GFM Network News

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

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

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

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

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’

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

There’s a worldwide glut of most major grains, but analysts are optimistic that Prairie farmers will see some price improvement this year. This photo shows workers loading soybeans in March for export to China.

Analysts see breaks in the clouds for Alberta producers this year

A global grain glut has been weighing on prices, but wheat, barley, and pulses could go higher — and canola will continue to shine

There’s a global grain glut, but it shouldn’t have a negative effect on Alberta crop producers come fall, say two market analysts. Although it’s early days yet, both were quick to add. “We’re at the stage of the year when there are more questions than answers,” said Chuck Penner of LeftField Commodity Research in Winnipeg. […] Read more

Lower prices and crop quality hammered by poor harvest weather means it will be tough to squeeze out 
a profit this year.

In tough times like these, the goal is averting a disaster

The upcoming Hedging Edge workshop offers producers an 
introduction to options, futures, and hedging

It’s come to this. “It’s all about trying to make it a break-even year or a slight loss year, and prevent it from turning into a disaster year,” said David Derwin, commodities portfolio manager at PI Financial. A miserable harvest has created an abundance of poor-quality crops and with prices down sharply, producers are going […] Read more