GFM Network News


Feed weekly outlook: Feedlots booking for winter underpin bids

MarketsFarm — Feed grain prices have been strong following Western Canada’s harvest, as feedlots ensure they’re covered heading into the winter. “Last week there was some buying in the deferred months, from January onward,” Allen Pirness of Market Place Commodities at Lacombe, Alta. said. Pirness said the strong prices were unexpected, noting that when prices



ICE weekly outlook: Canola firm at midweek

MarketsFarm — ICE Futures canola contracts have steadied after slipping slightly following Canada’s Thanksgiving long weekend, with nearby attention on speculations rolling positions out of the front month. The nearby November contract closed Wednesday at $526.10 per tonne, gaining slightly after incurring losses the day prior. Market participants adjusting positions ahead of the November contract’s


ICE weekly outlook: ‘Demand-pull’ environment supports canola

MarketsFarm — ICE Futures canola contracts moved higher during the week ended Wednesday, moving back toward the contract highs hit in September. Canola is pushing upside chart limits and modest corrections are likely going forward, but the fundamentals remain supportive and “the trend is up until further notice,” said analyst Mike Jubinville of MarketsFarm Pro.



Navigating through the COVID-19 black swan

Average and below-average business managers are the most at risk during the pandemic

Black swan” is a metaphor to describe an unpredictable, widespread but exceptionally rare event that takes everyone by surprise. It’s a term often used in agriculture to describe unique events like the dust bowl of the 1930s when drought ravaged the agricultural industry in North America. Without question, the COVID-19 pandemic qualifies as one of



Cattle prices strong heading into autumn

Fed cattle prices remain slightly depressed

Feeder cattle prices have recovered to levels seen this time last year, due largely to strong demand for cattle coming off the grass. “Last week, we were steady to five cents per pound higher when compared to last year,” said Brian Perillat, senior analyst at Canfax in Calgary. “Calf and feeder markets are doing well,