GFM Network News


ICE canola up at midday in choppy trade

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 27 (MarketsFarm) – The ICE Futures canola market was trading to both sides of unchanged Thursday morning, with the bias turning to the upside by midsession. Oversold price sentiment and speculative positioning ahead of the month-end provided some support, as canola managed to recover after touching fresh contract lows […] Read more

ICE canola futures: Lower loonie gives boost to prices

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 27 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were largely steady on Thursday morning, following a drop in the Canadian dollar. After several days of holding firm, the loonie dropped by more than a half cent this morning at 74.79 U.S. cents. Meanwhile, declines in Chicago soyoil, Malaysian […] Read more



ICE canola correcting higher

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 26 (MarketsFarm) – The ICE Futures canola market was firmer at midday Wednesday, seeing some consolidation after dropping to contract lows on Tuesday. The market was thought to be looking oversold and due for a correction from a chart-standpoint, according to participants. Gains in Chicago Board of Trade soybeans […] Read more


ICE canola futures: Wednesday morning bounce

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 26 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were steady to higher Wednesday morning, coming off of losses due to the coronavirus weighing on the markets. Declines in Chicago soyoil, European rapeseed and Malaysian palm oil are weighing on values. Blockades in support of the Wet’suwet’en heredity chiefs […] Read more

North American Grain/Oilseed Review: Canola settles at new lows

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 25 (MarketsFarm) – The ICE Futures canola market was weaker on Tuesday, seeing some follow-through speculative selling after Monday’s sharp declines. The market dropped to fresh contract lows in the process, although bargain hunting helped temper the declines. Losses in Malaysian palm oil and Chicago Board of Trade soyoil […] Read more


ICE canola drops to fresh lows at midday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 25 (MarketsFarm) – The ICE Futures canola market was weaker at midday Tuesday, touching fresh contract lows as some stops were hit and speculators continued to add to their bearish bets. Losses in Malaysian palm oil and Chicago Board of Trade soyoil futures contributed to some spillover selling in […] Read more

ICE canola futures: Losses ease after Monday’s big drop

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 25 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were mostly steady to lower Tuesday morning, after yesterday’s sharp losses across the futures markets. Fears of the COVID-19 coronavirus becoming a world-wide pandemic spurred yesterday’s huge sell-off. In other vegetable oils, European rapeseed was steady this morning, but Chicago […] Read more


North American Grain/Oilseed Review: Virus fears weigh

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 24 (MarketsFarm) – The ICE Futures canola market was down sharply on Monday, settling just above contract lows as concerns over the COVID-19 coronavirus led to widespread selling in the global equity and commodity markets. There are now nearly 80,000 confirmed cases of the coronavirus worldwide, with about 2,600 […] Read more

ICE canola down sharply at midday with global virus fears

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 24 (MarketsFarm) – ICE Futures canola contracts were down sharply at midday Monday, as concerns over the COVID-19 coronavirus led to widespread selling in the global equity and commodity markets. Speculators were already holding large net short positions in canola, with the underlying bearish sentiment keeping them on the […] Read more