GFM Network News

Grain growers are up against an added layer of uncertainty as they get ready for spring seeding and, in some cases, to complete last fall’s harvest.

Currency weakness supportive for Canadian-grown commodities

Wheat futures drew some strength from demand for shelf-stable goods

It’s a fluid situation’ was the phrase of the week as the COVID-19 coronavirus pandemic infected everything it touched. The grains and oilseeds were not immune to the large swings seen in the global financial markets, but did manage to hold up reasonably well, all things considered. Social isolation, quarantines, travel restrictions and general worldwide

A delivery worker checks his mobile phone on an electric bike filled with vegetables on a street in Wuhan in China’s Hubei province on Feb. 28.

Commodities not immune to risk-off mentality

Coronavirus fears drag grains, oilseeds, equities and energy markets lower

A sharp drop in global equity and energy markets during the last week of February did not spare agricultural commodities, with ICE Futures canola falling to fresh contract lows and Chicago grains and oilseeds also under pressure. Fears over the COVID-19 coronavirus were heightened during the week, as more cases were confirmed outside of China

Good movement, steady prices at livestock auctions

Futures are recovering from coronavirus reaction

There was good movement through Manitoba’s cattle auction yards during the second week of February, with prices relatively steady for most classes of cattle. “The light cattle are still very strong,” said Allan Munroe, of the Killarney Auction Mart. However, “the big ones took a hit with the drop in the futures a few weeks

Consumers stock up at a Singapore supermarket on Feb. 7, 2020 after the state raised its coronavirus outbreak alert to orange.

Risk-off trade sentiment outweighing market fundamentals

Crops still out on the fields cast clouds over StatsCan’s latest data

The novel coronavirus epidemic accounted for many of the headlines moving the grain and oilseed markets during the first week of February, with traders uncertain over what the outbreak will do to the global economy and demand for food. China is a major driver of international markets, and an economic slowdown there will cause ripple effects elsewhere. Equity,

Chicago cattle futures pull some bids lower

Manitoba buyers are very sensitive on cattle weights at the moment

Activity was mixed at Manitoba’s cattle auction yards during the week ended Jan. 23, with Ag Days in Brandon likely limiting some of the action on the western side of the province as producers took in the show. Numbers in the west were expected to pick up the following week, while steady trade was anticipated

Virus concerns add more uncertainty to cattle market

MarketsFarm — Cattle futures in Chicago dropped hard over the past few days, as mounting concerns over the new coronavirus in China triggered a broad-based selloff in global equities and commodities. While the virus adds an extra layer of uncertainty to the North American cattle market, expectations for solid beef demand should remain supportive for

AAFC forecasts more wheat, less canola seeded in spring

MarketsFarm — Canada’s farmers will seed more wheat and less canola in the 2020 growing season, according to the first supply/demand estimates for the 2020-21 marketing year, released Thursday by Agriculture and Agri-Food Canada. Total seeded wheat area is forecast to rise to 25.77 million acres, from 25.02 million the previous year. Production is forecast