GFM Network News

Canola crops in some spots on the Prairies are currently about a month away from swathing.

Despite bearish pressures, canola remains rangebound

Storms in some areas have built a weather premium into crop values

Canola on the ICE Futures exchange remained locked in a range during the week ended July 23. Canola prices started the week at $485.30 per tonne and were on either side of steady throughout the week. The November contract closed July 23 at $485.40 per tonne. By all accounts, canola prices held up to considerable

ICE canola mixed at midday Thursday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 30 (MarketsFarm) – The ICE Futures canola market was mixed at midday Thursday, as conflicting outside influences had the market seeing some consolidation after its recent gains. A weaker tone in the Canadian dollar and gains in Chicago Board of Trade soyoil provided some spillover support for canola. Solid

ICE canola futures: Prices higher Thursday morning

By Marlo Glass, MarketsFarm WINNIPEG, July 30 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were stronger on Thursday morning, due to follow-through buying from yesterday’s rally. Slight strength in Chicago soyoil also were supportive of canola prices. Nearby Chicago soyoil contracts were stronger by about a third of a cent in early morning trade.


ICE canola up with good demand

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 29 (MarketsFarm) – The ICE Futures canola market was stronger at midday Wednesday, as solid demand from both end users and fund traders provided support. Commercial buyers covering sales to Europe accounted for some of the strength, according to a broker. Fund traders adding to long positions were also


ICE canola futures: Prices slightly stronger Wednesday morning

By Marlo Glass, MarketsFarm WINNIPEG, July 29 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were steady to higher on Wednesday morning. Slight strength in Chicago soyoil was supportive of canola prices. Nearby Chicago soyoil contracts were stronger by about one fifth of a cent in early morning trade. Strength in the Canadian dollar kept


ICE canola drops with soybeans

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 28 (MarketsFarm) – The ICE Futures canola market was weaker at midday Tuesday, as sharp losses in the Chicago Board of Trade soy complex spilled over to weigh on values. Improving crop condition ratings from the United States Department of Agriculture sparked a selloff in soybeans, accounting for much


ICE canola futures: Prices lower Tuesday morning

WINNIPEG, July 28 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were lower on Tuesday morning, retreating from yesterday’s six-month highs. Losses in the Chicago soy complex were a negative influence on canola prices. Nearby Chicago soyoil contracts were weaker by about four tenths of a cent in early morning trade. Good growing conditions with

North American Grain/Oilseed Review: Canola continues higher

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 27 (MarketsFarm) – The ICE Futures canola market was stronger on Monday, closing at its highest levels in six months as chart-based speculative buying provided support. Mixed forecasts across the Prairies and the need to keep some weather premiums in the market added to the firmer tone, although conditions