GFM Network News



Canola weakens at midday Friday

By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Feb. 22 (CNS Canada) – ICE Futures canola contracts were weaker at midday Friday, seeing a modest correction after Thursday’s late rally. Strength in the Canadian dollar and soft export demand contributed to the weakness in canola, according to a trader. “The whole board is just grinding […] Read more


ICE canola futures heading downward in morning trade

By Glen Hallick, Commodity News Service Canada WINNIPEG, Feb. 22 (CNS Canada) – ICE Futures canola contracts were weaker Friday morning, with the technical bias towards the downside. Canola futures for this morning lost about C$2 per tonne, with the May contract slipping to C$480.50 per tonne. Almost a month after the 35-day shutdown of […] Read more

North American Grain/Oilseed Review: Canola rises with soy complex

By Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, Feb. 21 (CNS Canada) – ICE Futures canola contracts were stronger on Thursday, as speculative short-covering and spillover from the advances in the Chicago Board of Trade soy complex provided support. Improving trade sentiment between the United States and China, underpinned the soy market and that buying […] Read more


Canola correcting higher at midday

By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Feb. 20 (CNS Canada) – ICE Futures canola contracts were stronger at midday Thursday, as gains in the Chicago Board of Trade helped trigger a corrective bounce in the Canadian oilseed. Improving trade sentiment between the United States and China, as the two countries were reportedly moving […] Read more

ICE canola futures up as traders covering short positions

By Glen Hallick, Commodity News Service Canada WINNIPEG, Feb. 21 (CNS Canada) – ICE Futures canola contracts were up Thursday morning as traders were looking to cover their short positions. This comes the day before the United States Department of Agriculture (USDA) releases its export report. Canola futures Thursday morning gained about C$3 to C$4 […] Read more


North American Grain/Oilseed Review: Canola continues lower, soybeans higher

By Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, Feb. 20 (CNS Canada) – ICE Futures canola contracts continued their downward slide on Wednesday, hitting fresh contract lows for the second-straight session. Speculators were noted sellers as bearish technical signals kept the bias pointed lower. Strength in the Canadian dollar, a lack of significant end user […] Read more

Canola futures mixed at midday

By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Feb. 20 (CNS Canada) – ICE Futures canola contracts were mixed at midday Wednesday, with losses in the front months and a firmer tone in the more deferred positions as the old/new crop spreads saw some adjustment. Losses in Chicago Board of Trade soybeans put some spillover […] Read more


ICE canola futures down Wednesday on heel of sell-off

By Glen Hallick, Commodity News Service Canada WINNIPEG, Feb. 20 (CNS Canada) – ICE Futures canola contracts were down Wednesday morning following Tuesday’s sell-off. Canola futures were losing about C$2 per tonne, with the March contract down to C$470.80 per tonne. The United States stocks markets were again sluggish; starting Wednesday morning on cautious optimism […] Read more