GFM Network News


Little variation seen in global grain supply and demand data

MarketsFarm — Few significant changes appear in the latest monthly supply and demand report from the International Grains Council (IGC), which released its estimates Thursday. The IGC slightly nudged its estimate of total world grain production from its August estimate of 2.23 billion to September’s 2.227 billion tonnes. The September forecast is 2.1 per cent […] Read more



Global grain production to increase, IGC predicts

MarketsFarm — The International Grains Council (IGC) issued projections Thursday calling for a slight increase in total global grain production for the current marketing year and for 2020-21. The U.K.-based council forecast world production at 2.175 billion tonnes, which would be an increase of three million tonnes from its February report. The IGC said that’s […] Read more

IGC calls for more wheat despite lowering global forecast

MarketsFarm — At close to 1.03 billion tonnes, there’s going to be more wheat in the world in 2019-20 than in the previous marketing year, according to the latest outlook from the International Grains Council (IGC). The London-based organization released its report on Jan. 23, in which it revised its previous forecast — but with […] Read more


Wheat being harvested in northern France last month — an extremely hot, dry summer has analysts predicting production in Europe’s largest wheat-producing country could fall by three million tonnes this year.

This year’s back-up plan could work out nicely

Wheat acres in Alberta jumped this year but the move appears to be well timed

With the shine off pulses and disease issues constraining canola acres, wheat has become the go-to alternative for Alberta farmers this year. StatsCan estimates 6.27 million acres of spring wheat were planted in the province this year — 405,000 more acres than last year and the most since 2013. Add in durum and winter wheat, […] Read more

The surge in Black Sea wheat is a huge — and underappreciated — threat, says Alberta producer Greg Porozni (left), seen here talking with Essa Al Ghurair, owner of the United Arab Emirates’ largest flour mill and canola crush plant, during a trade mission earlier this winter.

A tsunami of Black Sea wheat is flooding global markets

The Black Sea troika of wheat producers used to be minnows — now they’re giants and still growing

The Russians aren’t coming, they’ve already arrived. And they’ve been joined by the Kazakhs and Ukrainians. The surge of wheat exports from Black Sea producers into global grain markets isn’t new, but most Prairie farmers may not appreciate just how strong they’ve become. “Russia continues to dominate the global wheat export trade,” market analyst Marlene […] Read more


Record crops to send grain stocks to all-time peak, IGC says

London | Reuters –– Global grain stocks are expected to surpass 500 million tonnes for the first time at the end of the 2016-17 season, the International Grains Council said on Thursday, raising its forecasts for both corn and wheat production. The intergovernmental body, in a monthly update, put total grain carryover stocks at the […] Read more



IGC raises 2016-17 global wheat, corn forecasts

London/ Reuters – The International Grains Council has raised its forecasts for global corn production in the 2016-17 season, largely reflecting improved crop prospects in the United States. World corn (maize) production was upwardly revised to 1.017 billion tonnes, up from a previous projection of 1.003 billion and the prior season’s 968 million. “Better crop prospects […] Read more

A rising tide: Canada leap frogs U.S. in wheat exports

It’s been decades since that last happened, but some predict our share 
of the global market will continue to rise

Canada is exporting more wheat than the U.S. for the first time in decades. After decades of playing second fiddle to its southern neighbour, the low Canadian dollar and other factors have this country’s exports edging ahead in what some industry observers consider a new trend. Last crop year, Canada exported 23.9 million tonnes of […] Read more