GFM Network News



At capacity, Roquette’s Portage la Prairie pea plant will be able to process 125,000 tonnes of yellow peas per year. (CNW Group/Roquette)

Pulse weekly outlook: Roquette plant now contracting organic yellow peas

Pricing to be at 'sustainable' level for growers

MarketsFarm — Roquette is now contracting for conventional and organic yellow peas for its new processing plant near Portage la Prairie, Man. After construction is finished at the end of 2020, the 200,000-square foot facility will work its way up to processing 125,000 tonnes of yellow peas per year. “We will be receiving peas in



ICE November 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: ‘Demand-pull’ environment supports canola

MarketsFarm — ICE Futures canola contracts moved higher during the week ended Wednesday, moving back toward the contract highs hit in September. Canola is pushing upside chart limits and modest corrections are likely going forward, but the fundamentals remain supportive and “the trend is up until further notice,” said analyst Mike Jubinville of MarketsFarm Pro.




ICE November 2020 canola (candlesticks) with 20- and 100-day moving averages and CBOT October 2020 soyoil (blue line). (Barchart)

ICE weekly outlook: Canola backs off two-year highs

MarketsFarm — ICE Futures canola contracts have shown weakness in recent trading sessions, after hitting two-year highs last week. The November canola contract, which closed Sept. 16 at $530.20 per tonne, has since lost over $10, closing Wednesday at $519.60. “Last week when canola moved up very strongly, it just sort of got ahead of

(File photo by Dave Bedard)

Funds’ net long keeps growing in canola

MarketsFarm — The fund net long position in canola continued to climb higher during the week ended Tuesday, as speculators continued to add to their bullish bets in the market, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders, as of Tuesday, were



(Dave Bedard photo)

Fund long position in canola hits new record

MarketsFarm — Fund traders added to their sizeable long positions in canola during the week ended Tuesday (Sept. 8), hitting the largest net long position in the two years of available data. The latest commitment of traders (CoT) report compiled by the U.S. Commodity Futures Trading Commission (CFTC) showed managed money fund traders were holding