GFM Network News



ICE weekly outlook: Oversold canola still fundamentally bearish

ICE canola futures are starting to look oversold after falling contract lows during the week ended Wednesday. While a short-term technical correction is possible, the underlying fundamentals remain bearish. “Canola might be a little bit short-term oversold,” said Ken Ball of PI Financial in Winnipeg. Signs that exports were perking up could also be supportive, […] Read more


Feed weekly outlook: Markets steady amid cold Alberta weather

Excessively cold temperatures in Alberta may be causing headaches for both feed grain buyers and sellers, but prices remain relatively steady for what’s moving. The cold weather hasn’t really led to a significant increase in demand, but “it’s definitely made the farmer grumpy,” said Brandon Motz of CorNine Commodities in Lacombe, Alta. “In general, the […] Read more

ICE weekly outlook: Canola grinding lower

ICE Futures canola contracts held relatively steady during the week ended Wednesday, with a softer tone in old-crop contracts and strength in new-crop months. The general trend is likely pointed lower in the near future, with any developments in trade talks between the U.S. and China likely to provide some direction. “The market is awaiting […] Read more


ICE weekly outlook: Farmers advised to price some new crop

ICE Futures canola contracts held within a narrow trading range during the week ended Wednesday, as participants await fresh market-moving news. While the sideways trading range could persist in the near term, an analyst said new-crop futures were at decent levels and encouraged farmers to do some forward pricing. The November canola contract settled Wednesday […] Read more



CBOT weekly outlook: Soy, corn follow trade talks closely

Talks between the U.S. and China taking place in Washington this week are being followed closely by Chicago Board of Trade soybean and corn traders, with optimism over improving relations between the two countries helping prop up the futures. “The U.S./China talks will be on the top of all traders’ minds,” said Terry Reilly, of […] Read more

Pulse weekly outlook: Chickpea area to drop back to ‘normal’

Canadian chickpea acres are expected to return to more normal levels in 2019, after a sizeable jump in 2018. However, while prices are off the highs that drove 2018 seeding intentions, they still could have some room to the upside over the next few months. After seeding 442,900 acres of chickpeas in 2018, Canadian farmers […] Read more



Feed weekly outlook: Tight supplies, good demand support barley

Solid demand, both domestically and internationally, coupled with tightening world supplies is keeping barley bids well supported in Western Canada and should lead to increased acres this spring. “The price of feed barley is staying historically high,” said Brian Otto, chair of the Barley Council of Canada, noting feed barley at Lethbridge was currently trading […] Read more