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Canola bids have fluctuated a fair bit this last week.
Grain Markets, Markets

China one of several factors keeping canola bids in flux

Canola’s narrative today resembles that of U.S. soybeans

By
Being the world’s second-largest economy, there is no doubt China has a lot of economic clout. Every tidbit of news or rumour regarding China has been able to drive prices up or down within minutes — and this past week was no different. There are strong similarities between what has been happening with canola and
Editorial, Opinion, Other

Editorial: A valuable question

By
The Irish writer and humorist Oscar Wilde once famously noted that a cynic is one who “… knows the price of everything, and the value of nothing.” Wilde wrote those words in the play “Lady Windemere’s Fan” more than 125 years ago, as a rebuttal to what he saw as the growing cynicism of the
Blooming canola field at sunset
News, Oilseeds

Canola council moving on without Richardson

Outgoing chair optimistic about the future of canola and the CCC

By
When Richardson International, Canada’s largest grain company, ceased being among the Canola Council of Canada’s (CCC) core funders last year, it raised questions about the group’s future. But after a lot of hard work in 2018 reviewing its operations and setting new priorities, the CCC is in good shape, outgoing chair David Dzisiak told reporters
barbed wire fence and canola field
News, Oilseeds

Canada rallies to restore Richardson canola exports to China

The Chinese say the ban is due to pests, but Canadians blame Huawei spat

By
China says it banned imported Canadian canola from Richardson International because of pests, but Canadians suspect it’s politics. China condemns Canada’s decision last fall to detain one of its citizens, Huawei vice-president Meng Wanzhou, at the request of U.S. government on alleged fraud charges and demands she be released. “Well, that’s obviously one of the issues
News, Oilseeds

Provincial ministers discussing China’s ban on imports of Richardson’s canola

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The Manitoba government issued a statement supporting the province’s canola industry in the wake of China’s ban of the crop shipped through Richardson International whose headquarters are in Winnipeg. “Canola is a key driver of the agriculture industry in this province and in this country, and is Manitoba’s second-largest export product to China,” Growth, Enterprise
Canola has lost roughly $30 per tonne on the markets over the past month.
Grain Markets, Markets

Rumours become reality as China curbs canola demand

Traders also have a wary eye on U.S. Midwest weather

By
Canola futures fell hard during the week ended March 8, hitting their lowest levels in more than two years as concerns over Chinese demand came to the forefront. Over the past few months, rumblings that Chinese demand was waning and Canadian exporters were facing extra hurdles moving canola to the country had been growing louder.
Editorial: Politics as usual
Editorial, Opinion

Editorial: Politics as usual

By
It’s tempting to ask the Chinese government to pull the other leg now. As anyone who grows canola is likely aware by now, Canada’s largest single customer for canola, accounting for 40 per cent of this country’s exports, threw a monkey wrench into Prairie export canola. Officials quietly banned imports from Richardson International, Canada’s largest
A rapeseed field in southern China’s Yunnan province. (YuenWu/iStock/Getty Images)
Crops

Richardson disputes China claim of ‘hazardous pests’ in canola

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Beijing/Chicago | Reuters — Canadian agribusiness Richardson International said on Wednesday that canola it shipped to China met regulatory requirements after a Chinese official charged that “hazardous pests” were found in samples taken recently from Canadian canola imports. Beijing this month cancelled Richardson’s registration to ship Canadian canola to China, the world’s top importer of
Richardson’s International’s purchase of major U.S. vegetable oil brand Wesson is an important deal for Canada’s largest grain company, says its senior vice-president corporate affairs and general counsel Jean-Marc Ruest.
News

Richardson International buying Wesson veg oil brand

The deal expands Richardson’s canola oil presence in the U.S.

By
Richardson International, Canada’s largest grain company and major canola crusher, is purchasing Wesson, the United States’ largest vegetable oil brand, from Conagra. It’s a big deal for Richardson and Canadian canola growers, Jean-Marc Ruest, Richardson International’s senior vice-president corporate affairs and general counsel, wrote in an email Dec. 19. “Very beneficial, in our opinion, to

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