GFM Network News



Feed weekly outlook: Export demand supports prices

MarketsFarm — Feed grain prices remain strong into the winter, due to steady feedlot demand and solid export activity. Brandon Motz of CorNine Commodities at Lacombe, Alta. said feedlots have freed up some pen space after COVID-19 shutdowns created backlogs, but demand remained steady. “There’s more pen space in southern Alberta, compared to other years,” […] Read more


U.S. grains: Soybeans up one per cent as soyoil climbs

Corn up; wheat declines on global supply outlooks

Chicago | Reuters — U.S. soybean futures rose about one per cent on Thursday, rallying on bargain buying after a two-week low set a day earlier and on uncertainty about South American crop prospects, traders said. Soybeans also drew support from strength in soybean oil futures, which advanced about two per cent on news of […] Read more

Canada’s canola harvest smallest in five years

Wheat crop a bin-buster, StatsCan report finds

Winnipeg | Reuters — Canadian farmers produced the smallest canola crop in five years, but the largest wheat output since 2013, Statistics Canada said in its final harvest estimate of the year. Canola production looked set to reach 18.7 million tonnes, down 4.5 per cent from last year and below trade expectations. It was a […] Read more



StatsCan report to provide clarity on 2020 crop production

MarketsFarm — Market participants and producers will be looking to Statistics Canada’s principal field crop report, due out Thursday, for clarity regarding 2020 crop yields. “We’re looking to see how severely the heat damaged the crop, and how yield estimates were tempered later in the growing season,” said Jerry Klassen, an analyst in Winnipeg. Klassen […] Read more


October crush numbers up, canola record set

MarketsFarm — Canadian oilseed processors crushed a record amount of canola during October 2020, according to the latest data from Statistics Canada. Increases were reported throughout the canola and soybean crushes when comparing this October with October 2019. October 2020 saw 931,060 tonnes of canola crushed, which bested the previous record of 899,331 tonnes set […] Read more

Canary seed supplies tighten

'Hidden' stocks of product seen shrinking

MarketsFarm — Canary seed stocks are presently tight for two reasons: unreported inventories have been used up, and poor yields from this year’s crop. David Nobbs of Purely Canada Foods in Saskatoon explained there was a “hidden inventory over the last four to five years,” never reported to Statistics Canada, that was used to meet […] Read more



AAFC lowers wheat carryout estimate, raises canola

MarketsFarm — Updated supply and demand estimates from Agriculture and Agri-Food Canada call for tighter wheat carryout for the 2020-21 crop year than previous forecast — and more canola. Tursday’s report provides the first adjusted balance sheet estimates from the government agency that account for the latest production numbers from Statistics Canada released earlier in […] Read more