GFM Network News

Canola exports top 10 million tonnes in 2019-20

Reading Time: < 1 minute MarketsFarm — Total Canadian canola exports during the 2019-20 crop year were up nine per cent on the year, and slightly above the five-year average, according to the latest weekly data from the Canadian Grain Commission (CGC). With 229,800 tonnes exported during the final week of the 2019-20 marketing year, the preliminary total canola exports […] Read more

Weekly canola exports well below average

Reading Time: < 1 minute MarketsFarm — Weekly Canadian canola exports fell to their second-lowest level of the 2019-20 crop year-to-date during the week ended Sunday, according to the latest data from the Canadian Grain Commission. Only 80,300 tonnes of canola were exported during the 45th week of the crop year, down 44 per cent from the previous week and […] Read more

Canola supplies in commercial pipeline tighten

Reading Time: < 1 minute MarketsFarm — Canola supplies in the commercial pipeline fell below a million tonnes for the first time in more than seven months, according to the latest Canadian Grain Commission data, amid solid exports and a slowdown in farmer deliveries. Total visible canola supplies of 815,200 tonnes, as of May 24, were down 24 per cent […] Read more

Farmer deliveries well above average in April

Reading Time: < 1 minute MarketsFarm — Farmer deliveries of major grains into the Canadian commercial pipeline were up substantially in April, hitting their third-highest monthly total on record, according to updated data Statistics Canada released Monday. Farmers in April delivered 5.868 million tonnes of major grains, about a million tonnes above the monthly average during the 2019-20 crop-year-to-date, and […] Read more

U.S. grains: Corn up despite USDA forecast for ballooning stocks

Soybeans drift lower; wheat weaker on improving crop weather

Reading Time: 2 minutes Chicago | Reuters — Chicago corn ended higher on Tuesday after the U.S. Department of Agriculture forecast U.S. corn stockpiles would top 3.3 billion bushels by the end of the 2020-21 marketing year, a 33-year high that nonetheless fell below an average of trade expectations. USDA’s forecast for 2019-20 corn ending stocks, at 2.098 billion […] Read more

Thunder Bay sees increased port traffic to start season

Reading Time: < 1 minute MarketsFarm — The Port of Thunder Bay reports “a surge in grain throughput” as the global COVID-19 pandemic has led to tight grain supplies in some countries and an increase in demand. Grain moved through Thunder Bay, on the northern shore of Lake Superior, is loaded onto “laker” vessels that transport to North American destinations […] Read more

Global grain production to exceed 2.2 billion tonnes, IGC predicts

Reading Time: 2 minutes MarketsFarm — The International Grain Council (IGC) has revised its latest monthly forecast of global grain production down slightly. The IGC projected global production in 2020-21 to hit 2.218 billion tonnes its April 30 report, for a drop of five million tonnes from its March estimate. The reduction was due to the dry conditions in […] Read more

Global grain production to increase, IGC predicts

Reading Time: 2 minutes MarketsFarm — The International Grains Council (IGC) issued projections Thursday calling for a slight increase in total global grain production for the current marketing year and for 2020-21. The U.K.-based council forecast world production at 2.175 billion tonnes, which would be an increase of three million tonnes from its February report. The IGC said that’s […] Read more

CN faces grain export backlog of 10,000 carloads, CEO says

Reading Time: 2 minutes Montreal | Reuters — Canadian National Railway (CN) lost capacity equivalent to 10,000 carloads, or one million tonnes of grain exports, in February due to rail blockades by protesters opposed to a pipeline project, CEO Jean-Jacques Ruest said Tuesday. Activists disrupted passenger and freight traffic last month to show solidarity with the Wet’suwet’en people, who […] Read more