GFM Network News


ICE weekly outlook: Canola entering holiday mode

Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts hit fresh multi-year highs following the release of updated production data from Statistics Canada, but the market ran into resistance and could be expected to see some consolidation ahead of the New Year. The most-active January contract touched a session high of $599 per tonne on Friday last week, […] Read more

Canada’s canola harvest smallest in five years

Wheat crop a bin-buster, StatsCan report finds

Reading Time: < 1 minute Winnipeg | Reuters — Canadian farmers produced the smallest canola crop in five years, but the largest wheat output since 2013, Statistics Canada said in its final harvest estimate of the year. Canola production looked set to reach 18.7 million tonnes, down 4.5 per cent from last year and below trade expectations. It was a […] Read more


ICE weekly outlook: Two reports likely to increase canola values

Reading Time: 2 minutes MarketsFarm — Although canola has seen some backpedalling this week, the markets should get two good shots in the arm from a pair of reports, according to Wayne Palmer, analyst with Exceed Grains in Winnipeg. The first will very likely come from the principal field crops report , to be released Thursday by Statistics Canada. […] Read more

StatsCan report to provide clarity on 2020 crop production

Reading Time: 2 minutes MarketsFarm — Market participants and producers will be looking to Statistics Canada’s principal field crop report, due out Thursday, for clarity regarding 2020 crop yields. “We’re looking to see how severely the heat damaged the crop, and how yield estimates were tempered later in the growing season,” said Jerry Klassen, an analyst in Winnipeg. Klassen […] Read more


Canadian corn, soybean stocks increase

Reading Time: < 1 minute MarketsFarm — New stats show larger soybeans and corn stocks in Canada as of July 31 when compared to the same time last year. Statistics Canada issued its updated report on stocks of grain and oilseeds on Tuesday morning. The federal agency said combined farm and commercial stocks of corn rose by over 29 per […] Read more

Saskatchewan lentil crop projections raise skepticism

Reading Time: 2 minutes MarketsFarm — There’s a little skepticism towards Statistics Canada’s projections for this fall’s lentil crop in Saskatchewan. The federal agency on Monday pegged the province’s 2020 lentil crop to come in at around 2.61 million tonnes on about 3.73 million acres. That’s almost a 26 per cent jump in production on a 13.2 per cent […] Read more


StatsCan adjusts expected corn, soy harvests upward

Satellite models predict higher yields on fewer acres

Reading Time: 3 minutes Statistics Canada’s latest batch of satellite-modelled crop data includes slightly raised expectations for Canadian corn and soybean harvests this fall. StatsCan on Monday released model-based principal field crop estimates for the period ending Aug. 31, suggesting higher soy and corn numbers than seen in its Production of principal field crops report released Aug. 31, which […] Read more

Statistics Canada trims wheat production estimate

Lentil crop estimate up from August

Reading Time: 2 minutes MarketsFarm — Canadian farmers grew less wheat in 2020-21 than earlier thought, according to updated production estimates Statistics Canada released Monday. However, the country’s wheat crop would still be the second-largest on record and well above the five-year average. Using yield models based on satellite imagery, total wheat production in the country for 2020-21 is […] Read more


StatsCan stocks report shows lower lentils, durum, canola

Lentil supply picture 'extremely tight'

Reading Time: 2 minutes MarketsFarm — Statistics Canada’s stocks of principal field crops report detailed tight ending stocks for lentils durum and canola. As of July 31, lentil stocks totalled just 61,000 tonnes, down by 91.5 per cent from last year. Exports were up by over 30 per cent year-over-year, which accounted for some of the decrease. “It’s an […] Read more

Pulse weekly outlook: Large Canadian crops expected

Reading Time: < 1 minute MarketsFarm — Canada will have grown a record-large pea crop in 2020 and possibly the second-largest lentil crop ever, according to preliminary estimates from Statistics Canada, released Monday. Using satellite imagery and model-based yield estimates, the government agency pegged the 2020-21 Canadian field pea crop at 4.996 million tonnes. That would be a new record […] Read more