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U.S. President Donald Trump (r) and Vice-President Mike Pence meet with Congressional leadership Dec. 7 in Washington. (Video screengrab from WhiteHouse.gov)
Crops

Trump open to biofuel policy reform, senators say

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Washington | Reuters — U.S. President Donald Trump is open to reforming the country’s biofuels policy if it can be done in a way that protects jobs in both the refining and agriculture industries, senators said on Thursday after a meeting with Trump on the issue. Nine lawmakers had requested the meeting to argue that
StatsCan jobs data drags on canola as loonie jumps
Grain Markets, Markets

StatsCan jobs data drags on canola as loonie jumps

New StatsCan crop estimates may provide some direction

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ICE Futures Canada canola contracts chopped around within a wide range over the course of the week ended Dec. 1, but finished that Friday on a soft note. The late weakness in canola was a direct result of a rally in the Canadian dollar. The currency itself had been under pressure for most of the
Editorial, Opinion

Editorial: Rotation, rotation and rotation

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In the early 1980s, the wheat board developed an idea called the Market Assurance Plan (MAP). That was back when there were perennial transport bottlenecks and the whole crop could sometimes not move by the end of the crop year. Even if it could move in total, it could be feast or famine for supply
(File photo courtesy Canola Council of Canada)
Crops, Markets

Canola stocks look less tight in StatsCan report

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CNS Canada — Canadian farmers grew a record amount of canola in 2017, despite weather concerns, according to updated production estimates on Wednesday from Statistics Canada. The agency pegged production in 2017-18 at 21.3 million tonnes, up from the September estimate of 19.7 million and last year’s total of 19.6 million. The rise in production
Canola south of Ethelton, Sask. on Aug. 3, 2017. (Dave Bedard photo)
Crops, Markets

Larger crops expected in StatsCan report

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CNS Canada — Canada’s canola and wheat production likely ended up larger than earlier expectations, but just how much more remains to be seen, as industry participants await the Statistics Canada production report due out Wednesday. “The finish seemed to be better than what the weather looked like earlier in the year,” said Neil Townsend
News, Oilseeds

Organization in Canada, China, sign memorandum

Canola Council of Canada touts benefits of canola oil and meal during trade mission to China

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The Canola Council of Canada is celebrating a new memorandum of understanding after wrapping up a trade mission to China. Speaking from Beijing, canola council president Jim Everson emphasized the importance of the Chinese market for Canadian canola producers and processors. “We are just at the end of what we think is a very successful
Oilseed Rape Pods
Grain Markets, Markets

Canola values slip lower in U.S. traders’ absence

Traders are largely gun shy while waiting on StatsCan data

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It was a sluggish week for ICE Futures Canada canola prices as the U.S. Thanksgiving holiday sent traders to the sidelines. Markets in the U.S. were closed on Thursday and had limited hours on Friday. The front-month January contract chopped around between the $514 and $520 marks for the beginning of the week ended Nov.

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