GFM Network News


ICE weekly outlook: Canola sideways, waiting for news

MarketsFarm — ICE Futures canola contracts moved lower during the week ended Wednesday, but remain stuck in a sideways trading range overall waiting for some fresh market-moving news. “April is usually the quietest month of the year for us,” said Ken Ball of PI Financial in Winnipeg. In addition to large world oilseed supplies overhanging […] Read more

Canola fund short position edges down, but still large

MarketsFarm — The large speculative short position in ICE Futures canola contracts only saw a minor adjustment during the week ended Tuesday, with only a small reduction in the net reportable position, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators […] Read more


Feed weekly outlook: Barley bids soften as attention turns to new crop

MarketsFarm — Feed barley bids in the key cattle feeding area of southern Alberta are coming under some pressure, as attention begins to turn to the new crop. “Demand is dropping off here a little bit,” said Allen Pirness of Market Place Commodities in Lethbridge. Feedlots have extended coverage through the spring and into the […] Read more

USDA lowers Canadian canola export forecast

MarketsFarm — The slowing pace of Canadian canola exports, linked to the country’s trade dispute with China, saw the U.S. Department of Agriculture lower its forecast for Canadian canola exports in the current 2018-19 marketing year. In its latest Oilseeds: World Markets and Trade report, USDA’s Foreign Agricultural Service said actual Canadian exports could end […] Read more


Funds still holding large net short position in canola

MarketsFarm — The large short fund position in ICE canola futures held relatively steady during the week ended Tuesday, with only a small reduction in the net reportable position, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). According to the latest report, managed money and other […] Read more

ICE weekly outlook: Canola bearish with or without China

MarketsFarm — ICE Futures canola contracts saw a modest correction off of major support over the week ended Wednesday, but the longer-term trend remains pointed lower with large old-crop supplies and uncertain export prospects overhanging the market. Canadian canola exports to China are effectively non-existent right now, with the absence of that major customer casting […] Read more


Canola fund short position continues to grow

MarketsFarm — Fund traders remained on the short side in the ICE Futures canola market during the week ended Tuesday, adding to their large net short position, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). According to the latest report, managed money and other reportable speculators […] Read more

Feed weekly outlook: Spring weather may swing Prairie feed markets

MarketsFarm — Weather conditions have the potential to swing feed grain markets in Western Canada over the next few weeks, although prices generally remain steady for the time being. “Spring is here, and as the snow melts it creates mud, road bans and all that lovely stuff,” said Brandon Motz of CorNine Commodities in Lacombe, […] Read more


Swine fever in China poses risks, rewards for Canadian pork

MarketsFarm — Sharp losses in China’s hog herd due to African swine fever (ASF) are underpinning the North American pork market and could create export opportunities for Canada — if this country manages to stay disease-free. ASF does not affect humans, but the highly viral disease is nearly 100 per cent fatal for hogs with […] Read more

Fund short position climbs in canola

MarketsFarm — Fund traders were active in the ICE Futures canola market during the week ended Tuesday, adding to their large net short position, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). According to the latest report, managed money and other reportable speculators increased their net […] Read more