GFM Network News


(Dave Bedard photo)

Slight adjustments in AAFC’s April supply/demand report

MarketsFarm — Updated supply and demand estimates from Agriculture and Agri-Food Canada, released Tuesday, included only minor adjustments to balance sheets for most major crops. Statistics Canada releases its first survey-based acreage estimates for the upcoming growing season on Tuesday next week (April 27), which should lead to adjustments in subsequent supply/demand projections. Canola ending

Loading grain on a vessel at a Burrard Inlet terminal. (Maxvis/iStock/Getty Images)

Grain, oilseed exports at strong pace

MarketsFarm — Canadian grain and oilseed exports continue at a strong pace, with movement of canola, wheat and barley all running well ahead of the year-ago pace. Crop-year-to-date exports of Canada’s major grains and oilseeds as of Sunday came in at 37.78 million tonnes, according to Canadian Grain Commission (CGC) data. That’s up by roughly


Much of the Prairie region is heading into seeding experiencing varying levels of drought, which may be a factor guiding new-crop values in coming months.

Old-crop canola trends upward through volatility

Traders’ attention is now focused on the new crop – and its potential limitations

A ‘casino,’ a ‘craps table’ or just plain ‘crazy’ were some of the words traders and analysts used to try to explain activity in the ICE Futures canola market during the first full week of April. Futures saw some wild price swings on an hour-by-hour basis during the week ended April 9, but the general

ICE July 2021 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, dark yellow and green lines). (Barchart)

ICE weekly outlook: For canola, the only certainty is volatility

"The market has to feel comfortable there’s a crop on the way"

MarketsFarm — After starting this week with losses, canola bounced back with back-to-back gains, raising prices by more than $20 per tonne for old-crop after falling back $4-$5 on Monday. Errol Anderson, an analyst with ProMarket Communications in Calgary, emphasized there will be a good amount of volatility in the markets, with wide swings possible

Photo: iStock

Editor’s Take: Playing the canola game

Two years ago, when China severely curtailed imports of Canadian canola by suspending the licences of Canada’s two largest grain companies, most saw a disaster about to unfold. The ginned-up claim was around the quality of Canadian canola seed, specifically pests like weed seeds and plant diseases such as blackleg. The Canadian Food Inspection Agency,


Canola moved upwards in lockstep with soy futures after a surprising planting projections survey.

Up limit spike points to more acres needed

A key USDA report shocked the market and resulted in prices moving upward

Shock and awe rocked the markets on March 31 after the United States Department of Agriculture (USDA) issued its prospective plantings report. The first survey-based projections for 2021 caught the markets largely off guard that Wednesday, which sent prices to their daily limit in several commodities. That not only included the soy complex and corn

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

ICE weekly outlook: Canola fundamentals still strong in volatile market

MarketsFarm — ICE Futures canola contracts moved higher during the week ended Wednesday, with the largest gains in the old-crop months amid ongoing concerns over tight supplies. Day-to-day activity could remain volatile at times, but underlying fundamentals should remain supportive heading into the 2021 growing season, according to an analyst. While canola futures have traded

A canola field near Pincher Creek, Alta. (Laughingmango/E+/Getty Images)

Japan increases demand for canola

MarketsFarm — Japan has continued to generate an increased demand for canola, according to Daisuke Sasatani, the U.S. Department of Agriculture’s (USDA) attaché in Tokyo. Sasatani said approximately 98 per cent of Japan’s canola imports are from Canada, while Australia supplies the remainder. The attaché estimated Japan’s canola imports in 2020-21 are to rise by


Crops like soybeans, corn and oats are all showing good margins and will compete with canola for acres in Manitoba.

Canola looks pretty profitable, but so do a lot of other crops

Examining Manitoba's break-even yield risk ratio

Before you think we’ll see canola seeded from fence post to fence post this year, it’s good to look at some numbers. And while canola gets a lot of news coverage because of its futures market, the good news this year is that most other crops are showing high prices as well. However, while these