GFM Network News


North American Grain/Oilseed Review: Canola council’s statement leads to canola falling

By Glen Hallick, MarketsFarm WINNIPEG, March 22 (MarketsFarm) – ICE Futures canola contracts were weaker significantly the end of trading on Friday, due to comments from the Canola Council of Canada. The council issued a press release on Thursday after the markets closed, which said China had ceased purchasing canola from Canada. While previous contracts […] Read more



ICE canola drops sharply as Chinese sales dry up

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 22 (MarketsFarm) – ICE Futures canola contracts were down sharply Friday morning, amid renewed concerns over Chinese demand. China is reportedly buying no Canadian canola right now, according to a release from the Canola Council of Canada. “While there was some initial optimism that Chinese concerns with canola trade […] Read more



ICE canola midday: Canola in ‘sit and wait’ mode

By Glen Hallick, MarketsFarm WINNIPEG, March 21 (MarketsFarm) – ICE Futures canola contracts at midday Thursday are sitting and waiting to see what develops, according to a Winnipeg-based trader. “They’re up a little, down a little with no signs of going very far either way,” he said, noting that an increase in soyoil helped somewhat […] Read more

ICE canola firm Thursday morning

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 21 (MarketsFarm) – ICE Futures canola contracts were holding onto small gains Thursday morning in thin and choppy activity. Chicago Board of Trade soybeans and soyoil futures were slightly firmer in early activity, while the Canadian dollar was weaker. Supportive nearby technical signals underpinned the canola market, as prices […] Read more


North American Grain/Oilseed Review: Canola finishes steady

By Glen Hallick, MarketsFarm WINNIPEG, March 20 (MarketsFarm) – ICE Futures canola contracts posted very small gains at the end of trading on Wednesday. The technical bias has continued to remain on the upside, and traders used the weakness in canola as a buying opportunity. Also, canola has become more competitive with vegetable oils. A […] Read more

ICE canola midday: Bounce in bids likely short term

By Glen Hallick, MarketsFarm WINNIPEG, March 20 (MarketsFarm) – Canola bids are up midday Wednesday, but any expected bounce will not last long, according to a Winnipeg-based trader. While a lower Canadian dollar so far Wednesday is providing some support for canola bids, there is very little substantive to push prices up, he said. The […] Read more


ICE canola narrowly mixed Wednesday morning

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 20 (MarketsFarm) – ICE Futures canola contracts were narrowly mixed Wednesday morning in thin and choppy activity. The nearby May contract was holding onto small gains, while the new crop months edged lower. Chicago Board of Trade soybeans were posting small losses, while soyoil futures were firmer. The Canadian […] Read more