GFM Network News


North American Grain/Oilseed Review: Futures starts week lower

By Phil Franz-Warkentin, MarketsFarm Winnipeg, July 15 (MarketsFarm) – The ICE Futures canola market was weaker on Monday, as improving weather conditions and losses in Chicago Board of Trade soybeans weighed on prices. Bearish chart signals contributed to the declines, as fund traders added to their large net short positions. Recent rainfall across dry areas […] Read more

Canola weakens in thin trade at midday Monday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 15 (MarketsFarm) – ICE Futures canola contracts were weaker at midday Monday, taking some direction from Chicago Board of Trade soybeans in thin and choppy activity. “It’s just quietly lower,” said a Winnipeg-based trader adding that “everybody’s focused on the weather.” Forecasts out of the United States were shifting, […] Read more


ICE canola starts the week lower

By Marlo Glass, MarketsFarm WINNIPEG, July 15 (MarketsFarm) – The ICE Futures canola market was lower Monday morning, amid quiet volumes and choppy activity. The market was thought to be in a consolidation pattern, as traders haven’t been trading aggressively due to uncertainty regarding growing conditions across North America. While rains have improved crop conditions […] Read more

North American Grain/Oilseed Review: Jump in soybeans boosts canola prices

By Glen Hallick, MarketsFarm WINNIPEG, July 12 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Friday, due to spillover from a sharp jump in Chicago soybean prices. Despite improving soil moisture levels across the Prairies, there remain some areas with dry conditions, which also provided support for canola bids. While the United […] Read more



ICE canola steady ahead of weekend

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 12 (MarketsFarm) – The ICE Futures canola market was narrowly mixed Friday morning in thin and choppy activity. The market was thought to be seeing some consolidation, as traders adjusted positions ahead of the weekend. While improving crop conditions in parts of the Prairies put pressure on values, enough […] Read more



ICE canola midday: Quiet trading ahead of USDA report

By Glen Hallick, MarketsFarm WINNIPEG, July 11 (MarketsFarm) – ICE Futures canola contracts were steady at midday Thursday, in yet another day of light activity. A Winnipeg-based trader said he wasn’t sure why volumes have been light this week. He suggested one reason could be farmers have been spraying their crops. The absence of spec […] Read more


ICE canola weakens ahead of USDA

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 11 (MarketsFarm) – The ICE Futures canola market was posting small losses Thursday morning, although activity was thin and choppy as participants position themselves ahead of the latest United States Department of Agriculture supply/demand and production estimates. The USDA data is set for release at 11:00 CDT, and should […] Read more

North American Grain/Oilseed Review: Rain, loonie pull canola down

By Glen Hallick, MarketsFarm WINNIPEG, July 10 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Wednesday, which saw the weather and the Canadian dollar weigh on values. Southern Manitoba received 65 to 140 millimeters of rain Tuesday into Wednesday morning. The Prairie weather forecast has called for rain over parts of Saskatchewan […] Read more