GFM Network News

ICE Futures May 2020 canola (candlesticks) and CBOT May 2020 soybean oil (yellow line). (Barchart)

ICE weekly outlook: Canola gains strength at midweek

MarketsFarm — After showing considerable weakness in prior trading sessions, canola contracts tried to regain some ground at midweek. Ken Ball of P.I. Financial in Winnipeg said canola was oversold due to bearish sentiments from outside markets earlier in the week, but prices were steadily bouncing back. Nearby ICE Futures canola was down Monday by […] Read more

CBOT July 2020 soybeans (candlesticks) with NYMEX July 2020 WTI crude oil (blue line). (Barchart)

CBOT weekly outlook: Crude volatility holds down corn, soy

MarketsFarm — Hit by an unprecedented crash in North American crude oil prices, particularly this week, corn and soybeans have struggled at the Chicago Board of Trade, according to Terry Reilly of Futures International. As the May contract for West Texas Intermediate (WTI) wrapped up earlier this week, it crashed so badly its price turned […] Read more