GFM Network News


Fund traders still bearish on canola

MarketsFarm — The managed money net short position in canola grew to nearly 50,000 contracts in the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in Tuesday at 48,777 contracts (3,932 long/52,709 short), an increase of about 10,000

A field in the Interlake, May 23. Some fields in Manitoba are in need of rain while others have been so wet they've sunk equipment up to the axles in mud.

A tale of two springs

This spring has created a sharp divide with some producers wrapping up, while others have been stuck

Growers would greet a rainfall very differently right now, depending on where they are in the province. For producers in the southeast and the eastern stretches of central Manitoba, rain is probably a welcome sight with crops in the ground and little precipitation so far this spring. Others, who have watched equipment sink down to


Despite low rates, farm interest costs ballooned in 2019

Farm income may have been up in 2019, but expenses kept pace, according to government figures. Both cash receipts and operating expenses after rebates for Canadian farmers were up six per cent to $66 billion and $53 billion, respectively, according to Statistics Canada. One of the biggest increases in expenses was interest, up almost $600

Traders’ optimism for canola is short lived

Hopes of Chinese demand for U.S. soybeans have also faded as tensions mount

Things were looking rather good for canola during the first part of the week of May 25 — then prices dropped almost immediately on May 27 after a ruling was announced on the extradition of Meng Wanzhou. Canola, as it so often does, had been riding the coattails of soyoil on the Chicago Board of

High winds, recent frost hurts crop development

Manitoba Crop Report and Crop Weather report for June 2

Southwest Region Some scattered showers in the southwest region last week. St. Lazare and Russell received 4 to 7mm respectively. Crops need some good moisture in some areas of the region, as soil surface is quickly drying with very windy conditions. Temperatures were variable throughout the week. Daytime highs were normal; while nighttime lows dropped


One might suspect the wilted sunflower seeding on the right was damaged by frost May 30, but Anastasia Kubinec, Manitoba Agriculture and Resource Development's (MARD) manager of crop industry development, says a cutworm was the culprit. She says farmers should be checking their fields for more than frost damage right now.

Frost was mostly light, but check your fields for other crop stressors right now

Flea beetles and cutworms are on the rise, while packed soils and dry hot winds are other things to watch for

[UPDATED: June 2, 2020] Potential frost damage might be the least of the many crop stressors Manitoba farmers see as they scout their fields the next several days. “Frost is just one of the factors we’re looking for right now,” Anastasia Kubinec, Manitoba Agriculture and Resource Development’s (MARD) Manager of Crop Industry Development, said in

A lot of unharvested canola and wheat acres stayed behind on Manitoba fields over the winter due to poor harvest weather last fall, but what remained this spring may not be all that bad.

Most unharvested canola still has value: MASC

The quality of much of Manitoba’s overwintered wheat was worse than expected

Most of the unharvested, insured crop in Manitoba fields is still worth harvesting, according to the Manitoba Agricultural Services Corporation (MASC). “We feel we’ve addressed the (insured) fields that everybody agrees aren’t worth combining,” David Van Deynze, MASC’s vice-president of innovation and product support said in an interview May 21. There are anecdotal reports of farmers frustrated with MASC for

Canola supplies in commercial pipeline tighten

MarketsFarm — Canola supplies in the commercial pipeline fell below a million tonnes for the first time in more than seven months, according to the latest Canadian Grain Commission data, amid solid exports and a slowdown in farmer deliveries. Total visible canola supplies of 815,200 tonnes, as of May 24, were down 24 per cent



Plant protein processor backed for expansion

Lenders arrange up to $85 million for Merit Functional Foods

The money has been lined up to fund a major expansion for a Winnipeg pea and canola protein processing plant that’s still being built. Merit Functional Foods Corp. announced May 4 it has secured a debt financing package of up to $85 million from “a syndicate of lenders” including Export Development Canada, Farm Credit Canada