GFM Network News


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




As ‘Cannabis 2.0’ kicks off, industry strangled by limited retail outlets

Reuters — A year after Canada legalized use of recreational marijuana, cannabis stocks have lost half their market value, and investors betting that the launch of higher-margin pot-infused drinks and other products will quickly lift shares may be in for a bumpy ride. So-called cannabis 2.0 — legalization of marijuana derivatives including edibles, beverages, extracts […] Read more



Trump says impeachment inquiry could derail North America trade deal

Washington/Mexico City | Reuters — U.S. President Donald Trump warned on Wednesday that an impeachment inquiry against him could derail congressional approval of a North America trade pact, dragging down Mexico’s peso and stock market as investors fled riskier assets. While U.S. Trade Representative Robert Lighthizer said he was confident the U.S-Mexico-Canada trade agreement would […] Read more


A French farmer harvests wheat at sunset at Paillencourt in northern France on July 23, 2019. French wheat production, which survived a record heat wave in June, is one of many factors now weighing on prices.

The news is not good — but it will get better, say market analysts

Harvest is one of the worst times to look for good news in wheat markets, 
but prices should soon rally

It’s not hard to find bad news these days when it comes to wheat markets. Recent news stories include the USDA surprising analysts by raising its production forecast (by 59 million bushels), European wheat fields coming through a record-breaking heat wave in fine shape, and the threat from Black Sea producers continuing to rise. (For […] Read more

U.S. livestock: Futures rally on choppy grains, hopes for Chinese buying spree

Chicago | Reuters – Chicago Mercantile Exchange (CME) live hog futures rallied on Tuesday, as competition among packers for spot delivery grew and animal weights slipped after the recent U.S. heat wave, traders said. Live cattle futures also inched up, supported in part by choppy trading in U.S. grain futures and growing questions of whether […] Read more


Early harvest pressures Prairie barley prices

CNS Canada — Barley prices in Western Canada are falling as an early harvest is weighing on values. “Prices have moderated here,” said Allen Pirness of Market Place Commodities Ltd. Lethbridge, Alta. The surprise rally from last week ended as quickly as it began. Prices which started last week at about C$250 per tonne were […] Read more