GFM Network News


Huawei Technologies CFO Meng Wanzhou leaves her home to attend a court hearing in Vancouver on Sept. 24, 2021. (Photo: Reuters/Jesse Winter)

Huawei executive, U.S. reach deal to dismiss charges

Meng Wanzhou would be allowed to leave Canada

Updated, Sept. 24 — Reuters — Huawei chief financial officer Meng Wanzhou has reached an agreement with U.S. prosecutors to end the bank fraud case against her, U.S. prosecutors said on Friday, a move that should allow her to leave Canada and relieve a point of tension between China and the United States. Meng was

Canola remains rangebound for now

Canola remains rangebound for now

A production update from StatsCan spurs a brief rally in canola

After Statistics Canada issued its updated crop production report on Sept. 13, canola on ICE Futures took a bit of an upswing. Such was a given, as the federal agency dropped its estimate for 2021-22 canola production, from the 14.7 million tonnes it predicted in its Aug. 30 report down to 12.8 million. Unlike the reaction



File photo of emerging durum south of Griffin, Sask. on May 31, 2019. (Leeann Minogue photo)

BASF warns on seeding choices for drought-hit imi-treated fields

Steer clear of non-Clearfield canola, durum, canary seed in rotations, company says

Updated, Sept. 22 — The maker of Odyssey, Solo and Viper is warning grain growers whose fields were excessively dry in 2021 that those herbicides may not break down soon enough in those soils to allow certain seeding choices in 2022. BASF Canada on Monday issued an “urgent notice to growers” in which the company

A freighter is loaded with grain from a terminal at Vancouver’s Burrard Inlet. (Maxvis/iStock/Getty Images)

Grain exports running well behind year-ago pace

Prices, low stocks keep lid on demand

MarketsFarm — Canadian grain exports are running well behind the year-ago pace through the first few weeks of the 2021-22 marketing year, as smaller supplies and high prices limit offshore demand. Total exports of all of the major grains, oilseeds and pulses as of Sept. 12 of 3.162 million tonnes are down by about 2.1


Consensus in the grain trade suggests StatsCan’s latest estimate predicting a 14.7-million-tonne canola crop this year will turn out to be generous in hindsight.

Canola demand rationing already underway

ICE November canola has dipped to around the $850-per-tonne mark for now

ICE Futures canola contracts fell sharply lower during the week ended Sept. 10, hitting their weakest levels in a month as speculative profit-taking weighed on the market. From a chart standpoint, November canola fell below both its 20- and 50-day moving averages during the week, which was bearish from a technical standpoint. However, it found some support around

ICE November 2021 canola (candlesticks) with Bollinger bands (20,2). (Barchart)

ICE weekly outlook: Canola remains rangebound

Trade predicts even smaller production

MarketsFarm — At least for the foreseeable future, ICE Futures canola is likely to remain rangebound, according to analyst David Derwin of PI Financial in Winnipeg. The November canola contract has support at $850 per tonne and when it bumps up to around $900 it’s quickly pulled back, he said. “Sideways is not very exciting,

A soybean crop at Headingley, Man. on Sept. 2, 2021. StatsCan’s latest estimates project drought-hit Manitoba’s soybean production to drop by 22.2 per cent from 2021, while Canada’s soybean harvest overall is expected down 7.4 per cent on the year. (Dave Bedard photo)

Prairie crops downgraded in latest StatsCan estimates

Corn, soybean crops upsized from previous report

MarketsFarm — Drought conditions across Canada’s Prairies cut into yields throughout the region in 2021, with production of most of the major crops downgraded by Statistics Canada in updated crop estimates released Tuesday. Using satellite imagery, the government agency now sees total canola production for the 2021-22 crop year at 12.78 million tonnes, which compares



Canola mostly pulls back after StatsCan estimates

Canola mostly pulls back after StatsCan estimates

FUTURES | Canola also remains subject to the Chicago soy complex’s complexities

Any hopes of canola getting a bounce on ICE Futures from Statistics Canada’s production report on Aug. 30 were largely dashed. The Canadian oilseed, for the most part, remained lower in the aftermath of the long-awaited report. The pattern repeated itself for a few days; for most of a session canola was pulled down by