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Blooming rapeseed field at sunset
Grain Markets, Markets

Supply-side limitations won’t support canola indefinitely

Canola recovered some of its losses over the past week

By
Until tensions between Canada and China are alleviated, there will continue to be little demand for canola. Usually taking 40 per cent of the canola Canada grows, China is the country’s most important customer for that crop. Japan is a distant second and while lowered canola prices have become attractive to other buyers, it remains
Editorial, Opinion

Editorial: Solution to canola dispute easier said than done

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There’s been more than a little talk lately that the federal government needs to “get on a plane,” head to China and sort this canola situation out. That is an understandable sentiment with obvious appeal to human nature, which favours obvious action on pressing issues, the act of being seen to “do something.” But the
“Not only do they (China) have shrinking demand for international grains and oilseeds because
of their hog industry, they’re supposed to buy more stuff from the U.S. It’s another convenience that might drive them in the direction of protectionism.” – Richard Gray
News

Why a Canadian canola delegation isn’t in China

As of last week the Chinese government hadn’t agreed to a tête-à-tête

By
It takes two to tango. That’s why Canada hasn’t sent a ministerial-level trade delegation to restore Canadian canola exports to China. An official in a position to know says the Chinese government hasn’t agreed to such a meeting. However, the official speaking for background, said Canadian and Chinese government officials have been communicating via teleconferencing.
ICE May 2019 canola with Bollinger (20,2) bands, a gauge of market volatility. (Barchart)
Crops, Markets

ICE weekly outlook: Canola bearish with or without China

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MarketsFarm — ICE Futures canola contracts saw a modest correction off of major support over the week ended Wednesday, but the longer-term trend remains pointed lower with large old-crop supplies and uncertain export prospects overhanging the market. Canadian canola exports to China are effectively non-existent right now, with the absence of that major customer casting
Agriculture Minister Marie-Claude Bibeau, shown here visiting Cigi in Winnipeg on March 13, said a third unnamed canola exporter has run afoul of Chinese customs officials. (Dave Bedard photo)
Crops

Third canola exporter runs into trouble in China

By ,
Ottawa | Reuters –– Chinese authorities have filed a quality complaint against a third Canadian exporter of canola, Canada’s agriculture minister said on Tuesday, potentially deepening a trade and diplomatic dispute between Beijing and Ottawa. Early last month, China cited the discovery of pests as the reason for blocking shipments of canola seed from Richardson

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