A new trade war front opened over the weekend as China announced stiff tariffs on Canadian canola oil, meal, peas, pork and other commodities late Friday. Canadian industry groups decried the move and are calling on the federal government to intervene.
New Chinese tariffs “devastating” to Canadian ag sector
Ag groups decry latest trade action
Tariffs roil Canadian grain markets
About the only certainty these days is there is going to be more uncertainty
U.S. trade policies continue to impact agrictultural futures, and politics appear to remain the driving force behind grain and oilseeds markets for the foreseeable future.
New initiative to promote farmer mental health launched
Collaborative solutions wanted
The Canadian government is looking for new ways to help the mental health of farmers across the country — and has launched the Producer Mental Wellbeing Initiative (PMWI) to find "collaborative solutions that employ novel strategies" to do just that.
ICE canola weekly outlook: Politics in the forefront
Trade war weighs on canola prices
Canola contracts on the ICE Futures platform fell sharply lower in early March, as broad import tariffs in the United States went into effect and Canada announced its own retaliatory measures.
Spring flood risk low to moderate in Manitoba: Report
Outlook depends on spring weather
Most of Manitoba is at a low to moderate risk of spring flooding this year, according to the latest outlook from the province's Transportation and Infrastructure's Hydrologic Forecast Centre.
Net long position hits new record in canola futures
Funds put on new bullish bets, cover shorts
Heavy amounts of fund buying coupled with speculators covering short positions saw the net long position in canola futures hit a new record during the week ended Feb. 18.
Tariff talk, volatility make market forecasts like drinking from a fire hose
The chaotic musings from U.S. President Donald Trump’s administration can mean making sense of markets is nearly impossible
A lack concrete news on the tariff front during the week was generally deemed as supportive in the grain and oilseed futures markets as canola and corn traded higher.
AAFC adjusts grain/oilseed balance sheets slightly
Canola carryout revised higher, wheat down
Updated estimates from Agriculture and Agri-Food Canada, released Feb. 19, included only minor revisions to the supply and demand projections for the country’s major crop.
Funds move to large net long position in canola
First net long since 2023
Speculative fund traders moved to a net long position in canola for the first time in one-and-a-half years, as they covered short positions and put on fresh bullish bets in early February, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Prairie spring wheat bids dip with U.S. futures, rising loonie
Durum steady
Hard red spring wheat bids in Western Canada moved lower during the week ended Feb. 13, as losses in the United States futures and strength in the Canadian dollar weighed on values.
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