GFM Network News

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ICE weekly outlook: Canola market at mercy of weather

CNS Canada — ICE Futures Canada canola contracts climbed higher during the week ended Wednesday, following gains in the U.S. soy market. The dominant November canola contract posted a gain of $28.70 per tonne. That lifted it above major resistance to settle at $510.80. Prices were also boosted by concerns that rising temperatures in Western […] Read more

(Dave Bedard photo)

Canada harvests bigger wheat, canola crops despite snowy fall

Reuters — Canada’s wheat and canola crops withstood unfavourable autumn weather, topping Statistics Canada’s previous estimates and last year’s production, according to the government agency’s report on Tuesday. The estimates were met with greater skepticism than usual from traders and analysts, as StatsCan surveyed farmers during unusually snowy, then mild, autumn weather that raised fears […] Read more