring wheat (candlesticks) with CBOT and K.C. July 2021 winter wheats (yellow and green lines). (Barchart)

CBOT weekly outlook: MGEX wheat spread widens over winter wheats

Reading Time: 2 minutes MarketsFarm — Hot, dry growing conditions in key spring wheat-growing regions of the northern U.S. and Canadian Prairies have seen Minneapolis (MGEX) spring wheat futures widen their spread over Chicago and Kansas City winter wheat contracts over the past few weeks — with additional strength likely given the current weather forecasts. Nearby spring wheat futures, […] Read more



ICE November 2021 canola (candlesticks) with Bollinger bands (20,2) and July 2021 canola (yellow open/high/low/close). (Barchart)

ICE weekly outlook: Canola market pits weather against supplies

Reading Time: 2 minutes MarketsFarm — As dry conditions remained prevalent across the Canadian Prairies and U.S. northern Plains, despite recent precipitation, the markets were in a struggle between the weather and tightening supplies, according to Winnipeg analyst Wayne Palmer of Exceed Grain. So far for the week of June 7, central and northern Alberta received rain, followed by […] Read more


Map from the Canadian Drought Monitor as of May 31, 2021. (Agriculture and Agri-Food Canada)

Drought conditions improve in May for some of Prairies, not all

Reading Time: 2 minutes MarketsFarm — Significant precipitation through May relieved drought conditions across parts of the Prairies, while other areas remained significantly dry, according to the latest assessment from the Canadian Drought Monitor as of May 31. This precipitation improved soil moisture conditions for the short-term, decreasing the area of moderate (D1) and severe drought (D2) in central […] Read more

CBOT July 2021 corn (candlesticks) with MGEX July 2021 spring wheat (orange open/high/low/close). (Barchart)

U.S. grains: Hot, dry weather view sparks rallies

Corn, soybeans, wheats up

Reading Time: 2 minutes Chicago | Reuters — U.S. corn, soybean and wheat futures rallied on Tuesday, supported by concerns that crops will face stress from adverse weather during the next few weeks. “The grains exploded out of the gates last night and remain double-digits higher… as forecasts turn hot and dry through mid-month,” Arlan Suderman, chief commodities economist […] Read more