GFM Network News


ICE canola up sharply Wednesday morning

Reading Time: < 1 minute WINNIPEG – The ICE Futures canola market was up sharply Wednesday morning, posting gains in the most active new crop months for the fourth-straight session. Persistent Prairie weather concerns provided underlying support, with hot temperatures and only minimal precipitation in the forecasts over the next week. Early gains in Chicago Board of Trade soyoil futures […] Read more

North American Grain and Oilseed Review: More increases for new crop canola

U.S. soybeans, corn down, as spring wheat rises

Reading Time: 3 minutes By Glen Hallick, MarketsFarm WINNIPEG, June 22 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures mostly higher on Tuesday with another day of gains in the new crop months. With temperatures again on the rise across the Prairies, the weather forecast was showing very little prospect of rain outside of the southern areas of Alberta and […] Read more


ICE Midday: Little movement in canola, soy markets

Reading Time: < 1 minute WINNIPEG – The ICE Futures canola market was seeing little price movement at midday Monday compared to the previous week. Contracts have not moved more than C$10 per tonne. The July canola contract is moving lower due to a lack of demand, but new crop positions were rising no more than C$5/tonne. A Winnipeg-based trader […] Read more

ICE canola mixed in choppy trade Tuesday morning

Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 22 (MarketsFarm) – The ICE Futures canola market mixed Tuesday morning, lacking any clear direction in thin and choppy trade. Forecasts calling for timely rains across the United States Midwest over the next week accounted for some selling pressure in Chicago Board of Trade soybeans that spilled into canola. […] Read more


North American Grain and Oilseed Review: An about-face for new crop canola

U.S. markets have different views towards weather

Reading Time: 2 minutes By Glen Hallick, MarketsFarm WINNIPEG, June 21 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures saw the new crop contracts go from losses to gains on Monday. After dropping to the daily limit earlier in the session, old crop July recovered half of its losses. Support came from increases in Chicago soybeans and soyoil, along with […] Read more

ICE Canola Midday: Canola down, but improving

Canadian oilseed lagging behind Chicago soy complex

Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, June 21 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were down at midday Monday, but have come off earlier lows. The exception was the old crop July contract which dropped by the daily limit of C$30 per tonne. A Winnipeg-based trader noted canola was lagging behind the improvements in the […] Read more


ICE canola weakens Monday morning

Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 21 (MarketsFarm) – The ICE Futures canola market was weaker Monday morning, taking some direction from Chicago Board of Trade soybeans and soyoil to start the week. Overnight losses in Malaysian palm oil and European rapeseed futures, along with a firmer tone in the Canadian dollar in early activity, […] Read more

Canadian Dollar and Business Outlook: A little bit of strength in loonie

U.S. greenback dips

Reading Time: < 1 minute Compiled by Glen Hallick, MarketsFarm WINNIPEG, June 21 (MarketsFarm) – The Canadian dollar was slightly higher on Monday morning, as the loonie’s United States counterpart edged lower. As of 8:39 CDT, the Canadian dollar was at US$0.8069 or C$1.2390 compared to Friday’s close of US$0.8052 or C$1.2419. On the U.S. Dollar Index, the greenback pulled […] Read more


North American Grain/Oilseed Review: Canola mostly higher, correcting from recent losses

Reading Time: 2 minutes By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 18 (MarketsFarm) – The ICE Futures canola market was mostly higher on Friday, with only the lightly traded July contract still posting losses as the old/new crop spread narrowed in. Chart-based buying on ideas yesterday’s selloff was overdone contributed to the gains, as the November contract bounced off its […] Read more

ICE Midday: Canola back in the green after yesterday’s losses

Reading Time: < 1 minute WINNIPEG– The ICE Futures canola market is rebounding at midday Friday after suffering limit down losses on Thursday, forcing ICE canola contract limits to be expanded from C$30 per tonne to C$45. While the July canola contract has held mostly steady, new crop contracts are rising by nearly C$30/tonne. A Winnipeg-based trader said a combination […] Read more