GFM Network News


North American Grain/Oilseed Review: Canola drops sharply

By Phil Franz-Warkentin, MarketsFarm Winnipeg, June 25 (MarketsFarm) – The ICE Futures canola market was down sharply on Tuesday, breaking below nearby chart support as speculators turned to the sell side. Recent rainfall across Western Canada accounted for some of the selling pressure, as dryness concerns have alleviated somewhat. Losses in Chicago Board of Trade […] Read more

Canola weakens, testing chart support

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 25 (MarketsFarm) – The ICE Futures canola market weaker at midday Tuesday, as losses in Chicago Board of Trade soyoil and a firmer tone in the Canadian dollar also weighed on prices. The most active November contract was testing chart support around the C$460 per tonne level. Recent rainfall […] Read more


ICE canola futures: Weather forecast, loonie push down bids

By Glen Hallick, MarketsFarm WINNIPEG, June 25 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were mostly lower in early activity Tuesday morning. A weather forecast of rain this week for the Prairies, and a stronger Canadian dollar has weighed on values. This morning, the loonie was around 76.00 U.S. cents. Despite rain this past […] Read more



Canola weaker at midday Monday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 24 (MarketsFarm) – The ICE Futures canola market was steady to lower at midday Monday, although activity was thin and choppy. Rains across the Prairies over the weekend had speculators taking some of the weather premium out of the market, while also encouraging some farmer selling, according to a […] Read more

ICE canola futures: Bids steady to lower to start week

By Glen Hallick, MarketsFarm WINNIPEG, June 24 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were steady to lower in early activity Monday morning. Despite rain over most of the Prairies on the weekend, there remains something of a weather premium on bids. However that premium could dissipate as the forecast has called for more […] Read more



Canola subdued at midday Friday

WINNIPEG, June 20 (MarketsFarm) – The ICE Futures canola market was slightly down at midday Friday, with trading volumes lower than usual. Forecasted rain across the Prairies weighed on canola prices, though precipitation was spotty in some key growing regions. “Farmers are happy to see the rain, but some guys haven’t gotten much,” said one […] Read more


ICE canola weakens early Friday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 21 (MarketsFarm) – ICE Futures canola contracts were weaker Friday morning, as much needed rain in dry areas of the Prairies weighed on values. While more moisture will be needed, the widespread precipitation saw investors booking profits and taking some weather premiums out of the market. Losses in Chicago […] Read more