GFM Network News


Canola bearish in near term at ICE

(Resource News International) — Canola futures at ICE Futures Canada in Winnipeg finished the week ended July 29 sharply lower, pressured down by weakness in soyoil and European rapeseed, the firm Canadian dollar and bearish technical signals. Prices have fallen to the lowest level of 2009, with the improving crop outlook also weighing on the […] Read more

Canola cash falling, basis holding firm

(Resource News International) — Canola cash prices have been falling as the futures market has tumbled back to its lowest levels since March, but the basis levels have remained relatively firm, say cash dealers. “We’re kind of worried that farmers are going to lock the bins again, now that most areas have dropped below $10 […] Read more


Canola cash basis seen firming

(Resource News International) — Canola cash basis levels have been firm across Western Canada with the strongest levels in Alberta and western Saskatchewan, where the dryness has prompted the strength, traders and brokers said. They also noted, though, that basis prices have seen some volatility and that producers should be prepared to make phone calls […] Read more

Canola cash moves to premiums on weather

(Resource News International) — Canola cash basis bids have firmed sharply in the past week as the weather uncertainties for the crop have stimulated the move higher, said cash dealers and brokers. Canola basis levels for old-crop deliveries have climbed to a premium of as much as $12 over the July contract in the Alberta […] Read more


WCE close: Canola up on spec buying

(RNI) — Winnipeg Commodity Exchange grain and oilseed futures closed Friday’s session higher as canola was boosted by speculative buying prompted by bullish technical signals, brokers said. Canola saw a very active trade with most of the volume comprised of intermonth spreading as commercials and commodity funds continued to roll their futures contracts forward. Traders […] Read more

WCE close: Canola hits new highs for fifth session

(RNI) — Winnipeg Commodity Exchange grain and oilseed futures closed Thursday’s session mixed with canola setting fresh contract highs for the fifth session in a row prompted by bullish technical signals, brokers said. Canola saw an active trade with intermonth spreading accounting for the bulk of the volume as commercials and commodity funds continued to […] Read more


WCE close: Canola soars to new highs on technicals

(RNI) — Winnipeg Commodity Exchange grain and oilseed futures closed Wednesday’s session higher with canola surging to fresh contract highs for the fourth day in a row on bullish technical signals, brokers said. Canola noted a heavy trade with much of the volume comprised of intermonth spreading as commercials and commodity funds rolled positions forward, […] Read more

WCE close: Canola hits 12-year highs, funds buy

(RNI) — Winnipeg Commodity Exchange (WCE) grain and oilseed futures closed Tuesday’s session mostly higher with canola hitting its highest level since 1994 on bullish technical signals, brokers said. Canola saw a very heavy trade with intermonth spreading accounting for a majority of the volume as commodity funds and commercials were noted rolling their positions […] Read more



WCE close: StatsCan report supports canola

(RNI) — Winnipeg Commodity Exchange grain and oilseed futures closed Thursday’s session narrowly mixed, with canola mainly higher as the market drew support from a bullish Statistics Canada crop report which offset weakness in Chicago Board of Trade (CBOT) soy complex futures, brokers said. Canola saw a moderate trade as intermonth spreading accounted for much […] Read more