GFM Network News


North American Grain/Oilseed Review: Canola corrects higher

By Phil Franz-Warkentin, MarketsFarm Winnipeg, Oct. 22 (MarketsFarm) – ICE Futures canola contracts were stronger on Tuesday, taking back some of their recent declines. Gains in Chicago Board of Trade soyoil and a steady tone in the Canadian dollar helped underpin crush margins, with domestic processors behind some of the buying interest. Ongoing weather concerns […] Read more

ICE canola strengthens with soyoil

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 22 (MarketsFarm) – ICE Futures canola contracts were posting small gains at midday Tuesday, with a rally in Chicago Board of Trade soyoil behind some of the spillover strength. Soyoil was up nearly half-a-cent per pound, while the Canadian dollar was holding steady, which was supportive for crush margins. […] Read more


ICE canola futures: Rumoured soybean purchase boosts provides spillover

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 22 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were trading higher Tuesday morning, getting spillover from the Chicago soy complex. There has been strong speculation that China will purchase 10 million tonnes of United States soybeans tariff-free. Also, there have been indications China may purchase large quantities of […] Read more



ICE canola continues downtrend midday Monday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 21 (MarketsFarm) – ICE Futures canola contracts were weaker at midday Monday, seeing a continuation of last week’s selloff. “It’s just more of the same,” said a trader adding that speculators holding short positions were “leaning on the canola” in an effort to boost their profits. Updated supply/demand estimates […] Read more

ICE canola futures: Stronger loonie weighs on bids

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 21 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were trading lower Monday morning as the Canadian dollar continued to gain strength. After closing Friday at 76.15 U.S. cents, the loonie gained more than a tenth of a cent at 76.26. With drier conditions, Prairie farmers made some progress […] Read more


North American Grain/Oilseed Review

WINNIPEG, Oct. 18 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Friday, remaining pressured by harvest progress and a spate of commercial canola deliveries. According to data from the Canadian Grain Commission, canola deliveries hit record-highs last week. Over 719,000 tonnes of canola were delivered across the Prairies. With blue skies in […] Read more

Canola prices under pressure midday Friday

By Marlo Glass, MarketsFarm WINNIPEG, Oct. 18 (MarketsFarm) – The ICE Futures canola market was lower at midday Friday, following trends set earlier in the week. Canola delivery to commercial positions hit record-highs during the week ended Oct. 13, with over 719,000 tonnes of canola delivered. That, along with stronger-than-expected harvest activity, has weighed on […] Read more


ICE canola futures: Farmers make record deliveries

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 18 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were slightly lower Friday morning, as Canadian farmers unable to resume harvesting were busy hauling canola. Those farmers delivered 719,300 tonnes of canola into commercial positions during the week ended Oct. 13. That was not only more than double from […] Read more

North American Grain/Oilseed Review

WINNIPEG, Oct. 17 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Thursday, remaining mostly range-bound and following trends set earlier in the week. Harvest progress has put pressure on canola prices, as regions of the Prairies that didn’t receive significant snow are almost finished harvesting canola. Manitoba’s canola harvest is 80 per […] Read more