GFM Network News


North American Grain and Oilseed Review: Most active canola months steady to lower

CBOT soybeans, corn drop back, wheat rises

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 15 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were mixed on Friday, with declines in the most active months and increases in the more deferred months. There were sharp losses in Chicago soyoil, along with lower values for Malaysian palm oil and European rapeseed. A trader said that […] Read more

ICE Canola Midday: Weaker soy complex pulling down prices

But canola still more expensive

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 15 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to lower at midday Friday, as the Chicago soy complex was down. In particular, soyoil fell by more than a penny per pound. Additionally, there were declines in Malaysian palm oil and European rapeseed. A Winnipeg-based trader stated […] Read more


ICE canola backs off nearby highs ahead of weekend

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 15 (MarketsFarm) – The ICE Futures canola market was steady to lower Friday morning in choppy trade, seeing some consolidation just below its nearby highs as investors squared positions ahead of the weekend. Losses in Chicago Board of Trade soybeans and soyoil accounted for some spillover selling pressure. Overbought […] Read more

North American Grain and Oilseed Review: Canola finishes day on higher note

CBOT soy complex makes another jump

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 14 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Thursday, on a turnaround from earlier losses. Those were followed by gains that hit new contract highs, before prices settling off of those levels There was support from strong gains in the Chicago soy complex, especially soyoil. […] Read more


ICE Canola Midday: Prices making gains

Support from wheat as well as CBOT soyoil

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 14 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were mostly higher at midday Thursday, recovering from losses earlier in the session. Support was coming from gains in soyoil on the Chicago Board of Trade. Meanwhile declines in European rapeseed and Malaysian palm oil weighed on values. However, it’s […] Read more

ICE canola correcting lower early Thursday

WINNIPEG–The ICE Futures canola market was mostly weaker Thursday morning, with speculative profit-taking the feature as values backed away from multi-year highs. However, the new crop November contract posted small gains, as the spreads saw some readjustment. Declines in Chicago Board of Trade soyoil and a firm tone in the Canadian dollar contributed to the […] Read more



ICE Canola Midday: Prices generally pushing higher

Farmers should keep eyes on basis levels

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 13 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to higher at midday Wednesday, in what has been a choppy day in the markets. A Winnipeg-based analyst commented the increases in canola were a continuation of the upward trend the oilseed has been experiencing. The analyst suggested […] Read more


ICE canola mixed in choppy early trade

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 13 (MarketsFarm) – The ICE Futures canola market was bouncing around both sides of unchanged Wednesday morning in choppy activity after hitting fresh contract highs overnight. The most active front months were lower in early activity, while the new crop contracts held onto gains as the spreads saw some […] Read more

North American Grain and Oilseed Review: USDA report sends prices skyrocketing

Soybean, corn, wheat ending stocks lower

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 12 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola prices hit new contract highs on Tuesday, due to spillover from sharp gains in the United States markets. The U.S. Department of Agriculture’s latest supply and demand report cut ending stocks for soybeans, corn and wheat, which had a bullish effect […] Read more