GFM Network News

Online series covers Hot Topics in Commodities 

Prices and production information are the focus of the Hot Topics in Commodities series hosted by The Western Producer, Manitoba Co-operator, Grainews and Farmtario this winter. The free sessions each feature a look at market demand and fundamentals provided by MarketsFarm analysts as well as a presentation on a current production issue. Opportunities to earn

Farmers Edge CEO Wade Barnes says the company’s agriculture roots make it a better fit for the agriculture sector than Silicon Valley companies that are jumping in now.

The great disruptor

Wade Barnes is straddling the digital/agriculture divide — and reimagining agronomy

Wade Barnes says he knows what the agronomy of tomorrow looks like. It’s a proactive system that uses data to model crop development, helping farmers make decisions every step of the way. The power of data analytics will fuel every step, from what variety to plant based on soil moisture, disease and pest pressure and

Feds predict three per cent increase in canola acres

Stocks nevertheless expected to tighten

MarketsFarm — Canadian farmers will seed more canola in the upcoming 2021-22 crop year, but solid demand will still cause ending stocks to tighten, according to the first new-crop supply/demand projections from Agriculture and Agri-Food Canada (AAFC), released Monday. The department forecast seeded canola area in the spring of 2021 at 21.37 million acres, up

Editorial: Maintaining independent agricultural extension is key

The Manitoba government’s announcement that it will close agricultural offices and consolidate services this spring is a significant shift, but one that reflects a modern reality. As of April 1, public-facing services will be delivered out of 10 regional service centres instead of 21 and they will be staffed by provincial Agriculture Department representatives, crop

Speculation that USDA could further drop ending stocks in February’s WASDE fuelled another round of increases in commodity futures.

U.S. WASDE points to lower ending stocks, lifts futures

The March contract set a new high based on USDA’s report

Within days before the U.S. Department of Agriculture (USDA) issued its latest supply-and-demand report, there was speculation of further reductions to ending stocks for soybeans, corn and wheat. Such bullish news would see U.S. prices rise and spill over into canola. On Jan. 12 USDA released its world agriculture supply-and-demand estimates (WASDE), which slashed soybean ending stocks

Funds’ net long position edges lower in canola

Net long increased in MGEX and K.C. wheats

MarketsFarm — Funds’ large net long position in canola narrowed slightly during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed-money fund traders as of Tuesday were holding a net long position in ICE Futures canola of 51,614 contracts, down by about

Canada consulting at home toward Indonesia trade deal

Possibility of broader Southeast Asian pact also looms

Continuing to seek out free trade deals in the Asia-Pacific region, Canada has launched public consultations on the merits of a potential bilateral pact with Indonesia. “Deepening trade ties with Indonesia would benefit Canadian businesses of all sizes and lead to economic growth and prosperity for years to come,” International Trade Minister Mary Ng said

Concerns over world soybean stocks, driven partly by concern for growing conditions in South America, are lending even more support to canola values.

Canola values’ climb likely to continue

Crush margins are around the widest levels seen in the past year

ICE Futures canola continued its months-long rally during the first week of 2021, hitting fresh contract highs to trade at levels not seen in more than seven years. While a profit-taking correction is always possible, the trend appears intact for the time being. The most active March contract had faced some resistance at the psychological $650-per-tonne mark during