GFM Network News



Statistics Canada trims wheat production estimate

Lentil crop estimate up from August

MarketsFarm — Canadian farmers grew less wheat in 2020-21 than earlier thought, according to updated production estimates Statistics Canada released Monday. However, the country’s wheat crop would still be the second-largest on record and well above the five-year average. Using yield models based on satellite imagery, total wheat production in the country for 2020-21 is […] Read more





Prairie cash wheat: Bids trend higher

MarketsFarm — Spring wheat bids in Western Canada were mostly higher during the week ended Friday, taking some direction from U.S. futures. Midweek strength in the Canadian dollar had pressured basis levels, but the currency retreated to be relatively unchanged on the week. Average Canada Western Red Spring (13.5 per cent protein) wheat prices were […] Read more

Feed weekly outlook: Prices gain strength

MarketsFarm — Harvest activity in the western Canadian Prairies had depressed feed grain prices at the end of August, but prices have recovered slightly. “There’s been a bit of a break in harvest activity,” Allen Pirness of Market Place Commodities in Lethbridge said. Producers in southern Alberta had been harvesting barley at the end of […] Read more


Wheat crop to be second-largest on record, StatsCan predicts

Canola estimate at lower end of trade predictions

MarketsFarm — Canada’s farmers will have grown their second-largest wheat crop on record in 2020, according to the first production estimates of the year from Statistics Canada, as released Monday. The government agency pegged total wheat production in the country for 2020-21 at 35.74 million tonnes, up 10.5 per cent on the year and second […] Read more

Prairie cash wheat: Gains for CWRS, CPSR as durum drops

MarketsFarm — Wheat bids in Western Canada were higher for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats the week ended Thursday. However, prices for Canada Western Amber Durum (CWAD) dropped. Support came from significant increases in Chicago, Minneapolis and Kansas City wheat futures, but a stronger Canadian dollar held back […] Read more


U.S. grains: Corn, soybeans, wheat rally

'We absolutely need heavy rainfall in a lot of areas'

Chicago | Reuters — Chicago Board of Trade soybean futures jumped 1.8 per cent on Thursday to their highest in 7-1/2 months, with forecasts for dry weather in the U.S. Midwest threatening to hinder the crop throughout its late stages of development, traders said. “We absolutely need heavy rainfall in a lot of areas,” said […] Read more

Canola crop expectations vary ahead of StatsCan report

MarketsFarm — Statistics Canada is due to publish its first production estimates for Canada’s 2020 growing season on Monday (Aug. 31). Late-season hot temperatures and a lack of rain may cause Canada’s canola production to be lower than originally expected, according to some market participants. Earlier in the growing season, Winnipeg-based FarmLink Agriculture Solutions published […] Read more