GFM Network News



ICE weekly outlook: Canola breaks out of week-long funk

MarketsFarm — It’s unclear yet what effect Thursday’s satellite field crop estimates from Statistics Canada will have on markets. Canola broke out of a six-day funk Wednesday, trending just slightly higher for the first time since Wednesday last week. Technical biases remain to the downside, as prices hover around contract lows. “There are a lot […] Read more


Clubroot able to beat resistant canola reaches Manitoba

A strain of clubroot able to club the roots of some resistant canola varieties has made its way east to Manitoba. Manitoba’s agriculture department reported Friday that clubroot pathotype 3A — a strain that can “overcome some first-generation sources of genetic resistance” in commercial canola — has been positively identified in the south-central rural municipality […] Read more




Industry groups hail appointment of new China envoy

Ottawa | Reuters — Canada has appointed veteran business consultant Dominic Barton as ambassador to China, Prime Minister Justin Trudeau said on Wednesday, as the government grapples with a major diplomatic and trade dispute between the nations. Barton, 56, a Ugandan-born Canadian who stepped down as global managing partner of consulting firm McKinsey and Co. […] Read more





ICE weekly outlook: Rangebound canola looks for bounce

MarketsFarm — ICE Futures canola contracts moved lower during the week ended Wednesday but remain rangebound overall, as market participants continued to await a clearer picture on the size of the 2019 crop. “The overall grain and oilseed complex still feels heavily weighted, but I’m hoping for at least a short-term bounce,” said Mike Jubinville […] Read more

Bearish bets decline in canola

MarketsFarm — While speculators were increasing bearish bets for Chicago soybeans and corn during the week ended Tuesday, canola traders were taking back some of their large net short positions. According to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC), the net managed money short position in canola […] Read more