GFM Network News

Financial markets’ attention in the past week was diverted by a “short squeeze” on shares in GameStop, a chain of bricks-and-mortar video game stores such as this one in New York City’s Jackson Heights area, shown on Jan. 27.

Tight canola supplies could perhaps cause ‘short squeeze’

Volatile ICE March canola punched above $700 briefly last week

The ICE Futures canola market went for a wild ride during the last week of January, hitting levels not seen in nearly 13 years before profit-taking took a bite out of the upside. The nearby March contract rallied sharply for three straight sessions, eventually hitting a high for the move of $724.50 per tonne. The last time canola was

Unusually warm temperatures for this time in November have kept farmers’ attention off selling their crops, in turn pushing canola prices higher.

Canola gets bounce off soybeans’ gains

Uncertainty also continues over U.S. soybean acreage

ICE Futures canola made significant gains during the week ended Nov. 5, after starting the week in the red. Canola prices started the week at $534.90 per tonne, with the January contract losing over $7 per tonne. However, unseasonably balmy weather and support from comparable vegetable oils gave prices a much-needed boost throughout the week, and the January

Take a wide view to understand canola pricing

Take a wide view to understand canola pricing

Canada is a big canola producer but it’s the wider world oilseed market that bears watching

Where are canola prices going this fall?’ That’s been a common question, both this year and in years past. Many factors from around the world combine to affect canola prices. From production science, to consumer trends, to shipping and logistics, from new product uses, government regulations and trade barriers, to commodity substitutability — all affect the marginal supply

Canola holds steady as seeding gets underway

Canola holds steady as seeding gets underway

Crude oil pressures and potential for major soy exports weigh in on trading

Canola prices held steady during the week ended May 15, despite turbulence from outside markets. Nearby canola contracts started the week at $471.30 per tonne and traded on either side of unchanged for consecutive trading sessions during the week. On May 14, the July contract closed at $470.70 per tonne. July soyoil dropped by about

Crude oil tanks at Kinder Morgan’s Sherwood Park, Alta. terminal on Nov. 14, 2016. Soyoil, a bellwether for canola, is closely connected to world crude oil prices.

Canola futures remain steady amid pandemic

Their alignment with soyoil ties canola values to crude oil’s fortunes

Despite turmoil around the world due to the COVID-19 pandemic, canola prices didn’t change much from week to week. ICE Futures’ May canola contract closed March 20 at $461.70 per tonne; by March 26, May canola was at $462.80 per tonne. Fuelling that steadiness has been soyoil on the Chicago Board of Trade (CBOT). Closely