GFM Network News


File photo of wheat being loaded onto a bulk vessel at port in Russia. (YGrek/iStock/Getty Images)

Russia’s agriculture ministry pauses grain harvesting data

Moscow | Reuters — Russia’s agriculture ministry has paused its daily publication of grain harvesting data while it refines the reporting format used by the country’s growing regions, the ministry said Wednesday. Russia is the world’s largest wheat exporter, supplying it mainly to Africa and the Middle East. It competes with the European Union and […] Read more



(Medioimages/Photodisc/Getty Images)

CBOT weekly outlook: Tight old-crop supplies keep soy, corn strong

MarketsFarm — Soybean and corn futures at the Chicago Board of Trade posted solid gains during the week ended Wednesday, with the widening inverted spread between old-crop contracts and new-crop months a feature. “Commercials are buying any dips they can,” Sean Lusk of Walsh Trading said of the market. With the nearby months trading at […] Read more

Forecast probability of precipitation above, below and near normal for the period from February through April 2021, based on three equiprobable categories from 1981-2010 climatology. Map produced Jan. 31, 2021. (Map: Environment and Climate Change Canada)

Long-range forecast points to cool, wet spring for northern Prairies

MarketsFarm — Central and northern agricultural regions of Saskatchewan and Alberta are forecast to see cooler-than-normal temperatures with above-average precipitation over the next three months, according the latest long-range outlook from Environment Canada. The department’s latest seasonal weather maps, dated Sunday, show a 40-50 per cent chance of above-normal precipitation across most of the northern […] Read more



Bulk wheat being loaded on a ship in a Russian port. (YGrek/iStock/Getty Images)

Global grain production to increase, IGC predicts

MarketsFarm — The International Grains Council (IGC) issued projections Thursday calling for a slight increase in total global grain production for the current marketing year and for 2020-21. The U.K.-based council forecast world production at 2.175 billion tonnes, which would be an increase of three million tonnes from its February report. The IGC said that’s […] Read more


Spring runoff flows through a control structure on the Assiniboine River near Portage la Prairie, Man. in 2014. (MarketsFarm photo by Glen Hallick)

Chances of flooding in Manitoba depend on weather

MarketsFarm — Manitoba has issued its spring thaw forecast of 2020 — with high water levels coming for the Red River. That’s due to significant soil moisture levels left over from the fall and above-normal snow levels in the river’s U.S. watershed. “Our focus is currently on the Red River, where we are expecting a […] Read more

File photo of a storm cloud from the southwestern end of Lake Winnipeg at Matlock, Man. (IanChrisGraham/iStock/Getty Images Plus)

Average Prairie heat, more rain in summer forecast

MarketsFarm — Canada’s Prairies should see higher-than-normal precipitation and generally average temperatures during the 2020 growing season, according to a forecast from Scott Kehler of Weatherlogics. Speaking Thursday at CropConnect in Winnipeg, Kehler said “there’s not really a strong pattern one way or the other” when it comes to the temperature outlook. The Weatherlogics forecast […] Read more


A freight train at Manchac, La., about 75 km east of Baton Rouge. (CN.ca)

CN strike to weigh on railway’s 2019 profit

Reuters — Canadian National Railway on Tuesday cut its adjusted profit growth target for 2019, citing shipment delays from the country’s largest rail strike in a decade that ended last week. Shares in CN, which counts billionaire Bill Gates’ investment firm as its biggest shareholder, fell almost two per cent in morning trading in both […] Read more