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
Growers fear a China crisis over canola
Farmers are worried but quiet diplomacy is the best option, says Alberta Canola official
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
Fund short position climbs in canola
MarketsFarm — Fund traders were active 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 increased their net […] Read more
ICE weekly outlook: Trade among issues hurting market
MarketsFarm — ICE canola futures are in trouble for a number of reasons, according to Exceed Grain senior marketing analyst Wayne Palmer. “We’re in a lot of trouble unless Trump signs this deal with China,” he said. Reports have stated the U.S. and China will sign a trade agreement at the end of March. U.S. […] Read more
China forecasts rising soy imports to make up for less canola
Beijing | Reuters — China on Friday raised its forecast for soybean imports during the 2018-19 crop year to 85 million tonnes, up from 83.65 million in last month’s outlook, after the country’s customs agency suspended some imports of rival oilseed canola. China’s ministry of agriculture and rural affairs said in its monthly forecast on […] Read more
Canada working to end China’s canola block, Freeland says
Montreal — The Canadian government is working hard to reopen Richardson International’s Canadian canola markets in China, says Chrystia Freeland, Canada’s minister of foreign affairs. “We’re working closely with Canadian farmers and Canadian industry,” Freeland said in a brief interview after speaking at the Canadian Crops Convention (CCC) here Wednesday. “Our embassy is very focused […] Read more
ICE weekly outlook: China worries keep market trending down
MarketsFarm — Canola futures on the ICE Futures U.S. platform dropped sharply during the week ended Wednesday, hitting their lowest levels in 2-1/2 years. Concerns over declining Chinese demand sparked the latest selloff in canola amid news that the major canola-buying country had blocked shipments from Canada’s Richardson International. Canadian canola exporters have faced problems […] Read more