GFM Network News


Prairie cash wheat: Loonie, U.S. prices trigger steep declines

U.S. wheat futures well down on week

MarketsFarm — Wheat bids in Western Canada were significantly lower for the week ended Thursday. Those includes double-digit losses for Canada Western Red Spring (CWRS) wheat and Canada Prairie Spring Red (CPSR). Losses in Canada Western Amber Durum (CWAD) were relatively smaller. Pressure came from sharp losses in U.S. markets and equally sharp gains in

Prairie cash wheat: Bids broadly lower

MarketsFarm — Wheat bids in Western Canada were broadly lower during the week ended Thursday, with double-digit losses observed in Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats. Canada Western Amber Durum (CWAD) had moderate declines. Average CWRS (13.5 per cent protein) wheat prices were down $7-$11 per tonne, according to


Producer deliveries spike in June

MarketsFarm — Grain deliveries in Canada increased 48.5 per cent from May to June, according to Statistics Canada in a report released today. The report, Producer Deliveries of Major Grains, showed more than 5.16 million tonnes of all grains were delivered by producers in June, compared to the approximately 3.54 million tonnes in May. It’s

Prairie cash wheat: Bids mixed

MGEX, K.C. wheats down on week

MarketsFarm — Spring wheat bids in Western Canada were mixed during the week ended Thursday, as the Minneapolis futures bounced around within a 15-cent per bushel range. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $3 to up by $2 per tonne, according to price quotes from a

Solid grain exports continue through Thunder Bay

June's handle includes record-large CP grain train

MarketsFarm — Grain shipments through the Port of Thunder Bay continue to run at a strong pace, with season-to-date volumes of 3.2 million tonnes, up 35 per cent from the five-year average, according to an update from the port. A total of 866,066 tonnes of grain were shipped through the port, located on the northern


Attention turns to yield potential after StatsCan report

Future tweaks to acreage numbers seen as unlikely to sway markets

MarketsFarm — Updated acreage estimates from Statistics Canada came largely within market expectations, with the focus now shifting to growing conditions and yield potential. The survey was completed in early June “and may not have captured all of the seeding delays and potential shifts that may have happened in central/northern Alberta and northwestern Saskatchewan because

StatsCan survey shows bump up in wheat acres, particularly durum

Farmers back off canola, soybeans; pandemic expected to cause other problems for ag

Ottawa | Reuters — Canadian farmers planted slightly more wheat overall in 2020 than in 2019, but the coronavirus outbreak will pose “unique challenges” in the production and distribution of crops, Statistics Canada said on Monday. Farmers planted 25 million acres of wheat, up 1.5 per cent from 2019, thanks in part to a 16.2




Legalization lifts Canada’s net farm income in 2019

Livestock receipts up, unsmokeable crop receipts lower

A significant year-over-year increase Canada booked last year in realized net farm income rests mainly on 2019’s status as the country’s first full year in the recreational cannabis market. Statistics Canada on Tuesday released full-year data on farm income, pegging Canada’s realized net farm income for 2019 at $4.9 billion — a 10.4 per cent