GFM Network News



(Alkestida/iStock/Getty Images)

Durum markets reckon with weather

'There was no wiggle room for a crop problem'

MarketsFarm — The higher temperatures soared and the longer between rains in Western Canada, the lower the yield projections for most crops — and drought-tolerant durum wheat is no exception. With bids already elevated due to a downturn in potential new-crop supply, the price of durum could rise even higher. “There’s not a lot of […] Read more


(Thinkstock photo)

Prairie cash wheat: Bids up with strong gains in U.S. markets

MarketsFarm — Bids spiked for Canada Western Red Spring (CWRS), Canada Prairie Spring Red (CPSR), and durum (CWAD) wheats in Western Canada for the week ended Thursday. Steep increases in U.S. wheat futures supported values, as did a lower Canadian dollar which lost more than a half cent. Average CWRS (13.5 per cent protein) wheat […] Read more

The Italgrani USA durum mill at St. Louis, Missouri. (CNW Group/Richardson International)

Richardson to buy major U.S. durum processor

Italgrani's milling, grain handling assets to go to Winnipeg firm

Agrifood firm Richardson International is set to expand and further diversify its grain processing space with a deal for what’s billed as North America’s single largest durum flour and semolina miller. The Winnipeg company said Thursday it will buy 100 per cent of the shares in Italgrani USA Inc., whose assets include a mill, elevator […] Read more


(Thinkstock photo)

Prairie cash wheat: Spring wheat bids spike

Durum bids up moderately

MarketsFarm — Wheat bids in Western Canada for the week ended Thursday spiked sharply for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats, while gains for Canada Western Amber Durum (CWAD) were much more subdued. Steep increases in U.S. wheat markets supported values — as did the Canadian dollar, by losing […] Read more

The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)

CBOT weekly outlook: USDA reports generate immediate turnaround

MarketsFarm — Commodity prices for corn, soybeans and wheat made a very quick turnaround on Wednesday following the release of two major reports from the U.S. Department of Agriculture (USDA). “At 11 o’clock corn was down 14 cents per bushel and went limit up 40 cents,” commented Scott Capinegro of Barrington Commodities in Barrington, Ill. […] Read more


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

Canada’s canola acres up from earlier forecast

Wheat acres up; barley, oats, corn revised lower

MarketsFarm –– Canadian farmers seeded more canola in 2021 than originally intended, with a number of other crops also seeing adjustments higher as dry weather through the planting season allowed for a fast seeding pace. In its June estimates of principal field crop areas, released Tuesday, Statistics Canada pegged total canola planted area at 22.5 […] Read more

(Thinkstock photo)

Prairie cash wheat: Drought sends bids higher

U.S. July wheat futures up on week

MarketsFarm — Mounting drought concerns in the spring wheat-growing regions of Canada and the U.S. saw Prairie cash bids post solid gains during the week ended Thursday. Average CWRS (13.5 per cent) wheat prices were up by $18-$21 per tonne, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and […] Read more


(Thinkstock photo)

Prairie cash wheat: Bids correct higher

U.S. wheat futures up on week

MarketsFarm — Wheat bids across Western Canada moved higher during the week ended Thursday, as U.S. futures saw a corrective bounce after falling to their softest levels in over a month. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $8.50-$9 per tonne, according to price quotes from a […] Read more