GFM Network News


India looking to import pulses

MarketsFarm – Although India has prioritized producing their country’s own pulses self-sufficiently, unprecedented rainfall in October and November could turn the country back to relying on imports. A statement from the chairman of the Indian Pulses and Grains Association (IPGA), Zaverchand Bheda, said as much as 50 per cent of the urad pulse crop was […] Read more



ICE weekly outlook: Canola breaks out of week-long funk

MarketsFarm — It’s unclear yet what effect Thursday’s satellite field crop estimates from Statistics Canada will have on markets. Canola broke out of a six-day funk Wednesday, trending just slightly higher for the first time since Wednesday last week. Technical biases remain to the downside, as prices hover around contract lows. “There are a lot […] Read more

Big changes unlikely in next USDA report

MarketsFarm — Ahead of the next supply and demand report from the U.S. Department of Agriculture, several firms have issued estimates for U.S. corn and soybean yields. USDA is scheduled to release its next world agriculture supply and demand estimates (WASDE) Thursday at 11 a.m. CT. The report will help set the tone for commodities […] Read more



Feed weekly outlook: Barley prices soften before harvest

MarketsFarm – As harvest season kicks off for feed grains, new crop prices are at “market-clearing levels.” Allen Pirness of Market Place Commodities in Lethbridge, Alta., said cattle farmers are “in pretty good shape for old crop grain,” and are “waiting for new crop to hit.” “It’s taking its toll on prices a little bit, […] Read more



CBOT weekly outlook: Soybeans and corn watching weather, waiting on acreage numbers

MarketsFarm – Shifting weather forecasts and trade talk rumours should keep the soybean and corn markets at the Chicago Board of Trade on edge over the next few weeks, as participants wait on updated acreage numbers from the United States Department of Agriculture. The USDA’s August 12 report will include results of an acreage resurvey […] Read more


Federal report expects canola output down, wheat up

MarketsFarm — Expectations for canola production in Canada were revised downward Friday by Agriculture and Agri-Food Canada (AAFC). AAFC has now estimated Canadian farmers will produce 18.575 million tonnes of canola in 2019, down about 8.7 per cent from its previous estimate. Earlier this week, MarketsFarm analyst Bruce Burnett predicted canola production would be down […] Read more

StatsCan confirms smaller canola acres, more wheat

MarketsFarm — Canadian farmers intend to seed more spring wheat and less canola in 2019, according to Statistics Canada survey results released Wednesday. Additional shifts are also likely in subsequent reports, as dry conditions in southern Alberta and Saskatchewan may alter some intentions. Statistics Canada forecast canola area for 2019 at 21.3 million acres, which […] Read more