GFM Network News


ICE canola mixed at midday Wednesday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 5 (MarketsFarm) – The ICE Futures canola market was mixed at midday Wednesday, with gains in the old crop July contract and a softer tone in the new crop positions. Farmer hedges accounted for much of the selling pressure in the deferred contracts as recent gains saw some price […] Read more

ICE Canada Morning Comment: July canola vaults higher

Daily limit now at C$45 per tonne

By Glen Hallick, MarketsFarm WINNIPEG, May 5 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mixed on Tuesday morning, with a big gain in the old crop July contract, while there was volatility in the new crop positions. Of note, ICE raised the daily limit for canola contracts to C$45 per tonne effective today. There […] Read more


North American Grain/Oilseed Review: Canola up sharply

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 4 (MarketsFarm) – The ICE Futures canola market was stronger on Tuesday, posting limit-up gains in the most active July contract. Activity was described as choppy and erratic, with no real catalyst for the latest speculative rally besides spillover from the gains in Chicago soybeans and corn. Fund traders […] Read more

ICE canola hitting new highs at midday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 4 (MarketsFarm) – The ICE Futures canola market was stronger at midday Tuesday, hitting fresh contract highs in many months as gains in Chicago Board of Trade soybeans and soyoil provided spillover support. Speculative funds accounted for much of the activity, as they added to their large long positions. […] Read more


ICE Canada Morning Comment: Canola bounces back Tuesday morning

Support coming from comparable oils

By Glen Hallick, MarketsFarm WINNIPEG, May 4 (MarketsFarm) – After taking a hit on Monday, Intercontinental Exchange (ICE) canola futures were higher in the most actively traded months on Tuesday morning, benefitting from gains in other edible oils. Support also came from tight supply concerns and dry conditions on the Prairies. The situation was further […] Read more



ICE canola posting losses at midday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 3 (MarketsFarm) – The ICE Futures canola market was weaker at midday Monday, retreating from overnight gains after running into resistance at new contract highs. Chicago Board of Trade soybeans also backed away from overnight gains to post losses at midsession, while soyoil was mixed. Tight old crop supplies […] Read more

ICE Canada Morning Comment: Canola rally continues into new week

Spillover from Chicago, Europe, Malaysia

By Glen Hallick, MarketsFarm WINNIPEG, May 3 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Monday morning, as its rally continues. Spillover support was coming from strong gains in Chicago soybeans and soymeal. Additional support came from European rapeseed and Malaysian palm oil. Tight supplies continued to underpin canola values, as were dry […] Read more


North American Grain and Oilseed Review: Canola finishes week with a flurry

U.S. markets see double digit gains in beans, corn, wheat

By Glen Hallick, MarketsFarm WINNIPEG, April 30 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures closed stronger on Friday, due to tight supplies and dry conditions across the Prairies. Additional support came from sharp increases in the Chicago soy complex, as well as moderate gains in European rapeseed. Lower Malaysian palm oil weighed on values. Strong […] Read more

ICE Canola Midday: Prices moving higher

Tight canola supplies, dry conditions to continue

By Glen Hallick, MarketsFarm WINNIPEG, April 30 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were stronger at midday Friday. With “no new canola until September,” old crop supplies will remain very tight, said a Winnipeg-based trader. Dry conditions on the Prairies are expected to continue for the coming weeks, which underpinned new crop values, the […] Read more