GFM Network News

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

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, April 17 (MarketsFarm) The Canadian dollar was stronger Wednesday morning, with solid economic data out of China providing some support for the financial markets in general. At 9:06 CDT Wednesday morning the Canadian dollar was at US$0.7509 or C$1.3317 which compares with Tuesday’s North American close of US$0.7484 or C$1.3361. Retail sales […] 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

Pulse weekly outlook: Benchmark report out for fababeans, feed peas

MarketsFarm — Alberta Pulse Growers on Monday released Feed Benchmark Bi-Weekly Reports, providing “a consistent and unbiased estimate of the feeding value of low-tannin fababeans and feed peas” in central Alberta, central Saskatchewan and southern Manitoba. Comparing fababean and feed pea prices to other feed grains, the report stated, “Grains are softening further on the […] Read more