GFM Network News


North American Grain/Oilseed Review: Spread, weekend rain push up canola prices

By Glen Hallick, MarketsFarm WINNIPEG, June 17 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were stronger on Monday, in a heavy volume of trade. “Big volumes, big spread. The market doesn’t know which way to go,” commented a Winnipeg-based analyst. The lack of significant rainfall on the Prairies wasn’t enough to help crops. Meanwhile […] Read more

Canola up at midday Monday

By Marlo Glass, MarketsFarm WINNIPEG, June 17 (MarketsFarm) – The ICE Futures canola market was higher at midday Monday, though remained largely range-bound. Light weekend rains across the Prairies weren’t enough to significantly boost crops, according to one Winnipeg-based trader. Meanwhile, soybean prices continued to skyrocket due to concerns of delayed planting in the Midwest, […] Read more


ICE canola up early Monday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 17 (MarketsFarm) – ICE Futures canola contracts were stronger Monday morning, as a rally in the Chicago Board of Trade soy complex provided support. Excessive rains across the United States Midwest, and forecasts calling for more moisture, accounted for much of the buying interest in beans as the excessive […] Read more



Canola muted at midday Friday

By Marlo Glass, MarketsFarm WINNIPEG, June 14 (MarketsFarm) – The ICE Futures canola market was slightly lower at midday Friday. United States corn and soybean markets remained strong despite delayed planting and prolonged wet weather. One Winnipeg-based trader believed the large carryout from previous years may be keeping a lid on canola gains, despite crop […] Read more

ICE canola futures: Weather market pushing up prices

By Glen Hallick, MarketsFarm WINNIPEG, June 14 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were stronger in early activity Friday morning, with wet conditions in the United States and dry conditions on the Prairies. Chicago Board of Trade soybean and corn prices are up due to planting concerns across a very drenched U.S. Midwest. […] Read more


North American Grain/Oilseed Review: Canola mixed as old/new crop spread widens

By Phil Franz-Warkentin, MarketsFarm Winnipeg, June 13 (MarketsFarm) – The ICE Futures canola market was mixed on Thursday, with losses in the nearby July contract but gains in the more deferred positions as persistent Prairie dryness concerns and excessive moisture in the United States provided support. The latest weekly crop report from Saskatchewan, released Thursday […] Read more

Canola mostly strong at midday Thursday

By Marlo Glass, MarketsFarm WINNIPEG, June 13 (MarketsFarm) – The ICE Futures canola market was mainly up at midday Thursday, as markets remain watchful over inclement weather on either side of the border. Dry conditions in the Prairies, specifically Saskatchewan, continued to buoy canola prices. Further gains were caused by prevailing sentiments that soybean planting […] Read more


Canadian dollar and business outlook

By MarketsFarm WINNIPEG, June 13 (MarketsFarm) The Canadian dollar was slightly weaker Thursday morning. At 8:50 CDT Wednesday morning the Canadian dollar was at US$0.7505 or C$1.3324 which compares with Wednesday’s North American close of US$0.7517 or C$1.3303. Two oil tankers were reportedly attacked in the Gulf of Oman, causing crude oil prices to climb […] Read more

ICE canola futures: Chicago soy leads way to higher bids

By Glen Hallick, MarketsFarm WINNIPEG, June 13 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were stronger in early activity Thursday morning, following gains in the soy complex at the Chicago Board of Trade. The six to 10-day weather forecast for the United States Midwest has called for above average rainfall and below average temperatures, […] Read more