GFM Network News

Wheat production in Germany (pictured here) is down as well as in the rest of Europe, Russia, and Australia. The summer’s price bounce is gone but the outlook for wheat prices remains favourable, say market watchers.

Wheat rally stalls at just the wrong time

Prices are off summer highs but a drop in global production sets the stage for another rally this winter

Reading Time: 3 minutes For much of this year’s hot, dry summer, Alberta wheat growers could look forward to higher prices to offset lower production. But now they can’t even count on that — at least not for the foreseeable future. “We have seen prices pulling back a little bit over the last few weeks,” FarmLink’s senior market analyst […] Read more

Wheat being harvested in northern France last month — an extremely hot, dry summer has analysts predicting production in Europe’s largest wheat-producing country could fall by three million tonnes this year.

This year’s back-up plan could work out nicely

Wheat acres in Alberta jumped this year but the move appears to be well timed

Reading Time: 3 minutes With the shine off pulses and disease issues constraining canola acres, wheat has become the go-to alternative for Alberta farmers this year. StatsCan estimates 6.27 million acres of spring wheat were planted in the province this year — 405,000 more acres than last year and the most since 2013. Add in durum and winter wheat, […] Read more

Photo: Thinkstock

Wheat futures climbing higher

CNS Canada – North American wheat prices have rallied sharply over the past few weeks and could have more room to go, especially for higher quality and higher protein wheat. After trending lower for most of June and into early July, the Minneapolis December spring wheat contract settled at US$6.2275 per bushel on July 31, […] Read more

The surge in Black Sea wheat is a huge — and underappreciated — threat, says Alberta producer Greg Porozni (left), seen here talking with Essa Al Ghurair, owner of the United Arab Emirates’ largest flour mill and canola crush plant, during a trade mission earlier this winter.

A tsunami of Black Sea wheat is flooding global markets

The Black Sea troika of wheat producers used to be minnows — now they’re giants and still growing

Reading Time: 3 minutes The Russians aren’t coming, they’ve already arrived. And they’ve been joined by the Kazakhs and Ukrainians. The surge of wheat exports from Black Sea producers into global grain markets isn’t new, but most Prairie farmers may not appreciate just how strong they’ve become. “Russia continues to dominate the global wheat export trade,” market analyst Marlene […] Read more