GFM Network News

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Wide base of customers aids canola market

Reading Time: < 1 minute Demand from China has been the headline factor in the price rise for canola (and a lot of other commodities) but the oilseed is also benefiting from a diversified export base, says provincial market analyst Neil Blue. While China has greatly ramped up its purchases and long-term buyer Japan sits in the No. 2 spot, […] Read more

Unlike price jumps caused by supply shortages, which tend to be short lived, it’s a rise in demand that’s pushing grain and oilseeds to all-time highs, says market analyst Mike Jubinville.

Grain prices reach near-record highs with no end in sight

They could go higher yet, but take advantage now to lock in some of next year’s crop, say experts

Reading Time: 4 minutes The best cure for high prices is prices — as the old saying goes — but Canadian grain producers may be able to ride the current highs for a little longer yet. “We’re approaching all-time highs in a number of commodities right now, and historically, the faster things go up, the faster they inevitably go […] Read more

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Feed weekly outlook: High demand keeps bids strong

MarketsFarm — Feed grain prices in Western Canada have come off of recent highs but remain “higher than what feeders like to see.” That’s according to Brandon Motz of CorNine Commodities ar Lacombe, Alta., who said feed grains are still in a “high-demand market,” with spot prices for feed barley and wheat around $260-$265 per […] Read more

Exports of wheat have been strong during the pandemic and while prices aren’t great, there’s a chance they could see an upswing in the winter.

Wheat could be a pleasant surprise on the upside this winter

A lot of grain has moved during the pandemic, analysts are hoping for some ‘fireworks’ in the market

Reading Time: 4 minutes The market for Canada’s wheat shows promise, even if no one can say that it’s going to be a clear winner. “It’s not like we’re going to see the doubling of prices,” said Brennan Turner, chief executive officer of FarmLead. “There are a number of variables that are likely to push wheat prices higher than […] Read more

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USDA’s July WASDE has little effect on markets

U.S. Midwest weather likely having greater effect

MarketsFarm — There were some notable changes in the carryovers for corn, soybeans and wheat in the July supply and demand report from the U.S. Department of Agriculture released Friday. However, the monthly world agriculture supply and demand estimates (WASDE) had very little effect on the markets, according to MarketsFarm analyst Mike Jubinville. “I think […] Read more