GFM Network News


ICE Canola Midday: Rolling out of May, Chicago soyoil providing support

July, November contracts just below highs

By Glen Hallick, MarketsFarm WINNIPEG, April 16 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher at midday on Friday due the rolling out of the May contract. The July and November contracts were a little back from their highs today. A Winnipeg-based trader noted May is especially expensive at this time. He added that […] Read more

ICE canola up early Friday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 16 (MarketsFarm) – The ICE Futures canola market was stronger Friday morning, hitting fresh contract highs in many months. Gains in Chicago Board of Trade soyoil and soybeans provided some spillover support for canola, with the Canadian oilseed also underpinned by its own bullish fundamentals of tight old crop […] Read more


North American Grain and Oilseed Review: Moderate gains for canola

U.S. corn pulls back, as soybeans, wheat rise

By Glen Hallick, MarketsFarm WINNIPEG, April 15 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Thursday, gleaning support from gains in other edible oils. This marked the third day of the rally in canola. Chicago soyoil climbed two-thirds of cent per pound, European rapeseed saw strong increases in most of its active contracts, […] Read more

ICE canola turns mixed at midday Thursday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 15 (MarketsFarm) – The ICE Futures canola market was mixed at midday Thursday, with losses in the nearby May contract and a firmer tone in the other active months. The narrowing of the May/July spread was a feature, according to a trader, as investors booked profits on their long […] Read more


ICE canola backing away from highs

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 15 (MarketsFarm) – The ICE Futures canola market was weaker Thursday morning, as investors booked profits and prices backed away from their recently-hit highs. The Chicago Board of Trade soy complex was narrowly mixed in early activity, providing little direction for canola. Malaysian palm oil was firmer in overnight […] Read more

North American Grain and Oilseed Review: Canola remains on upward swing

CBOT: Fund money produces double-digit gains

By Glen Hallick, MarketsFarm WINNIPEG, April 14 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Wednesday, but finished off of their highs. Gains in the old crop months were stronger than those for the new crop positions. A Calgary-based analyst said a great deal of fund money has been coming in to the […] Read more


ICE Canola Midday: ‘Liquidity pouring into these markets’

Spillover support from Chicago soy complex

By Glen Hallick, MarketsFarm WINNIPEG, April 14 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were stronger at midday on Wednesday with gains in the old crop months much higher than the new crop positions. There was ample support coming from significant gains in the Chicago soy complex, as well as small to moderate increases in […] Read more

ICE canola continues higher Wednesday morning

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 14 (MarketsFarm) – The ICE Futures canola market was stronger Wednesday morning as the market saw some follow-through strength after Tuesday’s gains. Early strength in the Chicago Board of Trade soy complex contributed to the firmer tone in canola. Malaysian palm oil and European rapeseed futures were also higher […] Read more


Canadian Financial Close: C$ ends steady

By MarketsFarm WINNIPEG, April 13 (MarketsFarm) – The Canadian dollar was steady at Tuesday’s close, recovering from early weakness relative to its United States counterpart. The Canadian dollar closed at US$0.7966 or US$1=C$1.2554 on Tuesday, which was unchanged from Monday’s North American close US$0.7966 or US$1=C$1.2553. Air Canada reached a bailout deal with the federal […] Read more

North American Grain and Oilseed Review: Canola bounces back largely due to stronger Chicago soyoil

A ‘Turnaround Tuesday’ for U.S. markets

By Glen Hallick, MarketsFarm WINNIPEG, April 13 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Tuesday, due to gains in comparable edible oils, particularly Chicago soyoil. Tight supplies continued to underpin old crop values, which experienced the larger gains. Meanwhile, the dryness supported new crop prices. Speculation there might be more canola going […] Read more