GFM Network News


North American Grain/Oilseed Review: Rangebound canola edges lower

By Phil Franz-Warkentin, MarketsFarm Winnipeg, Nov. 13 (MarketsFarm) – ICE Futures canola contracts were slightly lower at Wednesday’s close, after trading within a narrow range throughout the session. Losses in Chicago Board of Trade soyoil accounted for much of the spillover selling pressure in canola, according to traders. Ample supplies in the commercial pipeline and […] Read more

ICE canola weakens with soyoil at midday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 13 (MarketsFarm) – ICE Futures canola contracts were posting small losses at midday Wednesday, taking some direction from Chicago Board of Trade soyoil. Ample supplies in the commercial pipeline and declining crush margins added to the softer tone, with end users seeing little need to bid up the current […] Read more


Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Nov. 13 (MarketsFarm) The Canadian dollar was slightly lower on Wednesday morning, ahead of a busy day of impeachment proceedings and the United States Federal Reserve Chair testifying to Congress. At 8:20 CDT, the Canadian dollar was at US$0.7543 or C$1.3257, which compares with Tuesday’s North American close of US$0.7560 or C$1.3228. […] Read more

ICE canola futures: Chicago soy weighs on values

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 13 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were lower Wednesday morning, following the lead of the Chicago soy complex. Temperatures across the Prairies will improve to a few degrees either side of freezing for the remainder of this week. Other than some flurries in eastern Manitoba, the […] Read more


Canadian Financial Close: Canadian dollar stable

By MarketsFarm WINNIPEG, Nov. 12 (MarketsFarm) – The Canadian dollar was steady to lower on Tuesday, after dropping by nearly half a cent the week before. The dollar finished the day at US$0.7560 or US$1=C$1.3228, compared to Monday when it closed at US$0.7563 or US$1=C$1.3223. Financial markets were stronger as investors anticipated the likelihood of […] Read more



ICE canola posting small gains at midday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 12 (MarketsFarm) – ICE Futures canola contracts were posting small gains Tuesday morning, although activity was thin and choppy with little supportive news to drive the move higher. “Canola is doing its own thing,” said a Winnipeg-based trader. He linked the gains to short-covering by small speculators and a […] Read more

Global Markets: Violence escalates in Hong Kong

WINNIPEG, Nov. 12 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Violence in Hong Kong escalated over the past few days, with police shooting live rounds and hitting at least one activist. Anti-government protestors also retaliated by setting a pro-Beijing supporter on fire, according to reports. […] Read more


Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Nov. 12 (MarketsFarm) The Canadian dollar was slightly lower on Tuesday morning, after falling nearly half a cent during the previous week. At 8:20 CDT, the Canadian dollar was at US$0.7558 or C$1.3231, which compares with Friday’s North American close of US$0.7563 or C$1.3223. Canadian markets were closed Monday for Remembrance Day. […] Read more

ICE canola futures: Like the loonie, bids steady Tuesday morning

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 12 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were steady Tuesday morning, after trading resumes following Remembrance Day. Canola was getting support from stronger palm oil and European rapeseed prices. However, the Prairie harvest has wrapped up in several regions or was very close to being finished, which […] Read more