As the Canadian canola industry remained braced for whatever may come from China in regard to tariffs, a sharp blow to the oilseed arose from a much different source. United States President-elect Donald Trump threatened Canada and Mexico with 25 per cent tariffs on their goods imported by the U.S. effective Jan. 20, the day he’s sworn in.
ICE Canada Weekly: Uncertainty weighs on canola
Australia, EU canola prices rally as adverse weather crushes supply
Canadian prices will have to rise to ration demand, analyst says
Canola oilseed prices in Australia and Europe have risen by around 20 per cent since the start of March due to tight supply and a rally in vegetable oil markets, with further gains expected as buyers remain reluctant to switch to cheaper soybeans.
Canadian agriculture minister visits China
MacAulay in China week of Nov. 11
The Canadian government confirmed on Nov. 19 that Agriculture and Agri-Food Minister Lawrence MacAulay met with Chinese officials to discuss the canola trade between the two countries. This came about a week after rumours in the media began swirling about the trip.
ICE Canada Weekly: Sideways trading likely until Trump sworn in
Uncertainty over policies of president-elect
As to where canola and other grains go in the coming months is somewhat uncertain, said analyst Wayne Palmer of Exceed Grain in Winnipeg. He pointed directly at the incoming Trump administration in the United States and the policies the president-elect has been touting.
Canola market hinged on rumours and reaction
Some hot gossip affected canola market sentiment in October
Reading Time: 2 minutes Some hot gossip affected canola market sentiment in October
Tariff fears trigger Chinese buying
With this spectre looming over Canadian canola, Chinese buyers are front loading their purchases
Reading Time: 2 minutes With tariff threats looming over Canadian canola, Chinese buyers are front loading their purchases.
ICE Weekly: Malaysian palm oil supports canola prices
Rising Malaysian palm oil prices gave canola prices a lift during the week ended Oct. 30, 2024.
Canola goes bullish
A few factors have lined up to improve the outlook for canola
Reading Time: 2 minutes Canola futures markets have improved by about $100 per tonne over the past month, trading in mid-October at their highest levels since the end of July.
Production concerns drive canola market
Output likely below StatCan estimate but StatCan and USDA remain stubbornly optimistic
Reading Time: 2 minutes An analysis of the factors pushing Intercontinental Exchange canola futures upward.
ICE Weekly: Production uncertainty, forthcoming Chinese action fueling canola’s upswing
January contracts climbs $36/tonne
Buyers for China and others scooping up as much canola as they can, fueling hike in Intercontinetal Exchange canola futures.
Cyber-Savvy Farmer
