GFM Network News

Alta. farmers near ready for seeding

Minimal seeding has occurred to date in Alberta, but the return of warm and drier conditions should see seeding operations fully underway in about a week’s time, according to a provincial crop specialist. “Some seeding has occurred in the extreme southern areas of the province so far, but I would say those operations are still

Prairie canola crush margins improve

Crush margins for processors in Western Canada have once again improved, which is helping to maintain high demand for the commodity at local processors. “Based on my calculations, crush margins for canola basis the July contract have improved significantly over the past month to around the $40 per tonne area,” said Bill Craddock, a southern

Loonie forecast to hold its own against U.S. greenback

The loonie will likely continue to weaken against the U.S. dollar, but should stay close to parity in medium to longer term, says ScotiaBank’s chief currency strategist. “The path of least resistance for the Canadian dollar in the near term is weaker,” said Camilla Sutton. However, lower global growth along with the less hawkish stance

Late spring fuels uncertainty in StatsCan acreage ideas

Industry participants are certain we’ll see uncertainty in Statistics Canada’s first seeding intentions survey for the spring of 2013, given the late winter thaw, possibilities of flooding in some regions and resulting delays in planting crops. StatsCan’s planting intentions survey, conducted the week of March 25 to April 3 and due out Wednesday, included 13,805

Unexpected stocks of U.S. soybeans pressure canola

Canola values on the ICE Futures Canada trading platform moved lower during the week ended April 5, with declines a function of chart-related speculative liquidation orders as well as the downward price action experienced in the CBOT (Chicago Board of Trade) soybean complex. The continued declines seen in Malaysian palm oil and European rapeseed futures