GFM Network News

Forage exports remain strong

While Canadian forage exports remain firm with solid U.S. demand and interest from China providing some underlying support, concerns remain that transportation issues and exports from the U.S. Midwest may limit further upside potential. Wayne Digby, executive director of the Canadian Forage and Grassland Association, said some of the underlying support in Canadian exports has […] Read more

New-crop canola cash values advance

New-crop Prairie canola bids continue their bullish trend seen since the start of 2012. However, talk of overbought positions in the futures, and the looming idea of large seeded canola area across Western Canada this spring, may cap further gains. Mike Jubinville, an analyst with ProFarmer Canada in Winnipeg, said some of the underlying support […] Read more

Recent Prairie rainfall good news for farmers

Recent precipitation across the Prairies has helped ease some of the dryness concerns in the region, and was welcomed by farmers ahead of spring seeding. "One of the impacts, psychologically, with the recent rainfall is it’s been tremendous for farmers," said Stuart McMillan, a weather and crop analyst with the Canadian Wheat Board in Winnipeg. […] Read more

Tight supply strengthens Prairie flax prices

After struggling for quite some time, flaxseed values in Western Canada have slowly started to strengthen and there are ideas the uptrend should continue in the near future. "Tight global supplies have certainly helped the strengthening of flax bids," said Mike Jubinville of ProFarmer Canada in Winnipeg. The fact flax supplies in Western Canada are […] Read more

New-crop lentil bids sluggish on Prairies

New-crop lentil bids in Western Canada remain sluggish, with ample supply and the lack of interest in forward pricing weighing on prices, said an analyst. "Lentils are a dead market for the foreseeable future," said Mike Jubinville, an analyst with ProFarmer Canada in Winnipeg. Some of the weakness in new-crop bids was associated with the […] Read more

Prairie flaxseed prices edge higher

Western Canadian flaxseed cash bids have advanced in the past month, with fresh export demand along with tight supply concerns contributing to the firmness, said an industry participant. "The Chinese market has really helped out western Canadian flax prices this year," said Chuck Penner, an analyst with LeftField Commodity Research in Winnipeg. The Chinese and […] Read more

Prairie canola cash bids continue to advance

Western Canadian canola cash bids continue to move upward with record crushing, solid export demand and chart-based buying providing underlying support. However, ideas that canola may be oversold, along with uncertainty in the global macroeconomic picture, could temper the upward price potential in the long-term. Mike Jubinville, an analyst with Pro Farmer Canada in Winnipeg, […] Read more