GFM Network News


North American Grain and Oilseed Review: Phase One provides some support for canola

Reading Time: 2 minutes By Glen Hallick, MarketsFarm WINNIPEG, Dec. 13 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished higher on Friday, getting limited support from the Chicago soy complex. While the United States/China Phase One trade deal provided a measure of support prices at to the Chicago Board of Trade, it was difficult to sustain a rally, […] Read more

ICE canola midday: Trade deal euphoria fizzles out

Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, Dec. 13 (MarketsFarm) – ICE Futures canola contracts were steady to higher at midday Friday, as the announcement of a trade deal between the United States and China failed to rally the markets as expected, according to a Winnipeg-based trader. Although China acknowledged it has an agreement in principle with […] Read more


Canadian Dollar and Business Outlook: Loonie steady as world awaits trade deal confirmation

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Dec. 13 (MarketsFarm) – The Canadian dollar was steady Friday morning getting support from increased crude oil prices. As of 8:38 CST, the Canadian dollar was at US$0.7588 or C$1.3179. That compares to Thursday’s North American close of US$0.7586 or C$1.3182. Crude oil prices were higher Friday morning, on news the United […] Read more

Global Markets: Boris Johnson wins large majority in UK election

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Dec. 13 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Boris Johnson’s Conservatives won a large parliamentary majority in Thursday’s United Kingdom election, taking 364 of the 650 seats. The Conservative win paves the way for a quick exit from the European Union. […] Read more


North American Grain and Oilseed Review: Big jump in soyoil boosts canola bids

Reading Time: 2 minutes By Glen Hallick, MarketsFarm WINNIPEG, Dec. 12 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished stronger on Thursday, with spillover from large gains in Chicago soyoil. At the Chicago Board of Trade, soyoil jumped by almost eight-tenths of a cent today. Bids were buoyed by good export sales and buzz that a United States/China […] Read more

ICE canola midday: Bids higher, but could be even stronger

Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, Dec. 12 (MarketsFarm) – ICE Futures canola contracts were higher at midday Thursday, getting support from the Chicago soy complex. In particular, soyoil was approaching highs not seen in the last seven to eight months, said a Winnipeg-based trader. Although canola was up, the trader noted an ongoing issue with […] Read more


ICE canola stronger on Thursday

Reading Time: < 1 minute By Marlo Glass, MarketsFarm WINNIPEG, Dec. 12 (MarketsFarm) – The ICE Futures canola market was stronger on Thursday morning, recovering slightly from losses incurred the day before. Gains in the canola market were tempered by a lower tone for soybeans on the Chicago Board of Trade. Soybeans were lower despite strong export demand. According to […] Read more

ICE canola stronger on Thursday

Reading Time: < 1 minute By Marlo Glass, MarketsFarm WINNIPEG, Dec. 12 (MarketsFarm) – The ICE Futures canola market was stronger on Thursday morning, recovering slightly from losses incurred the day before. Gains in the canola market were tempered by a lower tone for soybeans on the Chicago Board of Trade. Soybeans were lower despite strong export demand. According to […] Read more


North American Grain and Oilseed Review: Loonie, Chicago soy drive down canola prices

Reading Time: 2 minutes By Glen Hallick, MarketsFarm WINNIPEG, Dec. 11 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished weaker on Wednesday, due to a stronger Canadian dollar and declines in the Chicago soy complex. By mid-afternoon, the loonie rose to 75.92 U.S. cents compared to Tuesday’s close of 75.57. There were losses across the board today in […] Read more

ICE canola midday: Bids dropping, but still range-bound

Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, Dec. 11 (MarketsFarm) – ICE Futures canola contracts were lower at midday Wednesday, following declines in the Chicago soy complex and a small increase in the Canadian dollar, according to a Winnipeg-based analyst. Nevertheless, canola has continued to remain range-bound with bids shifting towards the low end, he commented. The […] Read more