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Grain Markets, Markets

Snowbound farmers’ reduced sales drag on canola values

Unfounded intel suggesting a breakthrough on the canola ban was briefly supportive

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Cold spring temperatures and a late snowstorm depressed canola markets during the week ended April 3. While nearby contract prices started the week with relative strength, that petered out by midweek when an impressive amount of snow fell in eastern Saskatchewan and western Manitoba. That, combined with cold temperatures, discouraged some farmer selling and sidelined some trading activity. Earlier in the week,
A once-reliable trading partner is throwing its weight around again.
News, Oilseeds

China decrees dockage reduction

The country has also indicated it will continue its lacklustre buying of canola

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For a few hours last week Canadian farmers thought they were getting back China. In a world grappling with a global pandemic, the return of their biggest canola seed customer was a shot of good news. But the news report saying that was wrong, dashed their hopes. Instead what they got was another turn of
The Chinese/canola puzzle
News, Oilseeds

The Chinese/canola puzzle

What’s really behind the canola ban?

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Huawei, dockage or both? When it comes to China’s strategy on Canadian canola seed it’s anyone’s guess to which takes precedence. “Who knows how much weight is given to the dockage issue,” Canadian Canola Growers Association president and CEO Rick White said in an interview March 31. “I think they just want to control it.
A man walks with his pet dog as he talks to a vendor who sells dog meat at a market during the local dog meat festival at Yulin in China’s Guangxi Autonomous Region on June 21, 2018. (File photo: Reuters/Tyrone Siu)
Livestock, Other

China reclassifies dogs as pets, not livestock

New guidelines drafted in post-virus regulatory push

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Shanghai | Reuters — China has drawn up new guidelines to reclassify dogs as pets rather than livestock, the agriculture ministry said, part of a response to the coronavirus outbreak that the Humane Society called a potential “game changer” in animal welfare. Though dog meat remains a delicacy in many regions, the ministry of agriculture
(Gassen/iStock/Getty Images)
Crops, Markets

China yet to resume all canola imports from Canada, officials say

No correction measures yet shown, Chinese foreign ministry says

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Beijing | Reuters — China has yet to resume all canola imports from Canada, the foreign ministry said on Friday, after suspensions were imposed on some suppliers last year. Canola imports from some Canadian exporters were suspended by China because of quality reports and it has not received any correction measures, so imports have not
CBOT May 2020 wheat with Bollinger (20,2) bands. (Barchart)
Crops, Markets

U.S. grains: Wheat firms after four-day slide

Corn hits 3-1/2-year low

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Chicago | Reuters — U.S. wheat futures rose on Friday, bouncing after a four-day slide, as traders weighed the threat of a deep economic downturn due to the coronavirus epidemic against supply tensions in some exporting countries. Corn extended a six-day drop, with May futures hitting the lowest for a most-active contract since September 2016,
ICE May 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Canola loses strength at midweek

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MarketsFarm — ICE Futures canola contracts succumbed to pressure from comparable vegetable oils at midweek, after showing strength earlier in the week. Ken Ball of P.I. Financial said lower soyoil values put canola “under tremendous pressure.” Nearby soyoil contracts were down by about a penny on Wednesday. Earlier in the week, rumours swirled regarding the
(Photo courtesy Canola Council of Canada)
Crops, Markets

Canola dockage agreement with China expires, but limited exports to continue

Most remaining shipments meet Beijing's requirement

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Exports of Canadian canola seed exports to China will continue, at the same reduced pace seen since March last year — but only if it contains less than one per cent dockage. A memorandum of understanding (MOU) between the two countries allowing higher dockage ends Tuesday (March 31), a Canadian government official said in an

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