GFM Network News


Minneapolis (MGEX) December 2021 wheat (candlesticks) with Bollinger bands (20,2). (Barchart)

Prairie cash wheat: CWRS bids up with U.S. futures

However, a strong loonie applies pressure

MarketsFarm — Minneapolis spring wheat futures climbed to contract highs during the week ended Thursday, which provided spillover support for Canadian cash bids. However, strength in the Canadian dollar was a bearish influence, tempering the upside in the cash market. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by […] Read more

(Andreus/iStock/Getty Images)

Hay-starved Prairies fertile ground for online scammers

At least $64,000 lost in Alberta alone, RCMP says

High demand, scarce supplies and rising prices for hay and other feeds due to this summer’s drought on the Prairies have made a market for online scammers, RCMP warn. The urgency driving such transactions may cause ranchers, farmers and farm workers to make purchases “without taking time to properly verify or research production sources,” Alberta […] Read more



(Thinkstock photo)

Prairie cash wheat: Bids rise with U.S. futures

MarketsFarm — Cash wheat bids across Western Canada moved higher during the week ended Thursday in sympathy with U.S. futures markets. The strength came despite a firmer tone in the Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $11.40-$14.90 per tonne, according to price quotes from […] Read more


(Photo courtesy Canada Beef Inc.)

Klassen: Feeder market continues consolidation

U.S. corn northbound into Prairies

Compared to last week, western Canadian yearling prices were relatively unchanged while calf markets were down $2-$3 on average. Feedlot inventories in Alberta and Saskatchewan are 30 per cent above the five-year average; therefore, demand is lacking moving into the main marketing period for calves. Finishing feedlots have sufficient ownership and being fairly finicky on […] Read more

(Thinkstock photo)

Prairie cash wheat: Bids mixed as harvest comes to close

U.S. December wheat futures up on week

MarketsFarm — The spring wheat harvest coming to a close in the Prairie provinces and cuts in production estimates south of the border have caused mixed bids in Western Canada for the week ended Thursday. All three Prairie provinces have either completed or have nearly completed spring wheat combining, bringing harvest pressure to prices. Meanwhile, […] Read more



File photo of a G3 primary elevator. (G3.ca)

G3 planning two more Prairie elevators

Northeastern Saskatchewan, Peace sites in works

Grain handler G3 has added a pair of new grain elevators — one in Alberta’s Peace region, the other in northeastern Saskatchewan — to its drawing board. The Winnipeg-based company announced Monday it will build new facilities at Rycroft, Alta. and Melfort, Sask., with construction starting later this year on both toward completion in early […] Read more


Screenshot from an Alberta Agriculture video profiling Innisfail-based pulse and grain handler W.A. Grain and Pulse Solutions. (Alberta Agriculture and Forestry via YouTube)

Buyers found for five Prairie pulse plants

Approvals sought for W.A. Grain asset sales

Three separate buyers are poised to take up the Prairie assets of ill-fated W.A. Grain and Pulse Solutions, pending an Alberta judge’s approval. An application went Thursday for approval before Justice Corina Dario of Alberta Court of Queen’s Bench in Calgary, from BDO Canada, the receiver for the Alberta-based grain and pulse handler and processor. […] Read more

(Thinkstock photo)

Prairie cash wheat: Gains in prices vary by type

MGEX, CBOT December wheats up on week

MarketsFarm — Bids in Western Canada for the week ended Thursday were higher for Canada Western Amber Durum (CWAD), Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats. Gains in most of the U.S. wheat markets led to the increases, which were tempered somewhat by a stronger Canadian dollar. Average CWRS (13.5 […] Read more