GFM Network News



Smaller crop boosts canola futures at midday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Dec. 6 (MarketsFarm) – ICE Futures canola contracts were posting solid gains at midday Friday, benefitting from a number of supportive price influences. Statistics Canada pegged the 2019 canola crop at 18.65 million tonnes, which came in well below average trade expectations and would represent an 8.3 per cent drop […] Read more


ICE canola futures: Bids spike following StatCan report

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 6 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were stronger Friday morning, following the release of Statistics Canada’s December crop production report. Statistic Canada lowered its estimate for this year’s canola harvest from 19.358 million tonnes in its September report to now 18.649 million. In 2018, Canadian farmers […] Read more

: Canola strengthens off nearby lows

By Phil Franz-Warkentin, MarketsFarm Winnipeg, Dec. 5 (MarketsFarm) – The ICE Futures canola market was stronger on Thursday, moving off of nearby lows as gains in Chicago Board of Trade soybeans and short-covering ahead of Friday’s Statistics Canada production report provided support. After the government agency pegged the canola crop at 19.4 million tonnes in […] Read more


ICE canola up with short-covering ahead of StatCan report

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Dec. 5 (MarketsFarm) – ICE Futures canola contracts were stronger at midday Thursday as speculative short covering and spillover from advances in Chicago Board of Trade soybeans provided support. Statistics Canada releases updated production estimates on Friday, and uncertainty ahead of the report had speculators covering short positions, according to […] Read more

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Dec. 5 (MarketsFarm) The Canadian dollar was stronger Thursday morning, seeing some follow-through buying interest after Wednesday’s rally. At 8:50 CST Thursday morning the Canadian dollar was at US$0.7594 or C$1.3168 which compares with Wednesday’s North American close of US$0.7563 or C$1.3223. The Bank of Canada’s decision to hold steady on interest […] Read more


ICE canola futures: Soy complex boosting bids

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 5 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were higher Thursday morning, gleaning support from the Chicago soy complex. There is optimism from United States/China trade talks, as yesterday reports stated a deal was apparently close at hand. Today, China stated that tariffs must be removed before the […] Read more



ICE canola up at midday Wednesday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Dec. 4 (MarketsFarm) – ICE Futures canola contracts were stronger at midday Wednesday, seeing some follow-through buying interest after Tuesday’s recovery off of nearby lows. Gains in Chicago Board of Trade soybeans and soyoil provided spillover support, according to participants. Statistics Canada releases updated production estimates on Friday, and positioning […] Read more

ICE canola futures: Bids up on U.S./China trade news

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 4 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were higher Wednesday morning, getting support from the Chicago soy complex. The day after United States President Donald Trump stated a trade deal with China might not be reached until after the 2020 presidential election, Bloomberg reported today that the […] Read more