GFM Network News



ICE canola steady at midday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 13 (MarketsFarm) – The ICE Futures canola market was holding near unchanged at midday Thursday, lacking any clear direction. Chicago Board of Trade soybean and soymeal futures were stronger at midday, which provided some spillover support. However, soyoil was weaker. Speculators were on the sell side, liquidating some of […] Read more


ICE canola futures: Prices mixed Thursday morning

By Marlo Glass, MarketsFarm WINNIPEG, Aug. 13 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were on either side of unchanged on Thursday morning, amid choppy trading activity. Slight losses in Chicago soyoil kept pressure on canola prices. Nearby soyoil contracts were down by a fraction of a cent in early morning trade. Continued strength […] Read more

Canadian Financial Close: Loonie stronger at midweek

By MarketsFarm WINNIPEG, Aug. 12 (MarketsFarm) – The Canadian dollar remained over 75 United States cents on Wednesday, reacting to relative strength in financial markets. The dollar finished the day at US$0.7545 or US$1=C$1.3254, compared to Tuesday when it closed at US$0.7524 or US$1=C$1.3291. Gains in U.S. stock indices were led by a strong performance […] Read more



ICE canola weaker ahead of USDA reports at midday Wednesday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 12 (MarketsFarm) – The ICE Futures canola market was weaker at midday Wednesday, continuing to back away from nearby highs as bearish technical signals weighed on prices. Speculators who had been buying canola at the start of the month have flipped to the other side to book profits, according […] Read more



ICE canola weaker at midday Tuesday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 11 (MarketsFarm) – The ICE Futures canola market was weaker at midday Tuesday, as it continued to back away from its recent highs. After good export demand and chart-based buying had provided support earlier in the month, “we’ve done enough work to the upside for now,” said a trader […] Read more


ICE canola futures: Prices lower on Tuesday morning

By Marlo Glass, MarketsFarm WINNIPEG, Aug. 11 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were weaker on Tuesday morning. Declines in Chicago soyoil were a negative factor for canola prices. Nearby Chicago soyoil contracts were weaker by about two tenths of a cent in early morning trade. Continued strength to the Canadian dollar also […] Read more