GFM Network News



ICE weekly outlook: All eyes on King Corn

MarketsFarm — ICE Futures canola contracts trended lower over the past two weeks and could have some more room to the downside before eventually returning higher with summer weather markets and expected strength in Chicago corn futures. The November canola contract settled at $450.40 per tonne on Wednesday. The contract could have another $5-$10 to […] Read more






Feed weekly outlook: Weather buoys grain prices

MarketsFarm –– A dry spring on the Prairies, coupled with intensely wet weather south of the border, has frustrated producers and supported higher feed grain prices. Barley prices have rallied “quite strongly” due to dry weather observed across most of the Prairies, combined with tight supplies from previous years, said Nelson Neumann of Agfinity in […] Read more


U.S. grains: Soy futures extend rally

Chicago | Reuters — U.S. soybean futures rose 1.6 per cent on Wednesday, hitting their highest since mid-April on support from concerns that planting delays in the U.S. Midwest will lead to a sharp cutback in acreage as well as harvest yields, traders said. The jump followed a U.S. Agriculture Department report after the market […] Read more

Prairie dryness concerns to persist

MarketsFarm — Large areas of Western Canada remain on the dry side, with little moisture in the immediate forecasts. And while it’s still early in the growing season, the interplay of conflicting patterns from the south and north will determine whether the dry areas receive timely precipitation during the growing season. “We are looking at […] Read more


Dry weather sees good seeding progress

Alberta Crop Report: Conditions as of May 21, 2019

Since April 1, the western parts of the province received at least 40 mm of accumulated precipitation, while areas in the northern parts of the Peace Region, eastern parts of the North West, most parts of the Central, and eastern parts of the Southern Region have seen less than 20 mm of rain. Frost was […] Read more

Warm, dry weather advances seeding; crop emergence in early stages

Alberta Crop Report: Conditions as of May 14, 2019

The warm dry weather has attributed to substantial seeding progress provincially. Last week’s average on all crops was slightly above 16 per cent while this week’s numbers for major crops is 42 per cent complete, which is sizably higher than the five year average of 25. Across Alberta, 72 per cent of peas are in […] Read more