GFM Network News


ICE Canola Midday: Prices stronger midday Friday

By Marlo Glass, MarketsFarm WINNIPEG, Nov. 26 (MarketsFarm) – ICE Futures canola contracts were stronger at midday Friday, bouncing back after yesterday’s losses. United States markets reopened overnight but will close early today. Chicago soyoil was up considerably in early trade, which gave canola prices a boost. Nearby contracts were up by over six tenths […] Read more

ICE Canada Morning Comment: Canola bounces back

Support from higher soyoil, rapeseed

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 27 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Friday morning, getting support from edible oils. Chicago soyoil was up as the United States markets reopened following the Thanksgiving holiday. However, the markets will close early today at 12:05 pm. European rapeseed was also higher, but […] Read more


Canadian Financial Close: Loonie stays firm as crude prices slip

OPEC+ alliance showing cracks

By MarketsFarm WINNIPEG, Nov. 26 (MarketsFarm) – The Canadian dollar was steady on Thursday, as the rally in global benchmark crude oil lost steam. The dollar finished at US$0.7685 or US$=C$1.3013 compared to Wednesday’s close of US$0.7691 or US$1=C$1.3003. Markets in the United States were closed for the Thanksgiving holiday. Benchmark crude oil prices were […] Read more

ICE Canada Morning Comment: Little direction for canola

IGC cuts ending stocks

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 26 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were narrowly mixed on Thursday morning in light trading volume due to the Thanksgiving holiday in the United States. With the U.S. markets closed for the day, canola wasn’t getting direction from the Chicago soy complex. Lower European rapeseed and […] Read more


North American Grain & Oilseed Review

By Marlo Glass, MarketsFarm WINNIPEG, Nov. 25 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts closed slightly higher on Wednesday, regaining some of the losses incurred in yesterday’s trade. Positioning ahead of the United States Thanksgiving holiday was a feature in trade, as market activity is expected to be quiet for the rest of the […] Read more

ICE Canola Midday: Prices mixed midday Wednesday

By Marlo Glass, MarketsFarm WINNIPEG, Nov. 25 (MarketsFarm) – ICE Futures canola contracts were weaker at midday Wednesday, amid light trade activity and positioning ahead of the United States Thanksgiving holiday. Chicago soyoil contracts were stronger in early trade, which gave canola prices a boost. Nearby contracts were up by about half a cent in […] Read more


Global Markets: U.S. manufacturing posts gains

By MarketsFarm WINNIPEG, Nov. 25 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. United States manufactured goods posted gains of 1.3 per cent in October, according to new data from the U.S. Commerce Department. Orders for durable goods also showed gains of 2.1 per cent in September. […] Read more

ICE Canada Morning Comment: Canola mixed ahead of U.S. Thanksgiving

Rising loonie weighs on values

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 25 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were either side of steady on Wednesday morning, a trading becomes choppy ahead of tomorrow’s Thanksgiving holiday in the United States. Support was coming from gains in the Chicago soyoil, Malaysian palm oil and European rapeseed. Increases in global crude […] Read more


North American Grain & Oilseed Review

By Marlo Glass, MarketsFarm WINNIPEG, Nov. 24 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts closed lower on Tuesday, backing off of multi-year highs. One Winnipeg-based trader said chart consolidation was contributing to canola’s weakness, along with profit-taking ahead of the United States Thanksgiving holiday. Recent data from Statistics Canada showed canola crush activity broke […] Read more

ICE Canola Midday: Prices lower midday Tuesday

By Marlo Glass, MarketsFarm WINNIPEG, Nov. 24 (MarketsFarm) – ICE Futures canola contracts were weaker at midday Tuesday, due to profit-taking ahead of the United States Thanksgiving long weekend. “The U.S. Thanksgiving is notorious for some profit-taking leaking into the market,” remarked one Winnipeg-based trader, noting that canola values were due for a pullback. Chicago […] Read more