GFM Network News

ICE July 2021 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, dark yellow and green lines). (Barchart)

ICE weekly outlook: For canola, the only certainty is volatility

"The market has to feel comfortable there’s a crop on the way"

MarketsFarm — After starting this week with losses, canola bounced back with back-to-back gains, raising prices by more than $20 per tonne for old-crop after falling back $4-$5 on Monday. Errol Anderson, an analyst with ProMarket Communications in Calgary, emphasized there will be a good amount of volatility in the markets, with wide swings possible

(Photo courtesy Canola Council of Canada)

U.S. investor to buy Prairie canola ‘streaming’ firm

All-cash deal offers $97.5 million for Input Capital

A U.S. investor has stepped forward with an all-cash bid for the Regina company that brought “streaming” to the Prairie canola marketing business. Input Capital, which in February last year began to review options such as a sale or merger to “enhance shareholder value,” said Wednesday it has a deal to sell all of itself

Opinions are divided on how much canola Canada’s farmers will put in the ground this spring, ahead of Statistics Canada’s acreage survey due out May 7.

Canola trends higher against pandemic tides

Markets are keeping an eye on the state of last fall’s snowed-under crops

The ICE Futures canola market was relatively strong during the last week of April, despite the global pandemic that continued to roil most outside markets. The July canola contract trended higher all week, moving off of major lows in the process. From a chart standpoint, July canola sees support around $450 per tonne, with the

Snowbound farmers’ reduced sales drag on canola values

Unfounded intel suggesting a breakthrough on the canola ban was briefly supportive

Cold spring temperatures and a late snowstorm depressed canola markets during the week ended April 3. While nearby contract prices started the week with relative strength, that petered out by midweek when an impressive amount of snow fell in eastern Saskatchewan and western Manitoba. That, combined with cold temperatures, discouraged some farmer selling and sidelined some trading activity. Earlier in the week,

Tourists take a selfie in front of Rome’s Trevi Fountain on Jan. 31 after two cases of novel coronavirus 2019-nCoV were confirmed in Italy.

Canola drops as coronavirus outbreak rattles commodities

A lower loonie makes Canadian crops relatively attractive overseas

Canola values incurred sharp losses during the week ended Jan. 31, steadying only slightly at mid-week thanks to support from the Canadian dollar. Headlines have been dominated by the rapidly spreading coronavirus outbreak, which originated in the Chinese city of Wuhan. As of Jan. 31, nearly 10,000 cases have been reported, and over 150 lives lost. Financial and