GFM Network News


North American Grain/Oilseed Review: Profit-taking weighs on canola

Reading Time: 2 minutes By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 26 (MarketsFarm) – The ICE Futures canola market was weaker on Monday, as overbought price sentiment had investors covering long positions and booking profits. Chart-based selling was a feature, with ample supplies in the commercial pipeline added to the softer tone. However, gains in Chicgo Board of Trade soyoil […] Read more

ICE canola turns lower at midday

Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 26 (MarketsFarm) – The ICE Futures canola market was posting losses in the most active contracts at midday Monday, seeing some consolidation just below their recently-hit multi-year highs. Chart-based selling was a feature, amid ideas canola was looking overbought from a technical standpoint. Losses in Chicago Board of Trade […] Read more


ICE canola futures: Prices mixed Monday morning

Reading Time: < 1 minute By Marlo Glass, MarketsFarm WINNIPEG, Oct. 26 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were on either side of unchanged on Monday morning. Harvest activity has wrapped up ahead of schedule across the Canadian Prairies, with 99 per cent of Alberta’s crops in the bin. The canola crop is 98 per cent harvested province-wide. […] Read more

Canadian Dollar and Business Outlook: Loonie below 76 cents

Drop in crude prices, stronger US$

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Oct. 26 (MarketsFarm) – The Canadian dollar was lower Monday morning, falling below 76 U.S. cents due to weaker crude oil prices and a stronger United States dollar. As of 8:35 CDT, the Canadian dollar was at US$0.7591 or C$1.3175, compared to Friday’s close of US$0.7610 or C$1.3140. The U.S. Dollar Index […] Read more


North American Grain and Oilseed Review: Canola turns around to end higher

CBOT session ends on a high note

Reading Time: 2 minutes By Glen Hallick, MarketsFarm WINNIPEG, Oct. 23 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Friday after starting the session with losses. Support came from gains in Chicago soyoil and Malaysian palm oil. Lower European rapeseed weighed on values. Canola contracts have remained near or at highs not experienced for several years. […] Read more

ICE Canola Midday: Profit taking pulls down prices

November contract set to expire

Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, Oct. 23 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to lower on Friday due to profit taking. “We saw pretty good gains this week,” said a Winnipeg-based trader, noting the liquidation of the November contract continues. “There’s been a good effort to clean that up,” he added. […] Read more


ICE canola down, backing away from highs

Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 23 (MarketsFarm) – The ICE Futures canola market was weaker Friday morning, as investors continued to book profits after prices hit multi-year highs earlier in the week. A softer tone in Chicago Board of Trade soybeans and soyoil accounted for some spillover selling pressure in canola. Early strength in […] Read more

North American Grain and Oilseed Review: Canola rebalances after ‘strange little rally’

Wheat retreats as soybeans, corn inch up

Reading Time: 2 minutes By Glen Hallick, MarketsFarm WINNIPEG, Oct. 22 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to lower on Thursday as the market rebalances after getting too far ahead of the Chicago soy complex. A trader put canola about $26 per tonne ahead of Chicago. He said canola demonstration rare independent strength in what […] Read more


ICE Canola Midday: Too far ahead of soy, canola rally peters out

Canola up C$22 on soy complex

Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, Oct. 22 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were largely flat on Thursday after showing a fair bit of independent strength recently, according to a Winnipeg-based trader. “It’s rebalancing. The [Chicago] soy market is strong and canola is going nowhere. It was overdone in that rally,” the trader […] Read more

ICE canola corrects off of multi-year highs

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Oct. 22 (MarketsFarm) – The ICE Futures canola market was mostly lower Thursday morning, seeing a chart-based correction after climbing to new multi-year highs. The most active January contract hit a fresh high of C$552 per tonne, but has since retreated below unchanged. Ideas that the market was starting to look overbought […] Read more