GFM Network News

U.S. projects wheat acres at record lows, increases for soy, corn

Grain stocks as of March 1 down on year

MarketsFarm — As with last year, total wheat acres in the United States are projected to remain at all-time lows, according to the U.S. Department of Agriculture (USDA). The department issued its prospective plantings estimates Tuesday. MarketsFarm director of markets and weather Bruce Burnett called USDA’s wheat and soybean estimates positive, while he said its […] Read more

Burnett on Markets: Home flour use soars during pandemic

That's led to increased demand for milling wheat -- at least temporarily

It is hard to miss the lack of flour in the grocery aisles lately as consumers stock up on the “essentials.” A number of stores are just rolling out the pallets of flour into the store and they are picked clean by the end of the day. The increased domestic use of flour does not […] Read more


Canola dockage agreement with China expires, but limited exports to continue

Most remaining shipments meet Beijing's requirement

Exports of Canadian canola seed exports to China will continue, at the same reduced pace seen since March last year — but only if it contains less than one per cent dockage. A memorandum of understanding (MOU) between the two countries allowing higher dockage ends Tuesday (March 31), a Canadian government official said in an […] Read more



Saskatchewan crop insurance deadline pushed to mid-April

Governments offer farmers 'flexibility'

The month-end deadline for Saskatchewan farmers to finalize contracts with the provincial Crown crop insurance agency for 2020 has been moved to April 13. Provincial Agriculture Minister David Marit and federal Ag Minister Marie-Claude Bibeau on Monday announced the extension on farmers’ deadline to “apply, reinstate, cancel or make changes” to crop insurance contracts. “We […] Read more

U.S. grains: Corn slumps as ethanol makers feel coronavirus constraints

Market awaits USDA plantings, quarterly stocks data

Chicago | Reuters — U.S. corn futures fell more than one per cent on Monday on slowing grain demand from ethanol makers, as tightening coronavirus pandemic travel restrictions limited demand for the biofuel. Soybeans ended mixed, with nearby contracts lifted by firm soymeal prices and concerns coronavirus restrictions may impede South American soy shipments. Wheat […] Read more


Global grain production to increase, IGC predicts

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

Port of Thunder Bay resumes shipping grain

Welland Canal portion of St. Lawrence Seaway also open for season

The Port of Thunder Bay has reopened for the season and is already shipping products including grain. The 2020 navigation season officially began Thursday with the arrival of the tug Sharon M1 and barge Huron Spirit. The vessel combination came abeam of the Mission Pier entrance at 9:30 p.m. local time, port officials said in […] Read more


Prairie cash wheat: Rising loonie cuts into bids

MarketsFarm — Hard red spring wheat bids in Western Canada lost ground during the week ended Thursday, as the bearish influence of a strengthening Canadian dollar more than offset supportive influence from gains in U.S. futures. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down $5.50-$10 per tonne, according to […] Read more

U.S. EPA waives fuel requirements, extends biofuels deadline

Deadline extended to help refineries

Reuters — The U.S. Environmental Protection Agency on Friday unveiled measures to help oil refineries cope with fallout from the coronavirus outbreak, including waiving anti-smog requirements for gasoline and extending the deadline for small facilities to show compliance with the nation’s biofuels law. The outbreak has touched off a massive global decline in demand for […] Read more