Tariff threats from United States President Donald Trump have the canola market on edge.
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ICE Weekly: Tariff threats linger over canola market
Trump tariffs could sink canola prices
Upswings in most December grain deliveries
Declines in rye, flax
Deliveries of major grains increased from December to December, according to data released by Statistics Canada on Jan. 29.
December canola crush pushes higher
Canola crush exceeds 1 million tonnes
Data released by Statistics Canada on Jan. 29 showed the December crush of canola and soybeans came in higher than a year ago.
U.S. threatening Canada’s canola oil industry
Chinese used cooking oil another threat
Canada's canola oil industry is facing two threats from the United States, said Chris Vervaet, executive director of the Winnipeg-based Canadian Oilseed Processors Association.
Tariff threat already disrupting ag trade
Glacier FarmMedia — In 2023, Canada shipped $8.6 billion worth of canola products to the United States. The vast majority of that was canola oil and meal, which was valued at $8.3 billion. However, those exports were disrupted in the first couple of weeks of January as canola crushers on the Prairies waited on the
Canola prices in a pickle
Canola markets are facing pressure from trade action as Trump tariffs loom, even as supplies tighten
Threatened Trump tariffs have slipped canola prices into a predicament. The commodity’s futures on the Intercontinental Exchange are at a point where values could quickly plummet or spike higher.
ICE Canada Weekly: Canola facing ‘extreme uncertainties’ says trader
Excluded from U.S. biofuel tax credits, facing tighter supplies
The path canola is to take as January turns to February has been marked by “extreme uncertainties,” explained broker Ken Ball of Ventum Financial in Winnipeg.
Bunge-Viterra deal ‘effectively ends competition’ says NFU
Feds’ conditions not near enough to alleviate concerns
The National Farmers Union denounced the approval of the Bunge-Viterra merger in a statement released on Jan. 17. The NFU said the multi-billion dollar deal “effectively ends competition in Canada’s agricultural commodity sector,” as it creates the world’s largest agricultural commodity trader, and it will control 40 per cent of the Canadian grain market.
ICE canola weekly outlook: Outside forces supportive
ICE Futures canola market traded within a wide range during the week ended Jan. 15, hitting its strongest levels since November at one point before backing away from those highs.
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.