GFM Network News


ICE canola up with soyoil at midday

Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 8 (MarketsFarm) – The ICE Futures canola market was stronger at midday Monday, as a rally in Chicago Board of Trade soyoil and ongoing concerns over tight Canadian canola supplies provided support. Adverse weather in South America accounted for some of the strength in soybeans that spilled into the […] Read more

ICE Canada Morning Comment: ICE Canada Morning Comment: Tight supplies, USDA report pushing up canola prices

Gains in comparable edible oils

Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, March 8 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Monday morning. Declining supplies have continued to underpin prices as commercials attempted to secure as much of the remaining canola in farmers’ bins as possible. Earlier in the session the May contract reached C$800 per tonne before […] Read more


North American Grain and Oilseed Review: Canola finishes week higher

Double digit gains for CBOT soybeans, corn

Reading Time: 2 minutes By Glen Hallick, MarketsFarm WINNIPEG, March 5 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Friday, benefitting from a sharp spike in Chicago soyoil. A trader noted that the reduced increases in canola, compared to Thursday’s gains, could have been a sign of profit-taking ahead of the weekend. Tight canola supplies remained supportive […] Read more

ICE Canola Midday: Profit-taking looms as prices move higher

Canola's climb is slowing

Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, March 5 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher at midday Friday, on commercial buying and support from Chicago soyoil, according to a Winnipeg-based trader. However, he cautioned that could change during the remainder of today’s session. “It is Friday, I wouldn’t be surprised for one second to […] Read more


ICE canola up again Friday morning

Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 5 (MarketsFarm) – The ICE Futures canola market was stronger Friday morning, amid ongoing concerns over tight old crop supplies and the need to ration demand. Weekly grain handling statistics from the Canadian Grain Commission showed that 240,000 tonnes of canola were exported during the week ended Feb. 28. […] Read more

North American Grain and Oilseed Review: Old crop canola ‘extraordinarily expensive’

U.S. markets a mixed bag

Reading Time: 2 minutes By Glen Hallick, MarketsFarm WINNIPEG, March 4 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures hit new highs on Thursday, but those gains lost about half of their strength when the session ended. At one point the May contract was up its daily limit of C$30 at C$797.30 per tonne, before easing back. Tight old crop […] Read more


ICE Canola Midday: Tight supplies driving up prices

Old crop canola extraordinarily expensive

Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, March 4 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were stronger at midday Thursday, with contracts hitting new highs. The May contract topped off at C$797.30 per tonne before easing back from its daily limit. The impetus for the spike is due to tight supplies of old crop, said a […] Read more

ICE canola hits new highs Thursday morning

Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 4 (MarketsFarm) – The ICE Futures canola market was up sharply Thursday morning, posting new record highs in many months. A rally in Chicago Board of Trade soyoil and a move to fresh contract highs in European rapeseed futures contributed early spillover support to canola. The need to ration […] Read more


Canadian Dollar and Business Outlook: Loonie firm as greenback rises

U.S. dollar peaks over 91 points on Index

Reading Time: < 1 minute Compiled by Glen Hallick, MarketsFarm WINNIPEG, March 4 (MarketsFarm) – The Canadian dollar was relatively steady Thursday morning, as the United States dollar was higher. As of 8:38 CST, the Canadian dollar was at US$0.7922 or C$1.2624, compared to Wednesday’s close of US$0.7917 or C$1.2631. On the U.S. Dollar Index the greenback rose 0.213 at […] Read more

North American Grain and Oilseed Review: Canola adds another round of gains

Long liquidation pulls prices down in U.S. markets

Reading Time: 2 minutes By Glen Hallick, MarketsFarm WINNIPEG, March 3 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts stronger on Wednesday, building on yesterday’s gains in an independent show of strength. Reduced supplies have continued to underpin canola values. A Calgary-based analyst said the edible oils markets are quite volatile, which can lead to wide swings of prices […] Read more