GFM Network News

(Dave Bedard photo)

ICE weekly outlook: Canola ebbs, flows in wide range

CNS Canada –– ICE Futures Canada canola contracts have moved steadily higher over the past month, but the market remains rangebound overall. “There are underlying supportive influences for canola, but it still comes down to the bigger trends in vegetable oils and oilseeds competing internationally,” said Mike Jubinville of ProFarmer Canada, adding that “there’s a […] Read more

(Photo courtesy Canola Council of Canada)

Canola crush margins improve

CNS Canada –– Canola crush margins have shown some improvement over the past week, despite rising futures prices, as strength in product values and a weakening Canadian dollar should be boosting the profitability of the domestic crush sector. Crush margins provide an indication of the profitability of the product values relative to the seed cost […] Read more

(Dave Bedard photo)

ICE weekly outlook: Growers hanging onto supplies

CNS Canada — ICE Futures Canada canola contracts chalked up gains for the week ended Wednesday, as farmers hung onto supplies in the quest to draw out better prices. The January canola contract was the most consistent mover, finishing higher for the seventh consecutive session on Wednesday. Either “producers are not selling it or the […] Read more

(Dave Bedard photo)

Canola basis levels seen hanging steady

CNS Canada — Despite a turbulent start to the week for most commodities due to China’s stock market crash, basis levels for canola remain relatively attractive in Manitoba and much of the Prairies, according to an industry watcher. Canola growers have been receiving cash prices of roughly $10.50 in Manitoba and parts of Saskatchewan, said […] Read more

(Dave Bedard photo)

Canola cash market lagging strength in ICE futures

CNS Canada — ICE Futures Canada canola futures have strengthened recently, but the western Canadian cash market for canola hasn’t followed along. Farmers “keep telling me that the futures go up, but the basis isn’t keeping pace,” said Keith Ferley of RBC Dominion Securities. Some locations, he added, have widened out basis levels so much […] Read more