GFM Network News

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Pulse weekly outlook: U.S. beans seen on rise for 2019

CNS Canada –– The acreage shift that played out between chickpeas and dry edible beans this year will shift again next year, Brian Clancey of marketing agency Stat Publishing predicts. Several factors lead him to that conclusion, he said. Canadian growers ship large numbers of beans and chickpeas to the U.S., and the production and […] Read more

(File photo courtesy Canola Council of Canada)

Canola stocks look less tight in StatsCan report

CNS Canada — Canadian farmers grew a record amount of canola in 2017, despite weather concerns, according to updated production estimates on Wednesday from Statistics Canada. The agency pegged production in 2017-18 at 21.3 million tonnes, up from the September estimate of 19.7 million and last year’s total of 19.6 million. The rise in production […] Read more

Canola south of Ethelton, Sask. on Aug. 3, 2017. (Dave Bedard photo)

Year-ago Canadian canola crop revised higher

CNS Canada — Canada’s 2016 canola crop has been revised higher in Statistics Canada’s first production estimates for 2017, released Thursday. StatsCan raised the 2016-17 production number from 18.4 million tonnes to 19.6 million, and pegged the 2017 crop at 18.2 million tonnes, which was somewhere in the middle of trade estimates. “I think there’s […] Read more

(Dave Bedard photo)

StatsCan’s canola estimates taken with grain of salt

CNS Canada — Statistics Canada’s latest crop production estimates are in and while they may raise a few eyebrows, the numbers aren’t likely to cause havoc in the markets, according to most trade analysts. StatsCan on Tuesday pegged canola production in 2016-17 at 17 million tonnes. That compares to pre-report ideas of 15.9 to 20 […] Read more

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U.S. grains: Soy jumps on USDA’s surprising cut in acres

Chicago | Reuters — U.S. soybean futures jumped to a one-week high on Friday after the U.S. Department of Agriculture lowered its domestic production estimate more than analysts had expected. Corn futures touched a two-week low on bigger-than-expected U.S. production and inventory estimates in the agency’s monthly crop reports. USDA surprised traders in both markets […] Read more