GFM Network News


ICE canola weaker at midday Monday in choppy trade

By Phil Franz-Warkentin, MarketsFarm WINNIPEG – The ICE Futures canola market was weaker at midday Monday, although activity was thin and choppy as participants wait to get a better handle on the size of this year’s crop. While hot and dry drought conditions have cut into yields, actual production remains to be seen with anecdotal […] Read more

ICE canola starts week pointing lower

WINNIPEG, July 26 (MarketsFarm) – The ICE Futures canola market was weaker Monday morning, as speculators continued to take profits on their large long positions. General uncertainty in the world economic markets, amid a surge in the COVID-19 Delta variant, accounted for some of the spillover selling in canola. Losses in Chicago Board of Trade […] Read more


North American Grain/Oilseed Review: Canola ends mixed

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 23 (MarketsFarm) – The ICE Futures canola market was mixed at Friday’s close, with gains in the most active nearby contracts and losses in the more deferred months. Tightening supply projections and the need to ration demand remained supportive. Crop prospects continue to deteriorate across the Prairies, with hot […] Read more

ICE canola higher at midday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 23 (MarketsFarm) – The ICE Futures canola market was stronger at midday Friday, seeing some follow-through buying interest after Thursday’s recovery from nearby lows. Crop prospects continue to deteriorate across the Prairies, with hot temperatures and little moisture in the forecasts over the next week. Gains in Chicago Board […] Read more


ICE Canada Morning Comment: Canola trading choppy

Comparable oils mixed

By Glen Hallick, MarketsFarm WINNIPEG, July 23 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Friday morning, in choppy trading with gains in the front months. Support was coming from increases in Chicago soyoil, European rapeseed and Malaysian palm oil. Meanwhile, Chicago soybeans and soymeal were pulling back. The five-day weather forecast for […] Read more

North American Grain and Oilseed Review: Canola comes back from sharp declines to finish mixed

Losses for U.S. soybeans, corn, winter wheats

By Glen Hallick, MarketsFarm WINNIPEG, July 22 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures finished mixed on Thursday, after prices remained much lower for most of the session. The turnaround followed the release of the weekly crop report from Saskatchewan Agriculture, which stated the province’s crops continued to struggle under drought conditions. Province-wide, the canola […] Read more


North American Grain and Oilseed Review: Canola comes back from sharp declines to finish mixed

Losses for U.S. soybeans, corn, winter wheats

By Glen Hallick, MarketsFarm WINNIPEG, July 22 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures finished mixed on Thursday, after prices remained much lower for most of the session. The turnaround followed the release of the weekly crop report from Saskatchewan Agriculture, which stated the province’s crops continued to struggle under drought conditions. Province-wide, the canola […] Read more

ICE Canola Midday: Prices tumbling with other edible oils

Profit-taking also weighing on values

By Glen Hallick, MarketsFarm WINNIPEG, July 22 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) were sharply lower at midday Thursday, following declines in the Chicago soy complex. However prices have pulled away from earlier lows. There were also losses in European rapeseed as well as in most Malaysian palm oil futures, except its […] Read more


ICE canola continues lower Thursday morning

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 22 (MarketsFarm) – The ICE Futures canola market was weaker Thursday morning, seeing some follow-through selling after Wednesday’s declines as speculators continued to liquidate long positions. Losses in the Chicago Board of Trade soy complex and a firmer tone in the Canadian dollar contributed to the selling pressure in […] Read more

North American Grain/Oilseed Review: Canola drops sharply

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 21 (MarketsFarm) – The ICE Futures canola market was sharply lower on Wednesday, with a number of factors contributing to the declines. Speculative profit-taking was behind much of the weakness, with that selling building on itself and exaggerating the declines as many traders looked to exit positions at the […] Read more