GFM Network News



Attention turns to yield potential after StatsCan report

Future tweaks to acreage numbers seen as unlikely to sway markets

Reading Time: 2 minutes MarketsFarm — Updated acreage estimates from Statistics Canada came largely within market expectations, with the focus now shifting to growing conditions and yield potential. The survey was completed in early June “and may not have captured all of the seeding delays and potential shifts that may have happened in central/northern Alberta and northwestern Saskatchewan because […] Read more


ICE weekly outlook: Attention on weather after short-covering rally in canola

Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts have recovered off of lows hit at the beginning of the month, with speculative short-covering a feature as attention in the markets turns to North American growing conditions. While canola ran into some resistance Wednesday, there may still be more room to the upside. Canadian canola is at a […] Read more

ICE weekly outlook: Canola nearing resistance

Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts have trended higher over the past month, but may be nearing the upper end of their nearby range. Solid demand, from both exporters and domestic crushers, has kept canola well supported, while a firmer tone in world energy and vegetable oil markets should also add some upside momentum, according […] Read more


U.S. grains: Corn, soybeans drift lower on favourable crop prospects

CBOT July wheat up on short-covering

Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures drifted lower on Thursday as generally favourable U.S. Midwest crop weather bolstered expectations for large harvests, analysts said. “We just don’t have enough demand … to overcome the good growing conditions that are seen across the Midwest,” said Brian Hoops, president of Midwest Market Solutions. So […] Read more



ICE weekly outlook: Canola steady at midweek

Spring seeding more or less underway

Reading Time: < 1 minute MarketsFarm — After showing considerable strength in prior trading sessions, canola contracts were either side of unchanged at midweek. David Derwin of P.I. Financial in Winnipeg said canola was holding steady in comparison to other vegetable oils. “There’s general weakness in other markets, but canola hasn’t had too much of a move,” he said. Considerable […] Read more

Pulse weekly outlook: Lentils stabilize with seeding underway

Reading Time: < 1 minute MarketsFarm — Lentil bids in Western Canada may have come off their recent highs, but prices are still solid and should encourage more seeded area this spring. Increased demand tied to the COVID-19 pandemic gave lentil prices a boost in March, with the largest gains in red lentils which hit highs around the 32 cents/lb. […] Read more


Producer Jay Schultz found that despite a tough 2019 harvest with slow-maturing crops and tough moisture conditions, early-seeded wheat came off earlier than normal and graded No. 1 CW.

Pushing the wheat seeding envelope

Good seed treatments are recommended, but research at Lethbridge suggests you should start the drill when the soil is at 2 C

Reading Time: 4 minutes Statistically, early seeding equals higher yield, at least over the long term. But how early can you seed without having a wreck due to cold spring conditions? Earlier than you might think, apparently. Last spring, Jay Schultz started seeding his CWRS wheat (mainly Brandon, with some Eli and Viewfield) on April 15 — the earliest […] Read more

ICE weekly outlook: Canola market floating headline to headline

Reading Time: < 1 minute MarketsFarm — The ICE Futures canola market moved lower during the week ended Wednesday, but activity was choppy as futures reacted to broad swings in global financial markets. While the looming growing season should be starting to garner some attention, the COVID-19 pandemic “has grabbed all of the headlines and all of the oxygen out […] Read more