GFM Network News


Feed weekly outlook: Prices gain strength

MarketsFarm — Harvest activity in the western Canadian Prairies had depressed feed grain prices at the end of August, but prices have recovered slightly. “There’s been a bit of a break in harvest activity,” Allen Pirness of Market Place Commodities in Lethbridge said. Producers in southern Alberta had been harvesting barley at the end of

Feed weekly outlook: Grain prices soften into fall

MarketsFarm — Old-crop feed grain prices are converging with new-crop and coming under some seasonal pressure. “As we get closer to new crop, we’ve been seeing the switch to new-crop prices from old-crop,” said Erin Harakal, a senior trader with Agfinity in Lethbridge. Feed barley prices are around $195-$200 per tonne delivered in the Lethbridge



Canola futures testing chart resistance

November canola briefly topped $480 Monday

MarketsFarm — Recent price activity in the ICE Futures canola market has been bullish from a technical standpoint, with the futures poised for a break higher if the rally can be sustained. After trading at a low of $468.10 per tonne in late June, the November canola contract rallied to briefly trade above the psychological




Feed weekly outlook: Cheaper corn to temper rising barley bids

Lack of farmer selling a factor in bids

MarketsFarm — Rising feed barley prices in Western Canada may be nearing their upper limit, as end users look to add more cheaper corn to their rations. “The higher that barley and wheat get, the more attractive corn gets,” said Mike Fleischhauer of Eagle Commodities in Lethbridge. “If barley and wheat go any higher, we’ll

Prairie cash wheat: Bids mixed

MarketsFarm — Wheat bids in Western Canada were mixed during the week ended Friday, with some gains observed in Canada Western Red Spring (CWRS) wheat, and a mixed tone for Canada Prairie Spring Red (CPSR). Durum (CWAD) saw small losses. Average CWRS (13.5 per cent protein) wheat prices were steady to up by $4 per


Pulse weekly outlook: Chickpea acreage expected lower

MarketsFarm — High global prices in the 2017-18 marketing year caused a global spike in chickpea production in 2018. It’s since taken a while for consumers to “chew through supplies,” which has put pressure on prices, according to Chuck Penner of LeftField Commodities. In a kabuli chickpea global outlook webinar hosted by the Global Pulse

Federal carbon tax rises despite opposition, pandemic

Ottawa not backing away from scheduled increases

Ottawa — The federal government has pushed ahead with an increase to the carbon tax despite continued calls from the agriculture sector for reprieve from the program. The price on carbon rose from $20 per tonne to $30 per tonne effective April 1. The federal Liberal government is standing firm on its commitment to increase