GFM Network News


North American Grain and Oilseed Review: Higher loonie curbs canola purchasing

Reading Time: 2 minutes By Glen Hallick, MarketsFarm WINNIPEG, Jan. 20 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished steady to lower Monday, spurred on by the rise in the Canadian dollar. By mid-afternoon Monday, the loonie climbed to 76.64 U.S. cents, compared to Friday’s close of 76.56. The stronger dollar made canola less attractive to importers. However, […] Read more

ICE canola midday: Buying nudges up prices

Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, Jan. 20 (MarketsFarm) – ICE Futures canola contracts were slightly higher at midday Monday as there could increases in the Chicago soy complex on Tuesday, according to a Winnipeg-based trader. “The odds are we’re going to get a firmer start tonight following the buying on Friday. Therefore, traders want to […] Read more


ICE canola starts the week higher

Reading Time: < 1 minute By Marlo Glass, MarketsFarm WINNIPEG, Jan. 20 (MarketsFarm) – The ICE Futures canola market was slightly higher to start the week, taking direction from a stronger tone for Malaysian palm oil and European rapeseed. United States markets are closed for Martin Luther King Jr. Day, so there is no activity on the Chicago Board of […] Read more

North American Grain/Oilseed Review: Canola up in pre-weekend trade

Reading Time: 2 minutes By Phil Franz-Warkentin, MarketsFarm Winnipeg, Jan. 17 (MarketsFarm) – ICE Futures canola contracts were stronger on Friday, taking back much of the losses posted earlier in the week amid ideas those declines were overdone. A turn higher in Chicago Board of Trade soyoil and soybeans provided underlying support. A weaker tone in the Canadian dollar […] Read more


Canola higher at midday Friday

Canola higher at midday Friday

Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 17 (MarketsFarm) – ICE Futures canola contracts were posting solid gains at midday Friday, seeing a continued recovery after the losses posted earlier in the week. A turn higher in Chicago Board of Trade soyoil provided underlying support for canola, while a weaker tone in the Canadian dollar contributed […] Read more

ICE canola futures: Prices find strength in lack of selling

Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, Jan. 17 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were steady to higher Friday morning, a slowdown in fund and farmer selling as well as the recent frigid weather has helped to underpin bids. Although the technical bias for canola has been to the downside, it’s holding above support […] Read more


North American Grain/Oilseed Review: Canola steadies after recent drop

Reading Time: 2 minutes By Phil Franz-Warkentin, MarketsFarm Winnipeg, Jan. 16 (MarketsFarm) – ICE Futures canola contracts held steady on Thursday, seeing some consolidation after recent declines. After falling by roughly C$10 per tonne over the past week, canola was due for a correction and some bargain-hunting likely came forward to provide support. A lack of farmer selling contributed […] Read more

Canola lacking direction at midday Thursday

Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 16 (MarketsFarm) – ICE Futures canola contracts were bouncing around both sides of unchanged in choppy activity on Thursday, seeing some consolidation after dropping sharply the previous session. While Chicago Board of Trade soybeans and soyoil remained pointed lower, canola found some independent support on ideas that it was […] Read more


ICE canola futures: No traction from phase one trade deal

Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, Jan. 16 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were steady to lower Thursday morning, as European rapeseed, Malaysian palm oil and Chicago soyoil prices continue their downward trend. The commodity markets didn’t get any traction from yesterday’s signing of the United States/China phase one trade agreement. Most prices […] Read more

North American Grain/Oilseed Review: Canola drops with beans following trade deal

Reading Time: 2 minutes By Phil Franz-Warkentin, MarketsFarm Winnipeg, Jan. 15 (MarketsFarm) – ICE Futures canola contracts were down sharply on Wednesday, as declines in Chicago Board of Trade soybeans and soyoil weighed on prices. China and the United States signed phase one of their trade deal in Washington on Wednesday. China agreed to buy more U.S. agricultural commodities, […] Read more