GFM Network News

Will seasonal grain pricing hold this year?

Will seasonal grain pricing hold this year?

Reading Time: < 1 minute If you’re expecting history to repeat itself, sell some canola soon or wait until post-harvest.  Prices tend to follow a set pattern over the course of the year, says provincial crops market analyst Neil Blue. A chart using price data from 2011 to 2020 and a baseline of 100 shows prices rise to above 104 […] 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

CME December 2020 live cattle with 20- and 50-day moving averages. (Barchart)

U.S. livestock: Futures slip on seasonal pressure

Slaughter backlogs remain a drag on live cattle

Chicago | Reuters — U.S. live cattle futures fell on Monday, pressured by a softening in seasonal demand and the continued impact from backlogs at slaughterhouses, traders said. Lean hogs also eased on profit taking, while feeder cattle also followed live cattle for a loss. CME October live cattle futures fell 1.525 cents, to 108.35 […] Read more

Be ready to sell when good opportunities arise but don’t change your seeding plans in order to chase prices, say analysts.

Focus on production this year — not prices — say market watchers

Farmers are being advised to have a marketing plan in place, but otherwise focus on production

Reading Time: 5 minutes It’s a good time to take a break from chasing prices, say market watchers. “This year, more than most I’ve seen in recent years, could be a good break for growers who have stretched their rotations to try and grow the crop they feel is most economically advantageous,” said Mike Jubinville, senior markets analyst with […] Read more

(Photo courtesy Canada Beef Inc.)

Feed weekly outlook: Grains pressured by lower demand

MarketsFarm — Bids for feed grains have backed off previous highs as feedlots in Western Canada are covered into the New Year. “Now they’re bidding January and forward,” said Allen Pirness of Market Place Commodities in Lethbridge. Bids for feed barley and feed wheat delivered from January to March were around $220 per tonne, according […] Read more

(Photo courtesy Canada Beef Inc.)

Feed weekly outlook: Prolonged Prairie harvest pushes up grain prices

MarketsFarm — A seemingly never-ending harvest across the Prairies has been responsible for a $10-$15 per tonne jump this month in feed grain prices, said Glen Loyns, general manager of JGL Commodities in Moose Jaw. “It’s probably gone up $5 this week,” Loyns said. This year’s extended harvest, coupled with large amounts of grain to […] Read more

St. Paul-area farmer Lynn Dargis developed the grain-pricing app to make it easier for farmers to compare grain prices.

Alberta producer creates an ‘Expedia for grain prices’

Farmbucks compares grain prices on offer from buyers in Western Canada

Reading Time: 2 minutes Lynn Dargis was fed up trying to compare grain prices last winter. A busy farmer with a 4,400-acre grain operation, 2,000-head feedlot, and three small children, Dargis didn’t always have time to log into each grain buyer’s website to find the best prices. But she also knew she couldn’t afford to leave money on the […] Read more

Drought has pushed much of the U.S. wheat crop into poor or very poor categories and that’s been driving up prices for increasingly rare good-quality, high-protein wheat.

Strong prices give grain growers a reason to celebrate

It’s been a tough growing season but higher prices for wheat, canola, and lentils have created ‘some good optimism’

Reading Time: 4 minutes It’s been a tough year for grain growers in Alberta, but strong prices are giving many a reason to celebrate as they head toward harvest. “If you look at the positives, there has been a move higher in prices in crops that are really impactful for Prairie farmers,” said Jonathon Driedger, senior marketing analyst at […] Read more