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Canola

A lot of unharvested canola and wheat acres stayed behind on Manitoba fields over the winter due to poor harvest weather last fall, but what remained this spring may not be all that bad.
Crops, News

Most unharvested canola still has value: MASC

The quality of much of Manitoba’s overwintered wheat was worse than expected

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Most of the unharvested, insured crop in Manitoba fields is still worth harvesting, according to the Manitoba Agricultural Services Corporation (MASC). “We feel we’ve addressed the (insured) fields that everybody agrees aren’t worth combining,” David Van Deynze, MASC’s vice-president of innovation and product support said in an interview May 21. There are anecdotal reports of farmers frustrated with MASC for
An artists’ rendition of the Merit Functional Foods plant under construction in Winnipeg. (Meritfoods.com)
Crops

Plant protein processor backed for expansion

Lenders arrange up to $85 million for Merit Functional Foods

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The money has been lined up to fund a major expansion for a Winnipeg pea and canola protein processing plant that’s still being built. Merit Functional Foods Corp. announced May 4 it has secured a debt financing package of up to $85 million from “a syndicate of lenders” including Export Development Canada, Farm Credit Canada
Huawei chief financial officer Meng Wanzhou leaves her family home in Vancouver in this May 8, 2019 file photo. (Photo: Reuters/Lindsey Wasson)
Crops

Huawei extradition ruling could unleash more Chinese backlash

More punitive trade measures expected

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Ottawa | Reuters — A British Columbia court ruling that could permit the extradition of a senior Huawei executive to the U.S. leaves Canada vulnerable to further retaliation from Beijing, analysts said. Huawei chief financial officer Meng Wanzhou on Wednesday lost a challenge to a U.S. bid to extradite her to face bank fraud charges,
Manitoba’s Agriculture Department reported seeding at about 42 per cent complete at the end of the second week of May, down from the three-year average of about 55 per cent.
Grain Markets, Markets

Canola futures run up into resistance

Canola’s downturn likely followed declines in CBOT soybeans and soyoil

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After grinding higher for most of the past month, the ICE Futures canola market ran into resistance and took back a large portion of those gains during the week ended May 22. The July contract traded just below resistance around the 100-day moving average, near $475 per tonne, for a number of days before finally
A question often coming into sharp focus is the cost of becoming overly reliant on China as a trading partner.
Editorial, Op/Ed

Editor’s Take: China is our greatest ‘frenemy’

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In recent years it has become increasingly apparent that China makes its own rules when it comes to trade. Its 2002 membership in the World Trade Organization is an excellent example. The rest of the world agreed to give China open access to markets, ostensibly in exchange for similar access to China’s. One can hardly
An Australian farmer unloads barley at a farm near Gunnedah, 275 miles northwest of Sydney.
News

Australian barley farmers, Canadian canola growers share Chinese nemesis

China is Australia’s biggest malting barley market, but Chinese tariffs will all but stop Australian barley imports. Sound familiar?

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Australian barley farmers and Canadian canola producers are on opposite sides of the world, but share a common blight: China, once their best customer is now a hostile adversary, accused of letting geopolitical goals sideline international trade rules. May 19 China, which accounts for two-thirds of Australia’s malting barley exports, imposed an 80.5 per cent

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