China is buying increasing volumes of canola oil and meal from Canada, says Chris Vervaet, executive director of the Canadian Oilseed Processors Association.

New record for Canadian canola crushing in 2018-19

TRADE Back-to-back record canola crushing is unlikely to result in increased crushing capacity due to trade uncertainty

China all but stopped importing Canadian canola seed in March, but it’s buying more Canadian canola oil and meal than ever. Meanwhile, Canadian processors crushed a record 9.295 million tonnes of canola seed during the 2018-19 crop year, ending July 31, Statistics Canada figures show. That’s up 0.3 per cent, or 26,000 tonnes, from the


Canada's exports of major crops reached 44.6 million tonnes, up from 41.9 million in 2017-18.

New record for Canadian crop exports in 2018-19

trade It came despite a huge drop in canola seed export, 
which record wheat sales helped offset

Canada exported a record 44.6 million tonnes of major crops when the 2018-19 crop year ended July 31, up six per cent from the previous record of 41.9 set last crop year, according to Canadian Grain Commission (CGC) statistics. “If there is potential for profit farmers will grow the crop,” Keystone Agricultural Producers president Bill

CBOT November 2019 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soybeans sag on demand worries

Chicago | Reuters — U.S. soybean futures fell more than one per cent on Thursday on concerns about burdensome supplies and weak export demand as the U.S. trade war with China continues, analysts said. Wheat futures rose on short-covering and worries about drought in Australia, and corn edged higher, despite bearish weekly U.S. ethanol statistics.



Dominic Barton. (Video screengrab from McKinsey.com)

Industry groups hail appointment of new China envoy

Ottawa | Reuters — Canada has appointed veteran business consultant Dominic Barton as ambassador to China, Prime Minister Justin Trudeau said on Wednesday, as the government grapples with a major diplomatic and trade dispute between the nations. Barton, 56, a Ugandan-born Canadian who stepped down as global managing partner of consulting firm McKinsey and Co.



CBOT December 2019 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn extends slide on crop prospects

Chicago | Reuters –– Chicago corn futures fell for a third straight session on Wednesday, setting life-of-contract lows as improving crop ratings and benign weather forecasts raised confidence in U.S. harvest prospects, traders said. Wheat rose, with benchmark Chicago wheat rebounding from a three-month low set a day earlier and K.C. and Minneapolis hard wheat



EU can pick up canola market slack

EU can pick up canola market slack

Canada could export up to two million tonnes of canola seed to the European Union (EU) this crop year, more than doubling normal shipments, but Canadian canola farmers must first be certified as ‘sustainable.’ For most Canadian farmers the process won’t be difficult. That’s the message the Canola Council of Canada (CCC) delivered during a