GFM Network News



Prairie hay shortage on horizon

MarketsFarm — While rain across the Prairies has eased concerns of an all-out drought, worries of a hay shortage going into winter haven’t ceased. Darren Chapman, a Virden, Man. producer and chair of the Manitoba Forage and Grassland Association (MFGA), explained that regrowth following the first cut of hay has been strong. First-cut hay crops […] Read more


Flax prices muted

MarketsFarm — Flax yields are expected to be average at harvest season, thanks to the combination of more seeded acres and inclement growing conditions. Export numbers have been lower in recent years, due in part to China having opted to import flax from other countries besides Canada. According to an early 2019 report from FarmLead, […] Read more

Pulse weekly outlook: Weather threatens India’s crops

MarketsFarm — India is experiencing abnormal rain and weather patterns that have resulted in almost half of the country receiving drastically less rain than usual. In total, the entire country is experiencing about 12 per cent less precipitation than is normally expected. Particularly, provinces in India’s key pulse-growing region are experiencing significant droughts during a […] Read more


CBOT weekly outlook: World wheat output seen lower than expected

MarketsFarm — Parts of the U.S. Department of Agriculture’s latest world agriculture supply and demand estimates (WASDE) have “caught the trade off guard,” according to one trader. In its report, released Thursday, USDA significantly cut production volumes in Canada, Australia, Russia and Ukraine. In total, global wheat production was down 9.4 million tonnes, and stocks […] Read more

Feed weekly outlook: Grain prices back off previous highs

MarketsFarm — Feed barley prices have come down from June highs, which saw prices around $300 per tonne. Currently, feed barley is around $275-$280 as market participants anticipate arrival of new crops. However, demand for feed grains remains high, as “we’re still dealing with a full feedlot,” said Brandon Motz of CorNine Commodities at Lacombe, […] Read more


Malt barley prices remain stable

MarketsFarm — Malt barley prices have held steady throughout the 2019 growing season as global demand remains strong. Malt prices in 2018 were driven about 15 per cent higher due to a global shortage. According to Farmlink, drought conditions caused Australia to produce “one of the smallest barley crops in recent memory.” The crops were […] Read more

Feed weekly outlook: World weather buoys barley

MarketsFarm — Canadian feed barley prices are being buoyed by a triple threat of weather circumstances both locally and abroad. Three years of dry growing conditions in Australia have tightened global feed barley supplies to the point that domestic Canadian prices have increased. Current feed barley bids are topping out at $6.25 per bushel in […] Read more


Pulse weekly outlook: Field pea acreage increasing

MarketsFarm — Last week’s report from Statistics Canada estimated that some acreage in Canada’s canola belt will instead go to field peas in 2019. Approximately 4.3 million total acres will be dedicated to field peas, StatsCan said, marking a 300,000-acre increase from estimates earlier in the year, and up from the 3.6 million acres seeded […] Read more

CBOT weekly outlook: USDA report leaves trade unsteady

MarketsFarm — Chicago Board of Trade markets were volatile following Friday’s U.S. Department of Agriculture’s acreage report, which saw more corn acres and fewer soybeans than expected. “We had a sharp break, but now we’re starting to recover a bit,” said Steve Georgy, president of Allendale Inc. in Illinois. USDA’s next world agriculture supply and […] Read more