MarketsFarm — To some who follow commodities markets, it was clear some other participants had overreacted to the news of China banning canola imports from Viterra. Bruce Burnett of MarketsFarm was one of those who saw Canadian exports of canola to China have pretty much dried up since January. That came a few weeks after […] Read more
ICE weekly outlook: China’s canola issues already well known
ICE: Canola weakens on fresh China concerns
Chicago | Reuters — ICE Canada canola futures dropped on Tuesday after China, the top buyer, expanded its ban on Canadian canola seed imports. China’s ban now includes shipments from Viterra, the latest development in a wider trade dispute between the two countries. May canola futures ended $5 lower at $451.70 per tonne. The contract […] Read more
China’s ban on Canadian canola expands to Viterra
Beijing/Ottawa | Reuters — China expanded its ban on Canadian canola seed imports on Tuesday to include shipments from Viterra, the latest development in a wider trade dispute between the two countries. Viterra is the second canola exporter to have its registration cancelled, after Beijing halted shipments from top exporter Richardson International earlier this month. […] Read more
Growers fear a China crisis over canola
Farmers are worried but quiet diplomacy is the best option, says Alberta Canola official
Reading Time: 3 minutes Wait and hope. And test. That’s about all Alberta canola growers can do as what appears to be political gamesmanship by China plays out. News that Canada’s biggest buyer of the oilseed had cancelled Richardson International’s registration to ship canola prompted worried producers to call the Alberta Canola Producers Commission. “At first it was kind of […] Read more
Canola fund short position continues to grow
MarketsFarm — Fund traders remained on the short side in the ICE Futures canola market during the week ended Tuesday, adding to their large net short position, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). According to the latest report, managed money and other reportable speculators […] Read more
Trudeau optimistic about making progress to end China canola ban
Ottawa/Chicago | Reuters — Canada is optimistic it can make progress this year in talks to persuade China to allow imports of Canadian canola seed to resume, Prime Minister Justin Trudeau said on Friday, even as tensions between Ottawa and Beijing reach new highs. Trudeau spoke hours after an industry group said Chinese importers had […] Read more
Monthly Canadian canola crush well below average
MarketsFarm — Canada’s monthly canola crush hit its lowest level in 1-1/2 years in February, according to the latest crushing data from Statistics Canada. The agency reported that 635,526 tonnes of canola were crushed in February 2019. That was down by nearly 200,000 tonnes from the January level and compares with the monthly average over […] Read more
China stops buying Canadian canola
China has stopped buying any Canadian canola, says Canola Council of Canada president Jim Everson. “The Chinese are unwilling to purchase Canadian canola (from any company) at this time,” he said Thursday. “Trade that was executed earlier is continuing. New sales are what appears to be affected.” Earlier this month China blocked canola imports from […] Read more
Wind seems to be the clubroot culprit in Manitoba
Researcher urges producers to watch for early infestations and get on them quickly
Reading Time: 3 minutes It looks like clubroot is moving a bit differently on the east side of the Prairies. In Alberta, clubroot is showing up a lot at field entrances (in 90 per cent of the infected fields, according to one study), which suggests equipment is the main culprit in its spread. It’s a similar pattern in Saskatchewan […] Read more
ICE weekly outlook: Little to sustain canola bids in bear market
MarketsFarm — Although there will be some bounces in ICE canola futures, there is very little currently to sustain any increases in bids, according to Errol Anderson of ProMarket Communications. While the market has stabilized for the time being, it’s technically oversold, Anderson said. The market can rebound $5-$10 per tonne, he said, but it’s […] Read more
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