GFM Network News


CBOT July 2021 corn (blue high/low/close) and CBOT July 2021 wheat (red HLC). (Barchart)

Feed weekly outlook: Falling futures suggest first cracks in lofty market

MarketsFarm — A sharp drop in corn and wheat futures prices at the Chicago Board of Trade over the past week could be the sign of the first cracks in the western Canadian feed grain market. That said, tight supplies and uncertainty over new-crop grain production remain supportive. “With the move on the futures market […] Read more

(Greg Berg photo)

Oats values hold steady at harvest

MarketsFarm — The oats market in Western Canada is holding relatively steady despite seasonal harvest pressure, although yields failed to live up to earlier expectations. “Steady at harvest time is good,” said Scott Shiels, grain procurement merchant with Grain Millers in Yorkton. Prices often dip at harvest time due to increased deliveries, he noted, but […] Read more


(Country Guide file photo)

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

(4loops/iStock/Getty Images)

Pulse weekly outlook: Lack of willing sellers underpins prices

MarketsFarm — Pea and lentil bids in Western Canada are holding relatively steady for the time being, despite anecdotal reports of increased international demand due to the COVID-19 pandemic, with attention soon shifting to spring seeding. A lack of willing sellers is keeping pulse bids underpinned in Western Canada, according to broker Dale McManus of […] Read more





ICE January 2020 canola with 20- and 50-day moving averages. (Barchart)

ICE weekly outlook: Uncertainty, lack of farmer selling lift canola bids

MarketsFarm — Over the last week or so canola prices have been largely supported by two factors, according to Errol Anderson of Pro Market Communications in Calgary. “To some degree it’s still crop uncertainty and growers aren’t selling.” Cash bids have varied widely, he said, while spot premiums have shot up a bit. “That indicates […] Read more




(Dave Bedard photo)

ICE weekly outlook: Canola ‘stuck in neutral’

CNS Canada — ICE Futures Canada canola contracts are lacking any clear direction at the beginning of May, and may stay rangebound through the seeding period. “Canola is stuck in neutral,” said Wayne Palmer, senior market analyst with Agri-Trend Marketing. “We’re at that stage where it’s rangebound, waiting for news, and watching the weather across […] Read more