GFM Network News


ICE weekly outlook: Canola steady, awaits news

MarketsFarm — ICE Futures canola contracts moved lower during the week ended Wednesday, but remain rangebound overall awaiting some fresh market-moving news. Some direction could come from the U.S. soybean complex, as the ongoing back-and-forth of trade talks with China could see some actual movement ahead of a Dec. 15 deadline that will see the […] Read more

Much lower canola exports to China have resulted in Canada’s canola producers holding significant inventory.

Consider carrying costs when marketing canola

The current futures market is in a strong carrying charge situation, says analyst

With a large canola carry-over and the uncertain China situation, producers need to consider carrying costs when marketing the crop, says a provincial crop market analyst Given the large inventory and currently restricted demand, the canola futures market is in a strong carrying charge situation, said Neil Blue. The futures market is priced significantly higher […] Read more



Canada’s canola crush posts new monthly record

MarketsFarm — Canadian oilseed processors set a new monthly record in October 2019, crushing 882,301 tonnes of canola during the reporting period, according to the latest data from Statistics Canada. The crush pace was up by 114,000 tonnes from the previous month and compares with the year-ago October crush of 786,770 tonnes. The previous single […] Read more






Fund traders hold steady in canola

MarketsFarm — Commodity fund traders are maintaining a steady short position in ICE Futures canola, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in at 53,576 contracts on Tuesday, steady with the previous week. Open […] Read more



Five ways to help keep blackleg out of your fields

Three out of four fields in Western Canada are showing blackleg,” said Justine Cornelson, agronomy specialist with the Canola Council of Canada. For the last 10 years or so, the incidence of blackleg has been low on the Prairies, but lately, she said, “we’re starting to see a slight trend upwards.” Cornelson was speaking at[...]
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