GFM Network News


(Dave Bedard photo)

Slight adjustments in AAFC’s April supply/demand report

MarketsFarm — Updated supply and demand estimates from Agriculture and Agri-Food Canada, released Tuesday, included only minor adjustments to balance sheets for most major crops. Statistics Canada releases its first survey-based acreage estimates for the upcoming growing season on Tuesday next week (April 27), which should lead to adjustments in subsequent supply/demand projections. Canola ending […] Read more

CME June 2021 live cattle with Bollinger (20,2) bands. (Barchart)

U.S. livestock: Live cattle up with consumer beef demand

Demand, cash prices also support hogs

Chicago | Reuters — U.S. live cattle futures on the Chicago Mercantile Exchange climbed higher on Tuesday, supported by strong consumer beef demand and a firming cash beef market, analysts said. “The demand for protein is strong,” said Altin Kalo, economist at Steiner Consulting Group. It’s people getting ready for the spring and restaurants opening […] Read more


CME June 2021 live cattle with Bollinger (20,2) bands. (Barchart)

U.S. livestock: Cattle futures rise, hog futures weaken

Demand expected to rise on re-openings

Chicago | Reuters — Chicago Mercantile Exchange cattle futures rose on Monday supported by expectations of souped-up demand as economies begin to fully re-open after shutdowns related to COVID-19. “Cattle futures continue to price in better days ahead and the technical picture looks improved as well,” brokerage StoneX said in a statement. The most-active June […] Read more



CME June 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Cattle, hogs firm as U.S. stimulus plan fuels optimism

Relief bill expected to lift meat demand

Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures firmed on Monday, recovering from a seven-week low hit last week, on optimism that the US$1.9 trillion COVID-19 relief bill will spur the U.S. economy and bolster demand for meat, traders said. CME April live cattle futures settled up 0.325 cent at 119.35 cents/lb., […] Read more

One Canada Square (tower at centre) houses the London head office of the International Grains Council. (Iliffd/iStock/Getty Images)

Few alterations seen in new global supply/demand report

IGC expecting more corn grown this year

MarketsFarm — There were few notable changes in the latest monthly supply-and-demand report from the International Grains Council (IGC) on Thursday. One of the more significant alterations was its 1.42 per cent increase to total global production from that in 2019-20, at nearly 2.216 billion tonnes. It also raises its estimate for this marketing year’s […] Read more


(Dave Bedard photo)

Canadian flax prices, exports going up

MarketsFarm — High demand and an accompanying increase in overseas exports have resulted in reduced domestic supply for Canadian flaxseed, helping drive prices for the crop to highs unseen in years. Marlene Boersch, owner of Mercantile Consulting Venture in Winnipeg, said the amount of flax from Canada going to the U.S. and European Union is […] Read more

Chickpeas. (CalypsoArt/iStock/Getty Images)

Pulse weekly outlook: Adversity bolsters chickpea bids

'Other crops just pencil in better'

MarketsFarm — Canadian chickpea prices have either stayed firm or slightly went up as the pulse runs into more than its fair share of adversity. Limited supply, reduced demand and environmental factors have all affected the long-term prospects of the crop at home and abroad, according to Colin Young of MidWest Grain in Moose Jaw. […] Read more


beer with barley

Malt growers have many reasons to raise a glass this year

Quality is good, demand strong so far, and the harvest was night and day from a year ago

Quality is good, demand strong so far, and the harvest was night and day from a year ago

Reading Time: 3 minutes It’s a cliché — but most malt growers really do have a reason to raise a glass and toast what has turned out to be a good year. Last year’s wet harvest made for “a dismal year” but this season has been good for most growers in south and central Alberta, as well as Saskatchewan […] Read more

(Serts/iStock/Getty Images)

Pulse weekly outlook: Export demand supports lentils

India set to extend current tariff reductions

MarketsFarm — Lentil prices in Western Canada saw a counter-seasonal rally at the end of harvest and are likely to sustain that rally into winter. “Prices are going to keep going higher,” Darcy Barie, a commodity buyer with Verdient Foods at Vanscoy, Sask., said. Ahead of the 2020 harvest, red lentils were around 24 cents/lb. […] Read more