GFM Network News

(Thinkstock photo)

More downside possible for canola

Commodity News Service Canada — ICE Futures Canada canola contracts moved sharply lower during the week ended July 29, and more downside is possible for the market in coming weeks. “I think we’re going into a period where we’re going to make some pre-harvest lows here,” said Jerry Klassen, manager of the Canadian office for

CWB pegs canola production at 12.18 mln tonnes

Commodity news Service Canada — CWB is estimating the Canadian canola crop will produce 12.18 million tonnes in 2015/16 (Aug/Jul), according to a supply and demand table released via the Market Research Services Twitter account on Wednesday. The projection is below a previous estimate from the company of 12.60 to 13.00 million tonnes, which was

Central Alberta receives weekend rainfall

Up to two inches in some areas will help fill crops

Commodity News Service Canada — Many regions of central Alberta saw some beneficial rainfall going into the weekend, which provided some relief to dry fields and aided crops as they head into the filling stage. “What it’s basically going to do is help fill the crops. In some places they had up to two inches of rain