GFM Network News

ICE Canada Morning Comment: Canola prices back away again

More rain for Alberta, Saskatchewan

By Glen Hallick, MarketsFarm WINNIPEG, July 8 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were lower on Wednesday morning retreating from the previous day’s highs. There was slight weakness in the Chicago soy complex and Malaysian palm oil was lower. European rapeseed was higher to provide some support. Rain is forecast to fall across


ICE canola mostly higher at midday in quiet trade

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 7 (MarketsFarm) – The ICE Futures canola market was narrowly mixed at midday Tuesday, with a firmer tone in the most active months. Gains in Chicago Board of Trade soyoil and a slightly softer tone in the Canadian dollar provided some underlying support for canola, with crush margins showing

ICE Canada Morning Comment: Canola backing away from recent highs

Rain forecast for parts of Prairies

By Glen Hallick, MarketsFarm WINNIPEG, July 7 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were slightly lower on Tuesday morning. Due to resistance, the November contract has eased away from its psychological ceiling of C$480 per tonne. There’s weakness in Chicago soyoil, but strength in Malaysian palm oil. European rapeseed is up in the



ICE canola up at midday with weather concerns

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 6 (MarketsFarm) – The ICE Futures canola market was stronger at midday Monday, as weather concerns across North America provided support. Chicago Board of Trade soybeans and soyoil were both posting solid gains on their first trading day back after the Independence Day long weekend, as hot and dry


ICE Canada Morning Comment: Chicago soy pulling canola higher

Calmer weather for Prairies

By Glen Hallick, MarketsFarm WINNIPEG, July 6 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were higher on Monday morning. Support was coming from gains in the Chicago soy complex along with European rapeseed. Meanwhile, Malaysian palm oil was slightly lower. After a weekend of turbulent weather, the forecast is calmer at the start of


ICE Canola Midday: Prices weaker at midday

By Marlo Glass, MarketsFarm WINNIPEG, July 3 – ICE Futures canola contracts were lower at midday Friday, pressured by low trading activity as many market participants took the day off for Independence Day. Relative strength in the Canadian dollar also kept a lid on canola. The dollar was around 73.6 United States cents at midday.

ICE canola edges down in thin holiday trade

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 3 (MarketsFarm) – The ICE Futures canola market was posting small losses Friday morning in very thin and choppy activity. Markets in the United States are closed for the Independence Day long weekend and the lack of direction from the Chicago Board of Trade kept Canadian traders to the