Canola futures prices have just about recovered from the decline caused by the imposition of Chinese tariffs on canola meal and oil. Canola products sales to the U.S. continue without any tariffs.

ICE Canada Weekly: Canola in a good position

July contract to hit C$700/tonne, just when?

Canola futures are expected to climb higher on the Intercontinental Exchange in the coming weeks, commented Phil Speiss, trader with RBC Dominion Securities in Winnipeg. How quickly that happens is dependent on whether demand rationing kicks in or not.


The Canadian Grain Commission said Aug. 28 both dealer and primary elevator licences at Purely Canada Foods’ Saskatchewan facilities in Avonlea, Kindersley and Lajord had been pulled and farmers in all three prairie provinces could be owed money.  | Screencap via youtube.com/Purely Canada Foods

Eligible Purely Canada claimants receive full payouts

Not all claims against the Saskatchewan-based company were eligible

The Canadian Grain Commission has announced that producers owed money from Purely Canada Foods have been fully compensated, just days after a lender applied to place the company in receivership.




(Manitoba Co-operator file photo by Alexis Stockford)

Drought leaves Canadian farmers unpaid

Failure of unlicensed companies, complaint deadline, insufficient security seen as holes in farm support

Hundreds of Canadian farmers have received delayed payments for their crops or not been paid at all, as a growing number of grain-buying firms declare bankruptcy amid drought and low commodity prices, according to interviews with dozens of farmers, a government agency, and a review of bankruptcy documents.

“But we lost a lot of acres… which suggests to me that some organic guys have let some of their organics land go. And they are growing canola on the side,” says Laura Telford. Photo: Greg Berg

Canadian canola exports surging in 2024/25

China top customer

Canadian canola exports continued to stay far above those in 2023/24, the Canadian Grain Commission reported earlier in January. In the CGC's monthly report those outbound shipments of canola from licensed facilities at the end of November reached 3.84 million tonnes which are up by more than 80 per cent from a year ago.

Loading grain on a vessel at a Burrard Inlet terminal. (Maxvis/iStock/Getty Images)

China, EU account for upswing in Canadian grain, oilseed exports

Total exports through October up more than 18 per cent

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.