Cereals & Production Tips

Canada/U.S. border signage in downtown Detroit. (RiverNorthPhotography/Getty Images)

USDA attache to Canada predicts larger wheat crop

By MarketsFarm Team, GFM Network News August 16, 2019

MarketsFarm — A new report from the Ottawa-based attache to the U.S. Department of Agriculture’s Foreign Agricultural Service (FAS) has raised its estimate of total wheat production in Canada for 2019. The report Thursday from attache Phil Hayes increases FAS’s estimate of wheat production in Canada for 2019 to 32.65 million tonnes, compared to last […] Read more

Crops, Markets, Spring Wheat

Cash wheat: Bids mixed, watching futures and currency

By GFM Network News August 16, 2019

MarketsFarm — Wheat bids in Western Canada were narrowly mixed during the week ended Thursday, with losses in U.S. futures countered by support from a softer Canadian dollar. The Canadian dollar was down by roughly a third of a cent relative to its U.S. counterpart, while the futures were all lower following bearish U.S. Department […] Read more

Crops, Weather, Winter Wheat

Winter wheat harvest varies by province

By GFM Network News August 15, 2019

MarketsFarm — Depending where a farmer is located, Canada’s winter wheat crop has varied this year. Ontario has long been the country’s powerhouse for winter wheat. Statistics Canada projected the province’s farmers to seed just over one million acres this year, nearly 75 per cent of Canada’s total winter wheat acres. However, Marty Vermey, senior […] Read more

(Gonzalo Calle Asprilla/iStock/Getty Images)

Crops, Markets, Reuters, Spring Wheat

U.S. CFTC says Kraft, Mondelez to pay $16M in wheat price manipulation case

By Reuters, GFM Network News August 15, 2019

Reuters — The U.S. Commodity Futures Trading Commission (CFTC) said on Thursday Kraft Heinz and Mondelez International will have to pay US$16 million in penalty regarding a wheat manipulation case that dates back to 2015. Kraft Heinz, which was Kraft Foods until 2015, and snack food firm Mondelez bought $90 million of December 2011 wheat […] Read more

Barley, Crops, Markets, Spring Wheat

Feed weekly outlook: No long-term shortage expected

By GFM Network News August 15, 2019

MarketsFarm — Waiting for the 2019 harvest to roll in is the only factor that could create a feed shortage, according to Brandon Motz of CorNine Commodities at Lacombe, Alta. “As far as things look today, I don’t see a reason to be concerned about a feed shortage. If anything we could have a feed […] Read more

A barley crop south of Ethelton, Sask. on July 30, 2019. (Dave Bedard photo)

Barley, Crops, Markets, Weather, Winter Wheat

Feed weekly outlook: Varying yields make for average crop

By GFM Network News August 9, 2019

MarketsFarm — Feed grain crop yields are expected to be about average across the Prairies as harvest has kicked off. “It appears we’ll have somewhat of an average crop, with a bunch of high-yield areas and a bunch of low yield areas averaged together,” said Jim Beusekom, president of Market Place Commodities in Lethbridge. New-crop […] Read more

Crops, Spring Wheat, Winter Wheat

Cash wheat: Prices stronger in varying degrees

By GFM Network News August 9, 2019

MarketsFarm — Wheat bids in Western Canada were generally up for the week ended Aug. 8, with gains in Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats in all locations. Durum (CWAD) was either side of steady, depending on location. The Canadian dollar was down by almost a quarter of a […] Read more

New crop barley bids are between C$225 and C$230 per tonne. Photo: File

Cereals, Markets

Feed weekly outlook: Barley prices soften before harvest

By GFM Network News August 2, 2019

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

“All of our customers in feedlot alley are all thinking the same thing – that ‘prices will go down.’” Photo: Thinkstock

Barley, Markets

Feed weekly outlook: Feed grain bids fall with rain

By GFM Network News July 26, 2019

MarketsFarm – Improving crop conditions have weighed on Western Canadian feed barley prices over the past month as attention turns from the tight old crop supply situation to the upcoming harvest. “Prices are dropping every day it rains,” said Mike Fleischhauer of Eagle Commodities in Lethbridge, Alta. He said barley prices have come off by […] Read more

Sixty-two crop scouts are on the 2019 crop tour, which will release its final yield forecasts in the coming days. Photo: Canstock

Cereals, Reuters, Spring Wheat

South central North Dakota wheat tour sees yields seen above average

By GFM Network News July 23, 2019

North Dakota | Reuters – Wheat yield potential in south central North Dakota is trending above average, with the crop benefiting from ideal weather following a wet spring that delayed planting, scouts on annual tour found on Tuesday. “This is really good wheat for out here,” said Dave Green, executive vice president of the Wheat […] Read more

U.S. livestock: Cattle, hogs rise

U.S. grains: Wheat falls on favorable weather in growing regions

ICE Weekly: Soyoil influencing canola prices

GFM Network News