GFM Network News


North American Grain and Oilseed Review: Canola, soybeans take hard losses

Corn down slightly, wheat mixed

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 19 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were significantly weaker on Tuesday, due to spillover from profit-taking on the Chicago soy complex. Following the Martin Luther King Jr. holiday, the Chicago Board of Trade reopened to see sharp declines in soybeans and soymeal. Soyoil finished slightly lower […] Read more

ICE Canola Midday: Profit-taking weighing on values

Spurred on by rains in South America

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 19 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were mostly lower at midday Tuesday due to profit-taking, according to a Winnipeg-based trader. He explained the profit-taking was spurred on by the rains in South America over the weekend that were better than expected. In turn, that meant the […] Read more


ICE canola weakens with soy complex

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 19 (MarketsFarm) – The ICE Futures canola market was posting small losses Tuesday morning, taking some direction from the Chicago Board of Trade soy complex. A firmer tone in the Canadian dollar and chart-based profit-taking contributed to the declines. Soybeans and soyoil were both lower to start the day, […] Read more

North American Grain and Oilseed Review: Canola dips as U.S. markets closed for MLK holiday

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 18 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Monday, amid light volumes due to the United States Markets being closed for the Martin Luther King Jr. holiday. When the U.S. markets are closed canola either becomes very swingy or hardly budges, according to a trader. […] Read more


ICE Canola Midday: Prices down amid sparse activity

US markets closed for MLK holiday

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 18 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower at midday Monday, in thin trading due to the United States markets being closed for Martin Luther King Jr. Day. “It’s hard to tell how canola will trade on these days. Sometimes it’s dead, sometimes it gets swingy. […] Read more

ICE canola posting small losses in thin trade

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 18 (MarketsFarm) – The ICE Futures canola market was was posting small losses Monday morning, although activity was thin and choppy with markets in the United States closed for the Martin Luther King Jr. holiday. Chart-based positioning was a feature, as prices consolidated just below the major contract highs […] Read more


North American Grain and Oilseed Review: Most active canola months steady to lower

CBOT soybeans, corn drop back, wheat rises

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 15 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were mixed on Friday, with declines in the most active months and increases in the more deferred months. There were sharp losses in Chicago soyoil, along with lower values for Malaysian palm oil and European rapeseed. A trader said that […] Read more

ICE Canola Midday: Weaker soy complex pulling down prices

But canola still more expensive

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 15 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to lower at midday Friday, as the Chicago soy complex was down. In particular, soyoil fell by more than a penny per pound. Additionally, there were declines in Malaysian palm oil and European rapeseed. A Winnipeg-based trader stated […] Read more


ICE canola backs off nearby highs ahead of weekend

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 15 (MarketsFarm) – The ICE Futures canola market was steady to lower Friday morning in choppy trade, seeing some consolidation just below its nearby highs as investors squared positions ahead of the weekend. Losses in Chicago Board of Trade soybeans and soyoil accounted for some spillover selling pressure. Overbought […] Read more

North American Grain and Oilseed Review: Canola finishes day on higher note

CBOT soy complex makes another jump

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 14 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Thursday, on a turnaround from earlier losses. Those were followed by gains that hit new contract highs, before prices settling off of those levels There was support from strong gains in the Chicago soy complex, especially soyoil. […] Read more