GFM Network News

ICE October 2018 canola, with Bollinger (20,2) bands. (Barchart)

ICE weekly outlook: Canola still watching soy, weather

CNS Canada — ICE Futures canola contracts moved off their nearby lows over the week ended Wednesday as persistent harvest delays provided support. Additional strength, however, may be dependent on movement in the Chicago soybean market. “Soybeans will be the driving force behind which way canola futures go,” said commodities investment advisor David Derwin of […] Read more

A canola field in northwestern Saskatchewan on Oct. 5, 2016 after the area was blanketed by wet snow.  (Lisa Guenther photo)

Canadian wheat, canola crops seen weathering snow

Winnipeg | Reuters — Canada’s wheat and canola crops withstood wintry weather that stalled the autumn harvest, and production topped last year’s output, according to Reuters’ industry survey of 13 analysts and traders. Statistics Canada on Tuesday will issue its final crop production estimates for the 2016-17 marketing year. The industry expects, on average, all-wheat […] Read more