GFM Network News



ICE Canola Midday: November’s expiry pushing down prices

Liquidation to accelerate next week

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 22 (MarketsFarm) – Intercontinental Exchange (ICE) canola prices remained lower at midday Friday following yesterday’s losses as the expiry of the November options draw closer. “The liquidation in the November continues to accelerate,” said a trader, noting that its open interest is rapidly declining. He added there has been […] Read more


ICE canola consolidating in choppy trade

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 22 (MarketsFarm) – The ICE Futures canola market narrowly mixed Friday morning in choppy trade, seeing some consolidation ahead of the weekend after Thursday’s profit-taking selloff. The Chicago Board of Trade soy complex was holding firm in early activity, providing some spillover support for canola. Ongoing concerns over tight […] Read more

North American Grain and Oilseed Review: The inevitable end to rally strikes

Yesterday’s gains give away to cross the board declines

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 21 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures dropped back on Thursday, most likely due to profit-taking according to a trader. Canola prices rallied for several days after they had been in a trading range for a number of weeks. The trader stressed the Canadian oilseed will need to […] Read more


ICE Canola Midday: Profit-taking most likely behind pull back

'A sudden turn in the undertones' says trader

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 21 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were taking a step back at midday Thursday most likely due to some profit-taking, according to a trader. For several days canola was swinging higher along with gains in other edible oils. “We got a sudden turn in the undertones, but […] Read more

ICE canola correcting lower Thursday morning

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 21 (MarketsFarm) – The ICE Futures canola market was weaker Thursday morning, seeing a modest correction after posting gains for the previous six sessions. Canola was thought to be looking overpriced from both a technical and fundamental standpoint, with most of the recent strength tied to spillover from outside […] Read more


North American Grain and Oilseed Review: Canola rises further

CBOT: Good gains across the board

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 20 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures continued higher on Wednesday, getting more spillover from gains in other edible oils. The Chicago soy complex saw soyoil push well over two cents per bushel in the nearby contracts, while soybeans had double digit gains and soymeal was up moderately. […] Read more

ICE Canola Midday: Rally continues

Riding gains in comparable oils

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 20 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures continued to push higher at midday Wednesday, getting support from increases in other edible oils, according to an analyst. He noted that Chicago soyoil shot up sharply so far today, with European rapeseed still on the rise along with gains in […] Read more


ICE canola rallies to fresh highs early Wednesday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 20 (MarketsFarm) – The ICE Futures canola market was stronger Wednesday morning, setting fresh contract highs as bullish technical signals provided support. Gains in outside markets were another supportive influence, with Malaysian palm oil, European rapeseed and Chicago Board of Trade soyoil futures all moving higher. Canada’s tight supply […] Read more

North American Grain and Oilseed Review: Tight supplies, dry Prairies push up canola

CBOT soy complex, spring wheat swing higher

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 19 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were stronger on Tuesday due to ongoing concerns about tight supplies and dry conditions across the Prairies. A trader commented the rolling out of the November contract into January was a major feature in today’s trading. He added that crushers and […] Read more