GFM Network News

Prairie wheat bids continue downward trend

CNSC / Cash bids for western Canadian spring wheat continued to move lower during the week ended Nov. 4. Average spot bids for CWRS 13.5 per cent protein across Manitoba, Saskatchewan and Alberta came in at around $219 per tonne ($5.95 per bushel) based on pricing available from a cross-section of delivery points — which […] Read more

U.S. markets rangebound pending new USDA estimates

Canola futures on the ICE Futures Canada trading platform moved lower during the week ended Nov. 1, though the market bounced around on both sides of unchanged throughout the week. Spillover pressure from the losses in Chicago soybeans, the advancing U.S. soybean harvest and expectations of a record-large South American oilseed crop were bearish. The […] Read more

China and others quietly binged on U.S. grain during government shutdown

China and other big grain importers embarked on a corn and soybean buying spree during the U.S. government’s 16-day shutdown last month, taking advantage of a lapse in mandatory reporting of their deals, data showed Oct. 31. Figures from the U.S. Department of Agriculture, which had halted collection of required weekly grain export sales information […] Read more

Grain industry reacts to CGC’s insurance-based security scheme

The plan is generally supported but KAP is disappointed protection won’t be extended to feed mill sales

Response to the Canadian Grain Commission’s (CGC) proposal to replace its current producer security program with an insurance scheme is mostly positive. But support is contingent on the new program being cheaper than the current one — something the CGC says will be the case, even though no figures have been released yet. Manitoba’s Keystone […] Read more