GFM Network News


North American Grain and Oilseed Review: Canola regains most of Monday’s losses

CBOT soy complex bounces back

By Glen Hallick, MarketsFarm WINNIPEG, July 14 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Tuesday, recouping nearly all of yesterday’s losses. There was support from the Chicago soy complex, as well as Malaysian palm oil. European rapeseed was largely steady. By mid-afternoon the Canadian dollar was lower at 73.45 U.S. cents, […] Read more

ICE Canola Midday: A turnaround Tuesday for prices

Product values bounce back

By Glen Hallick, MarketsFarm WINNIPEG, July 14 (MarketsFarm) – ICE Futures canola contracts were getting a bounce on Tuesday after losses the previous day as product values improved. “Everything was working against [canola] yesterday, but it managed to hold. The product values were down $8 or $9, the dollar was up, the oil was down […] Read more


North American Grain and Oilseed Review: Canola stumbles to start the week

Good weather weakens CBOT prices

By Glen Hallick, MarketsFarm WINNIPEG, July 13 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were weaker on Monday, due to declines in the Chicago soy complex. There were also losses in European rapeseed, but small gains for Malaysian palm oil. Rain over much of the Prairies on the weekend helped to alleviate dry conditions […] Read more

ICE Canola Midday: Soy complex, Prairie rain weaken prices

Man. to get storm system this afternoon

By Glen Hallick, MarketsFarm WINNIPEG, July 13 (MarketsFarm) – ICE Futures canola contracts were lower at midday Monday largely due to weakness in the Chicago soy complex, according to a Winnipeg-based trader. Chicago Board of Trade soybeans were in double-digit losses, with soyoil down about a quarter of a cent and soymeal incurring sharp losses. […] Read more



ICE canola mostly higher ahead of USDA report

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 10 (MarketsFarm) – The ICE Futures canola market was mostly stronger at midday Friday, hitting fresh three-month highs in the November contract as bullish technical signals underpinned the market and speculators continued to cover short positions. The November contract closed above the 200-day moving average on Thursday, and remained […] Read more


ICE Canada Morning Comment: Canola searching for direction

CGC says deliveries, exports, usage down

By Glen Hallick, MarketsFarm WINNIPEG, July 10 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were either side of steady on Friday morning, searching for direction. The Chicago soy complex was gaining strength, while European rapeseed and Malaysian palm oil were down. The Canadian dollar was slightly lower at 73.63 U.S. cents, compared to Thursday’s […] Read more



ICE canola up with soybeans at midday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 9 (MarketsFarm) – The ICE Futures canola market was stronger at midday Thursday, retesting chart resistance as uncertain North American weather forecasts provided support. “Traders are cautious because the weather maps are shifting every time a new map is released,” said a trader, noting that the latest calls for […] Read more

ICE Canada Morning Comment: Canola prices pushing higher

Stronger loonie putting lid on gains

By Glen Hallick, MarketsFarm WINNIPEG, July 9 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were steady to higher on Thursday morning amid light volumes of trading. There was support coming from the Chicago soy complex, as well as Malaysian palm oil and European rapeseed. However, a slightly stronger Canadian dollar was tempering those gains. […] Read more