GFM Network News

Some soy is still out in the fields – now locked in snow – waiting for harvest, as seen here in a photo taken in the Interlake on Oct. 3.

Hamstrung harvest operations supportive for canola values

Son-of-NAFTA lifts the Canadian dollar, weighing on exports

Stalled harvest progress across Western Canada saw canola prices move steadily higher on the ICE Futures platform for most of the week ended Sept. 28. While cool and wet conditions should remain a supportive factor as long as they persist, activity in the Chicago soybean complex could override any weather-related strength. Manitoba farmers got most

corn harvesting

Fundamentals, trade fights help hold canola rangebound

StatsCan’s production report from space has little impact

The ICE Futures canola market continued to chop around unchanged during the week ended Sept. 21, buffeted by a conflicting mix of trade wars, weather issues, spillover losses in soybeans and harvest pressure. The $50-per-tonne level seems like a distant memory these days, as canola was content to hang above the $485 mark in the

StatsCan data lifts, U.S. soy drags on canola futures

StatsCan data lifts, U.S. soy drags on canola futures

Trade talks add volatility on the Canadian dollar

Canola futures found themselves in a sea of volatility during the week ended Aug. 31 as trade negotiations, an improving weather situation across Western Canada and a key report by Statistics Canada took turns pulling futures up and down. The government agency, in its Aug. 31 report, estimated Canadian canola production at 19.2 million acres,

Expectations for U.S. crops likely to drag on canola market

Expectations for U.S. crops likely to drag on canola market

New crop estimates are due out from StatsCan next week

ICE canola contracts moved higher during the week ended Aug. 17, although the market remains rangebound overall with seasonal harvest pressure and a large U.S. soybean crop likely to temper the upside going forward. From a chart standpoint, the November contract remains stuck in a $50 range between $475 and $525 per tonne. Statistics Canada

Some buyers have stepped back from the market, awaiting new-crop supplies when they know prices will be cheaper.

Canola finds independent strength against soybeans

The switch from Winnipeg to New York weighed on volumes

Canola futures held up surprisingly well during the week ended August 10 as a heat wave in the Canadian Prairies overpowered the bearish effects of a U.S. Department of Agriculture report that predicted a record soybean crop in the U.S. ICE’s front-month November canola contract closed on Friday, Aug. 10 at $504.90 a tonne, over

Farmers may be hesitant to plant soybeans next year due to market uncertainties related to the U.S.-China trade war, and if so, this could mean more corn acres and a potential glut in the market in 2019.

Opinion: Corn may be an unintended trade war victim in 2019

Wheat is also likely to see the effect of a stampede out of beans

U.S. corn supply is predicted to plunge by 23 per cent over the next year, but the tighter domestic market may be a short-lived phenomenon pending the resolution of the U.S.-China trade war. The world’s two largest economies have been embroiled in a trade battle in which Beijing hit U.S. soybeans with a 25 per

Bags Of Money On A Farm Field

Canola bid continues to see gains

Slow sales from farms and weather issues are causing the market to tick upwards

ICE Futures canola contracts chalked up gains during the week ended August 3, underpinned by concerns about excess dryness in Western Canada. Southwest Saskatchewan and southern Alberta are both in need of more rain as crops there remain under heat stress. Temperatures are expected to stay hot during the first week of August. This has

Expect supply outlook to keep canola futures well tethered

Expect supply outlook to keep canola futures well tethered

A federal forecast predicts more canola exports in 2018-19

ICE Futures Canada canola contracts moved higher for most of the week ended July 20, before running into resistance and ending with a softer tone on Friday. A recovery in the Chicago soy complex provided some underlying support for the Canadian oilseed, but canola remains expensive from a chart perspective. World trade continues to keep