MarketsFarm — Canadian canola exports in 2019-20 should beat earlier forecasts, according to updated supply/demand estimates from Agriculture and Agri-Food Canada released Friday. While the improved exports will cut into ending stocks, the carryout is still forecast to be record-large. Citing a seasonal weather market rally and expectations for an increase in prevent planting acres […] Read more
Canola export forecast raised for 2019-20
Cash advance boost to take effect next week
Regulations permanently expanding loan limits under the federal Advance Payments Program — and temporarily boosting interest-free advances for canola growers — are in place for applications to begin next Monday at the earliest. Agriculture Minister Marie-Claude Bibeau said Monday amendments to the Agricultural Marketing Programs Regulations are now in place to boost the APP loan […] Read more
Dealing with the canola crisis on your farm
Controlling costs, marketing plans, and finances should all be on your radar
Reading Time: 5 minutes No one can predict what China will do next when it comes to Canadian canola. There are certain things that you can do on your farm, but producers face some tough decisions when it comes to deciding what to spend on inputs, when to pull the trigger on sales, and whether to take a large […] Read more
Joint conference brings canola producers up to speed
MarketsFarm — The Canola Council of Canada (CCC) and the Canadian Canola Growers Association (CCGA) have given farmers an update on the current situation between Canada and China. The 38-minute joint webinar/teleconference last Thursday (April 18) featured CCC president Jim Everson and CCGA executive director Rick White. Everson made it clear China is still honouring […] Read more
ICE weekly outlook: Canola bearish with or without China
MarketsFarm — ICE Futures canola contracts saw a modest correction off of major support over the week ended Wednesday, but the longer-term trend remains pointed lower with large old-crop supplies and uncertain export prospects overhanging the market. Canadian canola exports to China are effectively non-existent right now, with the absence of that major customer casting […] 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
China blocks some Richardson canola shipments
Beijing/Kabul | Reuters — China has canceled Canadian agribusiness Richardson International’s registration to ship canola to China, the company said on Tuesday, the latest sign of tensions between Ottawa and Beijing. It was not immediately clear why exports to China by Richardson, the world’s top importer of canola, had been halted. Canada and China are […] Read more
Weekly canola exports pick up
Weekly Canadian canola exports hit their highest level in more than two months during the week ended Sunday, helping narrow the gap between this year’s export pace and the year-ago movement. Canola exports of 268,500 tonnes during week 26 of the crop year were roughly double the previous week’s total and the largest movement in […] Read more
ICE weekly outlook: Weak export data holds back canola market
The Canadian dollar and vegetable oil are the main supports for canola contracts on the futures markets, but sluggish exports are holding it back from further gains, said a market analyst. Other than being down on Monday, canola has finished up in five of its last six sessions, according to Pro Farmer Canada’s Mike Jubinville. […] Read more
Canadian canola demand off year-ago pace
CNS Canada — Canadian canola exports and domestic usage are both falling behind the year-ago pace, according to the latest Canadian Grain Commission data. Canada exported only 63,700 tonnes of canola during the week ended Jan. 6, according to the report. That compares with the average weekly movement during the crop-year-to-date of about 200,000 tonnes. […] Read more
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