GFM Network News



Adjustments likely ahead for StatsCan’s early acreage estimates

Projections still in line with grain trade's expectations

MarketsFarm — The results of the first acreage estimates for 2020 from Statistics Canada come with an asterisk, as the COVID-19 pandemic halted data collection early. Canada’s actual seeded area is expected to see some shifts from the projections released Thursday. “As a result of the timing of the COVID-19 pandemic, these estimates were produced […] Read more






Prairie cash wheat: Durum holds steady, other spring wheats down

MarketsFarm — Wheat bids in Western Canada were mostly lower for the week ended Thursday, due to declines in U.S. markets. Support came from a weaker Canadian dollar. Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats were lower, while Canada Western Amber Durum (CWAD) was steady to higher. Average CWRS (13.5 […] Read more



Prairie cash wheat: Prices a mixed bag

U.S. futures, loonie down on week

MarketsFarm — Wheat bids in Western Canada saw gains and losses for the week ended Thursday, due to declines in U.S. markets and a lower Canadian dollar. Canada Western Red Spring (CWRS) wheat was mixed with some losses, but prices steady to higher in six of the Prairie regions. Canada Prairie Spring Red (CPSR) was […] Read more


U.S. projects wheat acres at record lows, increases for soy, corn

Grain stocks as of March 1 down on year

MarketsFarm — As with last year, total wheat acres in the United States are projected to remain at all-time lows, according to the U.S. Department of Agriculture (USDA). The department issued its prospective plantings estimates Tuesday. MarketsFarm director of markets and weather Bruce Burnett called USDA’s wheat and soybean estimates positive, while he said its […] Read more

Prairie cash wheat: Rising loonie cuts into bids

MarketsFarm — Hard red spring wheat bids in Western Canada lost ground during the week ended Thursday, as the bearish influence of a strengthening Canadian dollar more than offset supportive influence from gains in U.S. futures. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down $5.50-$10 per tonne, according to […] Read more