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Canberra is close to an agreement with Beijing that would allow Australian suppliers to ship five trial canola cargoes to China, sources familiar with the matter said, a move towards ending a years-long freeze in the trade.

The National Farmers Union denounced the approval of the Bunge-Viterra merger in a statement released on Jan. 17. The NFU said the multi-billion dollar deal “effectively ends competition in Canada’s agricultural commodity sector,” as it creates the world’s largest agricultural commodity trader, and it will control 40 per cent of the Canadian grain market.

The path canola is to take as January turns to February has been marked by “extreme uncertainties,” explained broker Ken Ball of Ventum Financial in Winnipeg.

To Errol Andersson of Errol's Commodity Wire in Calgary, there's little doubt the Trump administration will press ahead with tariffs on Canada and Mexico.

Despite the trade war between the United States and practically every other country, canola prices were on the rise for the week ended April 9, 2025.

ICE Futures canola contracts climbed higher during the week ended May 14, hitting their best levels in 18 months as proposed changes to biofuel policies in the United States lent support.

While Statistics Canada reported more wheat was grown in 2024/25, canola production fell back as the agency issued its principal field crops report on Dec. 5.

Exports of Canadian oilseeds and grains for 2024/25 largely continued to be ahead of those a year ago, monthly data from the Canadian Grain Commission showed. Bulk exports through licensed facilities during the first three months of the current marketing year are more than 12.22 million tonnes, which compares with the approximately 10.33 million the same time last year.

Tariff threats from United States President Donald Trump have the canola market on edge.

The Canadian Grain Commission's monthly report on grain exports for August 2024 - the first month of the 2024/25 marketing year.