GFM Network News

Large Prairie stocks expected in StatsCan report

CNS Canada — With Statistics Canada scheduled to release its stocks report as of Dec. 31 on Tuesday (Feb. 4), most analysts believe the combination of record-large production in Western Canada, and logistical issues transporting that grain, will lead to a very large carryover number for most crops. “Carryout will likely continue to see record

Prairie flax acreage could rise 20 per cent this year

CNS Canada –– The positive sentiment toward planting flax seems to be growing across the Prairies, according to the president of the Flax Council of Canada, who adds there’s likely to be a big acreage increase this year. “From what I heard at CropSphere in Saskatoon, it sounds like people are thinking that pricing of

New-crop mustard contracts extremely varied

CNS Canada — With January nearing an end, Canadian new-crop contracts are slowly starting to hit the market — and Walter Dyck, mustard buyer with Wisconsin-based Olds Products, said contracted mustard prices have varied greatly in value. Prairie Ag Hotwire’s Friday report has delivered-to-elevator 2014-15 bids for yellow mustard pegged at 32 to 34 cents

Competition in Lethbridge’s feed market drives prices lower

Competition for Lethbridge’s marketplace is heating up, as feed wheat and barley are nearly priced identically, leading to further declines in both markets. “It seems like they are both trading in the mid-C$150 (per tonne) range,” said Allen Pirness, senior trader at MarketPlace Commodities in Lethbridge. According to the Alberta Canola Producers Commission, feed barley

Canaryseed acreage could increase in 2014

Western Canadian canaryseed prices continue to slowly trend lower to start the New Year, but new-crop contracts, if priced in the current spot price range, may spur an acreage increase in 2014. Canada’s 2013/14 canaryseed acreage was the lowest in recorded history, according to Statistics Canada, who pegged area at 200,000 acres. The previous low