ICE January 2021 canola with 20-day moving average (yellow line) and CBOT January 2021 soymeal (green line). (Barchart)

ICE weekly outlook: Bull market in canola’s grasp

That said, watch for cracks in demand side of equation

MarketsFarm — Canola is deeply in the hold of a bull market that could push nearby contracts to $575-$580 per tonne, according to Errol Anderson of ProMarket Communications in Calgary. “A bull market always needs to be fed and it keeps getting fed,” Anderson said, referencing the November supply and demand report from the U.S.

A street scene in Shanghai. 
China’s vast population makes 
food security an issue for it and 
an opportunity for Canada.

Canada and China have reasons to re-engage on agricultural trade

China needs reliable food sources and Canada needs reliable agriculture markets, new report argues

It might not seem like it, but Canada and China need each other, which could be an opening to re-engage with Canada’s second-largest agricultural export customer, says a new report from the Canada West Foundation (CWF). In many ways it’s an obvious match. Canada consistently produces a lot more food than it consumes so it


Agricultural commodities and agri-foods account for one-third of Canada’s total exports to China.


Why the Chinese market is so critical to Canadian farmers

Trading with China is important for Canada, but especially for its farmers. China is Canada’s second-biggest export market for agricultural goods behind the United States, says a recent report from the Canada West Foundation. “The significance of this growing trade with China is of particular concern for Western Canada which ships close to two-thirds of

Can China be trusted on trade?

China is an important export customer for Canadian agricultural products, but can it be trusted? After the arbitrary arrest in December 2018 of two Canadians, Michael Spavor and Michael Kovrig, many Canadians would answer no. China using non-tariff trade barriers to cut back on Canadian canola seed, soybean and pork imports in 2019-20, added to


Louis Dreyfus’ oilseed processing plant at Yorkton, Sask. (LDC.com)

Louis Dreyfus to gain first outside investor

Abu Dhabi's ADQ fund to acquire indirect 45 per cent stake

Paris | Reuters — Louis Dreyfus Co. (LDC) has agreed to sell a 45 per cent stake to Abu Dhabi’s ADQ, the companies said on Wednesday, the first outside investment in the family-owned commodity merchant’s 169-year-old history. The deal comes after a search by chairwoman Margarita Louis-Dreyfus for an investor to relieve debt built up

“Agriculture has to be in the centre of the relaunch of our economy... “ – Marie-Claude Bibeau.

Agriculture seen as engine of recovery for Canada

Bibeau touts more exports, regional supply chains and processing

Minister of Agriculture Marie-Claude Bibeau says Canadian agriculture will be the “powerhouse of the economy” as the country recovers from the COVID-19 pandemic, pointing to specific opportunities for the industry to grow. During a virtual “fireside chat” at the International Economic Forum of the America’s Toronto event on Oct. 27, Bibeau expressed optimism over export



CBOT January 2021 soybeans (candlesticks) with ICE January 2021 canola (yellow line). (Barchart)

U.S. grains: Soybeans hold near four-year high

Focus shifts to Tuesday's USDA report to gauge tightening supply

Chicago | Reuters — Chicago soybean futures held near a four-year high on Friday as Brazilian dryness and strong demand from leading importer China kept the market focused on the prospect of tightening supplies. Corn and wheat dipped but were underpinned by weather risks and Chinese-fueled international demand. The most-active soybean contract on the Chicago


Meg Stuedemann, an organic farmer southwest of Minneapolis at Belle Plaine, Minn., stakes out her position ahead of the Nov. 3 U.S. 
election, the outcome of which may further sway commodity markets.

Broad commodity sell-off sweeps canola off perch

Recent upticks in COVID-19 cases have jarred outside markets

All good things will eventually come to an end — and it looks like that was the case in the canola futures market the last week of October. The steady uptrend that was in place all through the summer and for most of the fall may have finally reached its upper limits, with the multi-year