GFM Network News


ICE weekly outlook: WASDE spillover boosts canola

Canola may soon become price-sensitive, analyst says

MarketsFarm — Sharp increases in soybean, corn and wheat futures on Tuesday, following the release of the latest supply and demand report from the U.S. Department of Agriculture (USDA), in turn spilled over into canola. The most significant factors in USDA’s world agricultural supply and demand estimates (WASDE) were further reductions to ending stocks for […] Read more

ICE weekly outlook: Rallying canola not at top yet

MarketsFarm — ICE Futures canola contracts continued to climb higher during the first few trading days of 2021 — and could still see more gains before the inevitable correction. “We’re not necessarily at the top,” said analyst Errol Anderson of Pro Market Communications in Calgary, adding “the market is going through intense demand rationing right […] Read more


Grain, seed corn growers get access to seasonal worker program

Maple syrup also added to national commodity list

Growers of grains, oilseeds and seed corn and maple syrup producers may be able to get in on the federal Seasonal Agricultural Worker Program (SAWP) for the 2021 season. Federal Employment Minister Carla Qualtrough announced Nov. 27 the national commodity list (NCL) would be expanded to include seed corn, oil seed, grains and maple syrup […] Read more

Grain, oilseed exports well ahead of year-ago

Chinese demand up substantially for Canada's crops

MarketsFarm — Canadian grain exports continue to run at a very solid pace, with canola, wheat and barley movement-to-date all up substantially on the year. Total exports of Canada’s major grains and oilseeds as of Nov. 29 came in at 18.9 million tonnes, according to Canadian Grain Commission (CGC) data. That’s up by nearly five […] Read more


Crop stocks forecasts mostly unchanged in AAFC supply/demand report

Corn carryout revised upward

MarketsFarm — Updated crop supply/demand tables from Agriculture and Agri-Food Canada, released Friday, included only minor changes from the previous month. Larger adjustments are expected after Statistics Canada releases its final production numbers for the year on Dec. 3. Canola and all-wheat ending stocks for the 2020-21 marketing year were both left unchanged at 2.25 […] Read more

ADM beats profit estimates but revenue disappoints

Reuters — Global grains trader Archer Daniels Midland beat Wall Street estimates for quarterly profits on Thursday, helped by strength in its grain milling and nutrition businesses. Still, revenue missed analysts’ expectations and net earnings attributable to the company were 44 per cent lower than a year earlier. Shares were down nearly three per cent […] Read more



Canada’s wheat ending stocks projections raised

MarketsFarm — Canadian wheat ending stocks for the current 2020-21 marketing year are forecast to be larger than earlier expectations, according updated supply/demand estimates Thursday from Agriculture and Agri-Food Canada. All-wheat ending stocks for 2020-21 are now forecast at 6.3 million tonnes, which compares with the September estimate of 5.9 million. The total wheat carryout […] Read more



ICE weekly outlook: ‘Demand-pull’ environment supports canola

MarketsFarm — ICE Futures canola contracts moved higher during the week ended Wednesday, moving back toward the contract highs hit in September. Canola is pushing upside chart limits and modest corrections are likely going forward, but the fundamentals remain supportive and “the trend is up until further notice,” said analyst Mike Jubinville of MarketsFarm Pro. […] Read more