GFM Network News

Feed barley expecting harvest pressure

With harvest operations getting ready to being across the Prairies, the price of feed barley has seen a decline of late, and more losses are expected to occur in the next six weeks to two months. Errol Anderson, president of Pro Market Communications in Calgary, said bids are currently bringing around $200 per tonne, but […] Read more

ICE Futures Canada not worried about MGEX plans

The Minneapolis Grain Exchange (MGEX) has announced it will drop the U.S. origin stipulation for wheat delivered against its Hard Red Spring wheat (HRSW) futures contract by May 2013 — which could take business away from the planned spring wheat futures contract on the ICE Futures Canada platform. However, Brad Vannan, president of ICE Futures […] Read more

Flax bids weaken on lower demand

Flax prices in Western Canada have declined over the past month — and given the uncertainty of the global economic situation, that trend may continue into the winter months. Elevator deliveries for flax were bringing as much $13.91 per bushel in Alberta, $13.39 per bushel in Saskatchewan and $13.40 per bushel in Manitoba, according to […] Read more

Chickpeas see gains on global concerns

Poor crops being grown in Australia and Turkey have led to a significant increase in the value of chickpeas in Western Canada. Omer Al-Katib, director of corporate affairs and investor relations with Alliance Grain Traders in Regina, said the two nations have had separate problems this year, which have led to a jump in the […] Read more

Feed wheat loses steam with lack of demand

Many cattle feedlots across the Prairies have reduced the number of cattle on their yards now that the summer has arrived, and with fewer animals being fed, the price of feed wheat has declined. Gerald Snip, a grain trader with Marketplace Commodities at Lethbridge, Alta., said he wasn’t surprised to see fewer animals at the […] Read more

Expect another crush record in 2011-12

A total of 5.11 million tons of canola have been crushed in Canada as of June 8 in the 2010-11 crop year, according to the Canadian Oilseed Processors Association. That number is an all-time high and there are six weeks still left in the crop year. The previous high was set last year, when 4.79 […] Read more

Flax moves higher on account of poor weather

Like many other grains and oilseeds, flaxseed bids in western Canada have been gaining strength over the last little while. Richard Zacharias, general manager of Prairie Flax Products at Portage la Prairie, Man., said poor spring planting conditions have been the catalyst for the price advance, with many parts of Manitoba and Saskatchewan being excessively […] Read more

Oats analyst suggests it’s time to sell some oats

Although oat values on the Chicago Board of Trade (CBOT) have been trending upward — albeit slightly — over the past couple of weeks, one analyst said producers on Canada’s Prairies should be thinking about selling some of their product before values decline. Ryan McKnight, a grain merchant with Linear Grain at Carman, Man., said […] Read more

Manitoba’s potato crop seen surviving flood

The rising Assiniboine River is expected to take out significant potato acreage around Portage la Prairie, but one industry official said the overall effect on Manitoba’s crop would be minimal. Brian Wilson, a potato specialist with Manitoba Agriculture, Food and Rural Initiatives at Carman, said there would obviously be some producers who would be affected, […] Read more