GFM Network News


ICE weekly outlook: Canola values steady after losses

Weaker loonie supportive for canola

MarketsFarm — Canola prices started the week plagued by reports of the rapidly-spreading coronavirus in China, but managed to shake off some of that resistance. At midweek, nearby ICE Futures canola contracts were between $461 and $470, after falling by over $8 on Monday. Crush margins have maintained strength, which supported canola values. Crush margins […] Read more

ICE weekly outlook: Farmers advised to price some new crop

ICE Futures canola contracts held within a narrow trading range during the week ended Wednesday, as participants await fresh market-moving news. While the sideways trading range could persist in the near term, an analyst said new-crop futures were at decent levels and encouraged farmers to do some forward pricing. The November canola contract settled Wednesday […] Read more











Canola charts looking bearish

CNS Canada –– ICE canola futures are looking bearish from a chart standpoint, with the November contract settling at its lowest point in more than two months on Monday at $485.70 per tonne. After declining about $25 per tonne over the past three weeks, the general trend still remains pointed lower, with the yearly lows […] Read more

ICE weekly outlook: Canola trades on weather

CNS Canada — It’s the time of year when canola prices closely follow the weather, and while recent rain has caused some losses, the market could hold onto its premium. “In some ways you could say it’s a classic weather market,” said Jon Driedger, senior market analyst at FarmLink Marketing. Prices had gained following dryness […] Read more