GFM Network News



“Risk-off” sentiment underpins ICE canola at midday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 16 (MarketsFarm) – ICE Futures canola contracts were stronger at midday Friday, as traders adjusted positions ahead of the weekend in quiet trade. “We’re getting a little bit of profit-taking and position-squaring ahead of the weekend,” said a Winnipeg-based trader noting that “risk-off” sentiment was behind much of the […] Read more


ICE canola futures: Morning bids pushing upward

By Glen Hallick, MarketsFarm WINNIPEG, August 16 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were higher Friday morning, as canola has been competitive with oilseeds and could receive spillover from other markets. Bids found strength in solid crush margins, which are at their best levels so far this year. Crop conditions are generally favourable […] Read more

North American Grain/Oilseed Review: Canola edges higher

By Phil Franz-Warkentin, MarketsFarm Winnipeg, Aug. 15 (MarketsFarm) – The ICE Futures canola market settled with small gains on Thursday, as the market continued to find some strength after dropping earlier in the week. Crush margins remain at some of their best levels of the past year, making canola attractively priced for end users, according […] Read more


Canola firm in choppy midday trade

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 15 (MarketsFarm) – ICE Futures canola contracts were holding onto small gains at midday Thursday, in thin and choppy activity. “It’s hard to get any read on this market,” said a Winnipeg-based trader. While canola was looking underpriced compared to other oilseeds, he expected the looming Prairie harvest would […] Read more

ICE canola futures: Bids looking for direction

By Glen Hallick, MarketsFarm WINNIPEG, August 15 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were steady to lower Thursday morning, following volatile overnight trading. Canola has become more competitive within the oilseed market, which has provided support. A declining Canadian dollar has also been supportive. After the dollar closed Wednesday at 75.16 U.S. cents, […] Read more


North American Grain/Oilseed Review: Canola mixed after choppy day

By Phil Franz-Warkentin, MarketsFarm Winnipeg, Aug. 14 (MarketsFarm) – The ICE Futures canola market ended mixed on Wednesday, with gains in the most active front months and losses in the more deferred positions. Oversold price sentiment and improving crush margins accounted for some buying interest from domestic processors, according to a trader. Weakness in the […] Read more

Canola correcting higher at midday Wednesday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 14 (MarketsFarm) – ICE Futures canola contracts were stronger at midday Wednesday, correcting after Tuesday’s losses amid ideas the declines were overdone. Domestic processors were likely on the buy side as crush margins have improved to some of their best levels of the past year over the past week, […] Read more


ICE canola futures: Bids bounce back from Tuesday’s losses

By Glen Hallick, MarketsFarm WINNIPEG, August 14 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were higher Wednesday morning, getting support from stronger European rapeseed and Malaysian palm oil bids in the overnights. However, the Chicago soy complex was lower and tempered gains. Precipitation this week helped struggling crops, but most of the Prairies remains […] Read more