GFM Network News


North American Grain and Oilseed Review: New crop canola suffers double digit declines

By Glen Hallick, MarketsFarm WINNIPEG, June 11 (MarketsFarm) – New crop canola contracts tumbled on the Intercontinental Exchange (ICE) on Friday, following more Prairie rainfall overnight and earlier today. Although the declines took a good chunk out of the weather premium, a trader said some of the premium still remains. Steep losses in Chicago soybeans […] Read more

ICE Canola Midday: Rain washing away new crop prices

Liquidation of old crop July continues

By Glen Hallick, MarketsFarm WINNIPEG, June 11 (MarketsFarm) – New crop canola futures on the Intercontinental Exchange (ICE) were taking a hit at midday Friday, after rain fell on parts of the Prairies, but that wasn’t the only factor. Meanwhile, the liquidation of the July contract contributed to its losses. A Winnipeg-based trader said sharp […] Read more


ICE canola down sharply Friday morning

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 11 (MarketsFarm) – The ICE Futures canola market was weaker Friday morning, falling in sympathy with the Chicago Board of Trade soy complex. Improving moisture conditions in the dry eastern Canadian Prairies contributed to the decline in canola, as traders took some of the weather premium out of the […] Read more

North American Grain and Oilseed Review: Canola turns around after earlier loses

U.S. soybeans pull back as corn, wheat rise

By Glen Hallick, MarketsFarm WINNIPEG, June 10 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures settle most highly on Thursday, with only the November contract posting a small loss at the close as prices recovered from earlier declines. The eastern Prairies received rain yesterday, especially a strip through southern Manitoba that brought two to three inches. […] Read more


ICE Canola Midday: Manitoba rainfall pulling down prices

Path of 2-3 inches across province's south

By Glen Hallick, MarketsFarm WINNIPEG, June 10 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly lower at midday Thursday, due to the very timely rains received in the eastern Prairies. There were some gains for the much more deferred, less traded positions. A Winnipeg-based trader noted the amounts of rain varied, with a path […] Read more

ICE canola weaker early Thursday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 10 (MarketsFarm) – The ICE Futures canola market was weaker Thursday morning, as improving moisture conditions across Western Canada weighed on values. Much needed rain in dry areas of Manitoba and Saskatchewan on Wednesday helped alleviate some of the dryness concerns that had supported the futures recently. However, subsoil […] Read more


North American Grain and Oilseed Review: Canola slips back

Chicago soy complex weakens

By Glen Hallick, MarketsFarm WINNIPEG, June 9 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Wednesday, as rain fell on parts of the eastern Prairies. Coupled with that were declines in the Chicago soy complex plus the spec funds liquidating their long positions. Losses in European rapeseed and Malaysian palm oil added to […] Read more

ICE Canola Midday: More to downturn than rain

Weaker soyoil, long liquidation contributing factors

By Glen Hallick, MarketsFarm WINNIPEG, June 9 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were falling sharply at midday Wednesday, with some contracts coming close to the C$30 per tonne daily limit. A Winnipeg-based trader said there are three factors to the slide in prices. “Definitely the rain, as it has alleviated the drought-like conditions. […] Read more


ICE canola falls with Prairie rains

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 9 (MarketsFarm) – The ICE Futures canola market was weaker Wednesday morning, seeing some profit-taking after recent highs as parts of the Prairies saw some much needed rain. Losses in Chicago Board of Trade soybeans and soyoil added to the softer tone in canola, with Malaysian palm oil and […] Read more

North American Grain and Oilseed Review: New crop prices continue to advance

It’s ‘Turnaround Tuesday’ expect for spring wheat

By Glen Hallick, MarketsFarm WINNIPEG, June 8 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures saw another round of gains on Tuesday, while the old crop July contract remained in retreat. A Winnipeg-based trader asserted that someone is holding back canola prices to the extent they are about C$50 per tonne behind Chicago soyoil. Canola still […] Read more