GFM Network News

Sales Volumes Rise On Dry Conditions

Ne a r l y all cattle auction marts in Manitoba were back in business during the week ended Sept. 2, and many saw their largest volumes in quite some time. A total of 712 animals were sold at the Gladstone Auction Mart at its Aug. 30 sale, its second auction since returning from the

Low flax supply doesn’t mean price increase

The latest production estimates in flax are lower than originally projected, but that doesn’t mean the market will see a large increase in value. In its Aug. 24 report, Statistics Canada said there were 365,000 tonnes of flax grown in Canada in 2011 — lower than trade estimates which ranged from 445,000 to 531,000 tonnes.

Feed barley expecting harvest pressure

With harvest operations getting ready to being across the Prairies, the price of feed barley has seen a decline of late, and more losses are expected to occur in the next six weeks to two months. Errol Anderson, president of Pro Market Communications in Calgary, said bids are currently bringing around $200 per tonne, but

ICE Futures Canada not worried about MGEX plans

The Minneapolis Grain Exchange (MGEX) has announced it will drop the U.S. origin stipulation for wheat delivered against its Hard Red Spring wheat (HRSW) futures contract by May 2013 — which could take business away from the planned spring wheat futures contract on the ICE Futures Canada platform. However, Brad Vannan, president of ICE Futures

Canola crush margins rising

Canola crush margins in Canada have steadily increased over the past week, thanks to ongoing demand from domestic processors, as well as a sharp decline in the Canadian dollar. Canola crush margins for the November/October 2011 contract are bringing $97.54 per tonne, $8.90 per tonne higher than just a week ago, according to ICE Futures

Faltering Dollar Seen Supporting Near-Term Prices

Cattle prices at Manitoba auction marts we re mostly stable during the week ended Aug. 8, but according to one market analyst, the week may be the low point for the summer months. Anne Dunford, general manager of Gateway Livestock at Taber, Alta., said volumes across not only Manitoba, but all of Western Canada, were

Flax bids weaken on lower demand

Flax prices in Western Canada have declined over the past month — and given the uncertainty of the global economic situation, that trend may continue into the winter months. Elevator deliveries for flax were bringing as much $13.91 per bushel in Alberta, $13.39 per bushel in Saskatchewan and $13.40 per bushel in Manitoba, according to

Chickpeas see gains on global concerns

Poor crops being grown in Australia and Turkey have led to a significant increase in the value of chickpeas in Western Canada. Omer Al-Katib, director of corporate affairs and investor relations with Alliance Grain Traders in Regina, said the two nations have had separate problems this year, which have led to a jump in the