GFM Network News

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

Time to sell feed barley, analyst suggests

The price of feed barley has been trending higher throughout the spring and into seeding time, but one industry analyst said the market may soon start to back off. Gerald Snip of Marketplace Commodities at Lethbridge, Alta., said a lack of deliveries from producers has been behind the increase in price, but that could change […] Read more

Crush margins gain strength with crop concerns

Canola crush margins have seen some upward movement over the last week, thanks in large part to the seeding concerns across the Canadian prairies. Canola crush margins for July were bringing $86.48 per ton as of June 6, according to ICE Futures Canada. That compares with $77.67 per ton a week ago, and $78.22 per […] 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

Prairies’ winter wheat crop and acres falter

The wet and late spring that hit the eastern part of Canada’s Prairies has hurt the progress of the area’s winter wheat crop. “I have seen very little winter wheat out of the ground. There is nothing I can see around here, or in the more southern parts of the province,” said Jake Davidson, executive […] 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