GFM Network News



Canola firm at midday Thursday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 18 (MarketsFarm) – ICE Futures canola contracts were holding onto small gains at midday Thursday, finding some support from advances in Chicago Board of Trade soyoil. A lack of significant farmer selling and expectations for reduced Canadian canola acres this spring also underpinned the futures. Statistics Canada releases its […] Read more



North American Grain/Oilseed Review: Canola falls with soybeans

By Phil Franz-Warkentin, MarketsFarm Winnipeg, April 17 (MarketsFarm) – ICE Futures canola contracts were weaker on Wednesday, nearing major chart support as bearish technical signals and spillover from the losses in Chicago Board of Trade soybeans weighed on values. The ongoing trade tensions with China and lack of progress on that front also weighed on […] Read more


Canola weakens at midday, spread trade the feature

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 17 (MarketsFarm) – ICE Futures canola contracts were weaker at midday Wednesday, with much of the activity linked to participants rolling their positions out of the nearby May contract and into July. The May/July spread traded from C$7.10 to C$7.70 under, accounting for over three-quarters of the contracts traded […] Read more

ICE canola futures: Bids dropping in early trade

By Glen Hallick, MarketsFarm WINNIPEG, April 17 (MarketsFarm) – ICE Futures canola contracts were down in early trade Wednesday morning, as traders rolling out of May contracts into July continue to be a major feature. The May canola contract was down C$1.10, to be at C$453.40 per tonne, and the July contract lost C$1.40, to […] Read more



Canola weakens with soybeans at midday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 16 (MarketsFarm) – ICE Futures canola contracts were weaker at midday Tuesday, taking some direction from Chicago Board of Trade soybeans. “Everything is working against canola today,” said a trader pointing to the bearish influence of soybeans, which were down 10 U.S. cents per bushel at midday, and the […] Read more


Canadian dollar and business outlook

By MarketsFarm WINNIPEG, April 15 (MarketsFarm) The Canadian dollar was slightly weaker Tuesday morning, as Monday’s dovish business outlook survey from the Bank of Canada continued to pressure the currency. At 8:56 CDT Tuesday morning the Canadian dollar was at US$0.7478 or C$1.3319 which compares with Monday’s North American close of US$0.7488 or C$1.3354. Canadian […] Read more

ICE canola futures: Most of trade focusing on spreads

By Glen Hallick, MarketsFarm WINNIPEG, April 16 (MarketsFarm) – ICE Futures canola contracts were making gains in early trade Tuesday morning, with rolling May contracts into July a major feature. The May canola contract was up 40 cents to C$456.10 per tonne, and the July contract up 10 cents to C$463.80 per tonne. The possibility […] Read more