GFM Network News


North American Grain and Oilseed Review: Consolidation the order of the day

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 14 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished lower on Friday, due to heavy spread activity and weaker vegetable oil prices. A Winnipeg-based trader said there will be issues down the road should blockades of rail traffic across the country continue. Since last week, the blockades have […] Read more

ICE canola midday: Prices down on weaker vegetable oils

ICE canola midday: Prices down on weaker vegetable oils By Glen Hallick, MarketsFarm WINNIPEG, Feb. 14 (MarketsFarm) – ICE Futures canola contracts were lower on Friday, as Chicago soyoil was flat while European rapeseed and Malaysian palm oil were down. A Winnipeg-based trader said the spreads have been very active this week as traders moved […] Read more


ICE canola slightly weaker on Friday

By Marlo Glass, MarketsFarm WINNIPEG, Feb. 14 (MarketsFarm) – The ICE Futures canola market was steady to mostly lower on Friday. Strength in soyoil on the Chicago Board of Trade was supportive of canola values. Canadian National Railway (CN Rail) has shut down large sections of railway networks across the country due to blockades in […] Read more

North American Grain and Oilseed Review: Canola loses direction

Soybeans up as corn, wheat are down

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 13 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished either side of steady on Thursday, lacking direction after bouncing back from losses earlier in the session. Declines in Chicago soyoil weighed on values, but gains in European rapeseed provided support. Canadian Indigenous Services Minister Marc Miller and British […] Read more


ICE canola midday: Bids choppy and jerky after recovery

Demonstrations disrupting economy

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 13 (MarketsFarm) – ICE Futures canola contracts were steady to lower on Thursday, after recovering from larger losses earlier in the session, but were now lacking direction. “It’s choppy and jerky. No one is pretty confident on either side of the market right now,” said a Winnipeg-based trader. He […] Read more

ICE canola weaker on Thursday

WINNIPEG, Feb. 13 (MarketsFarm) – The ICE Futures canola market was weaker on Thursday, taking back some gains made during yesterday’s trading session. Weakness in soyoil on the Chicago Board of Trade put pressure on canola values. European rapeseed and Malaysian palm oil were also on the defensive at the start of trade. The Canadian […] Read more


North American Grain and Oilseed Review: Canola gets a strong bounce

Gains in beans, corn , wheat

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 12 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished stronger on Wednesday, as there are few farmers selling at this time, according to an analyst. Also, canola benefitted from gains in Chicago soyoil and European rapeseed, but these were tempered by losses in Malaysian palm oil. A trader […] Read more

ICE canola midday: Prices getting support from the oils

Blockades not yet felt in markets

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 12 (MarketsFarm) – ICE Futures canola contracts were trading higher Wednesday, on gains in the Chicago soy complex and a jump in European rapeseed prices. “It’s the [edible] oils that took it up, but it’s come off a bit from earlier highs,” commented a Winnipeg-based trader about canola. He […] Read more


ICE canola stronger on Wednesday

By Marlo Glass, MarketsFarm WINNIPEG, Feb. 12 (MarketsFarm) – The ICE Futures canola market was higher on Wednesday, regaining some losses from earlier in the week. A stronger tone for soyoil on the Chicago Board of Trade was supportive of canola values. The soy complex was supported by the World Agriculture Supply Demand Estimates (WASDE) […] Read more

North American Grain and Oilseed Review: Canola slips after supply and demand report

Soybeans steady as corn, wheat decline

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 11 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished steady to lower on Tuesday, as the February supply and demand report from the United States Department of Agriculture (USDA) weighed on values. In the report, the USDA lowered its January estimate for the U.S. soybean carryover by nearly […] Read more