GFM Network News


ICE November 2021 canola (candlesticks) with 20-, 50- and 100-day moving averages (light yellow, dark yellow, dark green lines). (Barchart)

ICE weekly outlook: Challenging crop year ahead for canola

MarketsFarm — With declines in canola following Statistics Canada’s bullish-leaning projections for acres, it’s becoming more difficult to determine which way prices will trend in coming weeks and months. “Where are prices going to go? In any given year that’s challenging, especially in this year,” said David Derwin, analyst for PI Financial in Winnipeg. “That […] Read more




(Dave Bedard photo)

Flax area seen expanding on strongest prices ever

MarketsFarm — To MarketsFarm Pro analyst Mike Jubinville, there’s no doubt that flaxseed acres in Canada will increase in 2021. In Agriculture and Agri-Food Canada’s (AAFC) March supply and demand estimates, the department projected flax acres to jump 22 per cent in 2021-22 at about 1.14 million, up from nearly 931,600 seeded in the previous […] Read more



(Photo courtesy Canada Beef Inc.)

Klassen: Feeder cattle demand surges

Cow-calf producers already thinking spring

Compared to last week, western Canadian yearlings sold $3-$5 higher while calves traded $6 to as much as $10 higher. The return of moderate temperatures enhanced buying enthusiasm across the Prairies. Strength in deferred live cattle futures appeared to offset strong feed grain values. Yearling prices were rather soft through January and the first half […] Read more


(WPohlDesign/iStock/Getty Images)

Klassen: Cold weather slows feeder cattle market activity

Compared to last week, western Canadian feeder cattle prices were relatively unchanged. Extreme temperatures blanketed Western Canada last week. Many auction barns cancelled sales or had limited numbers on offer. Buyers attended sales either in person or via the internet, which was supportive to the overall price structure. Many backgrounders and cow-calf producers delayed sales […] Read more




“He who lives by the crystal ball will eat shattered glass”

Neither seer skill nor mathematical acuity are very important for market success

The quip in my column title was authored by Ray Dalio, a highly successful hedge fund manager, founder of Bridgewater Associates and successful author. I am writing near the end of a tumultuous year for a publication date early in what will hopefully become a year when life and the markets return to some level […] Read more