MarketsFarm — Canadian canola carryout stocks are forecast to rise to a record 5.3 million tonnes by the end of the 2019-20 marketing year, more than doubling the previous five-year average, according to updated estimates from Agriculture and Agri-Food Canada’s market analysis division. While the department, in its estimates, expects total canola production to decline […] Read more
Huge increase predicted in canola ending stocks
ICE weekly outlook: Little for canola bids to stand on
MarketsFarm — There wasn’t much available to sustain a bounce in canola prices, from where David Derwin sits. “It’s really tough to say. We had canola drop so much over the last couple of months and sometimes it’s ‘buy the rumour, sell the fact,’” said Derwin, a commodities portfolio manager with PI Financial in Winnipeg. […] Read more
Cereal crops to grab more Alberta real estate
Reading Time: < 1 minute Alberta farmers are at the head of the pack in reducing canola acres, according to Statistics Canada’s latest survey. Canola acres are forecast to drop 6.6 per cent nationally, but producers here plan to cut seedings by 10.6 per cent (to 6.09 million acres versus 6.81 million a year ago), says StatsCan. While total wheat […] Read more
Canada needs ‘reset’ on China, Scheer says
Ottawa | Reuters — Canada’s opposition leader on Tuesday attacked Prime Minister Justin Trudeau for being too soft on China and said there needs to be a “total reset” on relations with the Asian powerhouse. Conservative Party leader Andrew Scheer spoke amid an escalating diplomatic dispute that has followed Canada’s arrest of Huawei Technologies chief […] Read more
Fed-up Canada tells U.S. to help with China crisis or forget about favours
Ottawa | Reuters — Canada is leaning on the United States to help settle a dispute with China, which has started to block imports of vital Canadian commodities amid a dispute over a detained Huawei executive. In a sign of increasing frustration at what it sees as a lacklustre U.S. response, Prime Minister Justin Trudeau’s […] Read more
Canada ‘playing chess’ on canola file
MarketsFarm — Canola seed sales to China remain at a standstill with little fresh news to report, according to a Canola Council of Canada briefing to farmers held Friday morning together with federal International Trade Diversification Minister Jim Carr. However, efforts on a number of fronts are ongoing, as Canada works to resolve the issue. […] Read more
United effort to overturn China’s canola ban, say industry leaders
Call for action has been heard ‘loud and clear,’ but there are no quick fixes, warn canola groups
Call for action has been heard ‘loud and clear,’ but there are no quick fixes, warn canola groups
Reading Time: 4 minutes Industry leaders say Ottawa is acting on farmers’ concerns, but are warning there won’t be a quick resolution to China’s de facto ban on Canadian canola seed imports. “Several actions have been taken by both industry and government in addressing this issue in the past month,” Canola Council of Canada president Jim Everson said during […] Read more
APP pumped up, AgriStability deadline extended against China canola ban
The federal Advance Payments Program’s loan limits and interest-free portions will be raised and the deadline for AgriStability enrolment extended in a bid to help Canadian canola growers with cash flow. Agriculture Minister Marie-Claude Bibeau and International Trade Diversification Minister Jim Carr on Wednesday announced the expansions and extensions along with plans to engage other […] Read more
Canada promises farm aid amid China canola spat
Ottawa/Winnipeg | Reuters — Canadian Prime Minister Justin Trudeau on Tuesday said Ottawa would soon announce help for canola farmers hurt by a China ban on imports of the oilseed but brushed off calls to pull funding for a Chinese-led investment bank. China and Canada are locked in a diplomatic and trade dispute that has […] Read more
Canadian farm exports hit new Chinese obstacles amid diplomatic dispute
Winnipeg/Beijing | Reuters — An expanding list of Canadian farm exports is hitting obstacles at Chinese ports, leaving sellers of soybeans, peas and pork scrambling amid a bitter diplomatic dispute. China has already blocked Canadian canola from Richardson International and Viterra, two of Canada’s biggest farm exporters, saying that shipments had pests. Other China-bound canola […] Read more