GFM Network News

Forecast rain to cause few problems for Peace farmers

Reading Time: 3 minutes CNS Canada — As rain threatens to disrupt harvest in parts of the Prairies this week and next, the Peace region of northwestern Alberta is attracting added attention. While rains are forecast to be fairly general across eastern Saskatchewan and Manitoba over the next week or so, they are expected to cause minimal damage and […] Read more

FCC pledges flexibility for soaked Ontario, Quebec growers

Reading Time: 2 minutes Canada’s federal ag lending agency has announced a customer support program to limit “financial pressure” on its farming clients in rain-soaked areas of western Quebec and eastern Ontario. Farm Credit Canada on Wednesday announced the program, in which it said it “will work with customers to come up with solutions for their operation(s) to reduce […] Read more

ICE weekly outlook: Canola trades on weather

Reading Time: 2 minutes CNS Canada — It’s the time of year when canola prices closely follow the weather, and while recent rain has caused some losses, the market could hold onto its premium. “In some ways you could say it’s a classic weather market,” said Jon Driedger, senior market analyst at FarmLink Marketing. Prices had gained following dryness […] Read more

Pearce: Heavy rains cause losses in Ontario potato fields

Reading Time: 3 minutes After a month of good growing conditions and positive reports amid sporadic news on disease potential, word from one of Ontario’s potato-growing regions is that roughly 1,000 acres of potatoes have been lost due to flooding. Drenching rains in midwestern Ontario have left both commercial fields and variety plots ruined. Rainfall amounts from June 22 […] Read more

FCC offers to bend terms for soaked Prairie growers

Reading Time: < 1 minute Canada’s federal farm lender says it will be flexible with qualifying Prairie crop growers facing financial trouble from a rain-soaked harvest season. Areas of Alberta, Saskatchewan and Manitoba have experienced “significant levels of rain in the last half of the growing season and snow since the beginning of October,” Farm Credit Canada said in a […] Read more

U.S. grains: Soybeans, wheat edge higher on short-covering

Reading Time: 2 minutes Chicago | Reuters — U.S. grain and oilseed futures were mostly higher on Tuesday, with soybeans rebounding from an earlier five-month low on support from investor short-covering ahead of a U.S. Department of Agriculture quarterly stocks report due on Friday. Rainfall delayed the U.S. corn and soybean harvests, while heavy precipitation could curb wheat output […] Read more

Rain expected for Prairies into weekend, next week

Reading Time: < 1 minute CNS Canada — Rain is going to slow weekend harvest progress in parts of the Prairies, though farmers in most areas will still be able to get into their fields, one meteorologist says. But as temperatures drop, some late-maturing crops may have been hit with frost damage. Showers are expected to slow weekend harvest activity […] Read more

Soggy conditions stress Saskatchewan’s crops

Reading Time: < 1 minute CNS Canada –– Crops were hit hard by rain in many parts of the province during the period of July 5-11, according to a report from the Saskatchewan government. Lloydminster, Estevan and Carrot River were just a few of the communities hit hardest by the precipitation. In some cases, areas in eastern and southern regions […] Read more

Storms trim potential for big Prairie crops

Reading Time: < 1 minute Reuters — Heavy rain and strong winds are likely to curb the potential for Western Canada’s crops, government officials said, but the harvest may still be bigger than average. Pockets across Saskatchewan, Canada’s biggest wheat- and canola-growing province, received as much as five inches of rain, strong winds and hail since Sunday. The storms flattened […] Read more

Chicago oats rally with Prairie rains, for now

Reading Time: < 1 minute CNS Canada — Oat prices at the Chicago Board of Trade have advanced as rain soaks Canada’s crops, but one U.S. analyst doesn’t expect those gains to hold. Close to half of Canada’s seeded oat area is in Saskatchewan, Statistics Canada data shows, and some parts of the province have seen heavy rains and flooding. […] Read more