GFM Network News



Pulse weekly outlook: Chickpea acreage expected lower

MarketsFarm — High global prices in the 2017-18 marketing year caused a global spike in chickpea production in 2018. It’s since taken a while for consumers to “chew through supplies,” which has put pressure on prices, according to Chuck Penner of LeftField Commodities. In a kabuli chickpea global outlook webinar hosted by the Global Pulse […] Read more



U.S. grains: Active planting weighs on corn

Chicago wheat hits lowest level since March 19

Chicago | Reuters — Chicago corn futures slid on Monday on favourable U.S. planting weather coupled with struggling crude oil prices that continue to pressure demand for corn-based ethanol, analysts said. Chicago Board of Trade (CBOT) wheat futures slipped to one-month lows as expected rain across Europe eased concerns about crop stress while competitive Saudi […] Read more


Canada sees no beef shortage, but prices may rise due to coronavirus

JBS plant at Brooks dials back to one shift

Ottawa/Winnipeg | Reuters –– The Canadian government is not expecting a beef shortage despite the spread of the COVID-19 coronavirus in certain meat-packing plants, though prices may rise, Prime Minister Justin Trudeau said on Tuesday. Trudeau added that beef producers are placing a priority on supplying the Canadian market before exporting products. Canada, one of […] Read more

Klassen: Uncertainty defines feeder market

'Hope' factor remains supportive

Compared to last week, western Canadian yearling prices were down $3-`$5 on average while calves were unchanged to down $2. Sales were characterized by low volumes and limited buying interest. Feedlot operators are hesitant to step forward in the current environment, with packing plants on both sides of the border reducing capacity. At the same […] Read more



ICE weekly outlook: Loonie’s rally kept canola lower

CBOT soymeal, soyoil also drag on canola

MarketsFarm — Canola prices dropped over the last week due to a combination of factors, according to David Derwin of PI Financial in Winnipeg. The Canadian dollar was one of those factors, as it had a small rally that pushed the loonie to almost 72 U.S. cents. That rally ended Wednesday, however, when the dollar […] Read more


Cattle producers press for lower price insurance premiums

WLPIP is needed, but unused because premiums too expensive, CCA says

The Western Livestock Price Insurance Program is not functioning properly due to very high premiums and needs to be quickly revamped, says the Canadian Cattlemen’s Association. “We’re having unprecedented volatility for markets. Having tools in place for farmers and ranchers has never been more important,” executive vice-president Dennis Laycraft said during a telephone town hall […] Read more