Source: Phil, MarketsFarm, Producer.com, Octobre 1, 2019 The ICE Futures canola market was stronger on Tuesday, seeing some follow-through speculative buying after Monday’s rally. Harvest delays and quality concerns following recent snow, rain, and cold temperatures across parts of the Prairies remained supportive, according to traders. Continued strength in Chicago Board of Trade soybeans also… Continue reading Harvest delays supporting canola futures
Tag: canola
Rainy weather strengthens canola futures
Source: Markets Farm, September 24, 2019 WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were slightly stronger on Tuesday, as delayed harvest activity provided support to the market. Cold, rainy weather, with the potential for snow in some areas of the Prairies, has significantly delayed harvest progress. Approximately one third of the canola crop… Continue reading Rainy weather strengthens canola futures
Canada taking first formal step at WTO to challenge China’s canola ban
Source: Reuters News Service, September 6, 2019 OTTAWA, Sept 6 (Reuters) – Canada, locked in a major dispute with Beijing, is taking the first formal step at the World Trade Organization to challenge China’s decision to block Canadian canola exports, Trade Minister Jim Carr said on Friday. China, angry at Canada’s detention of a top… Continue reading Canada taking first formal step at WTO to challenge China’s canola ban
Statistics confirm 9% drop in canola tonnes
Source: Robert Arnason, Producer.com, September 5, 2019 Statistics Canada has confirmed what most farmers already know – Canada will produce significantly less canola in 2019. Prairie growers are expected to produce 18.5 million tonnes of canola this year, down 9.3 percent from 20.3 million tonnes in 2018, StatCan said in a production report released in late… Continue reading Statistics confirm 9% drop in canola tonnes
Prairie canola farmers face uncertain market heading into harvest
Source: Tom Vernon, Global News, September 2, 2019 Unresolved trade tensions with China and a large world supply of canola have pushed prices for the valuable crop down as producers head into their fields for the fall harvest. “We’re hoping that turns around — the situation with the exporting,” said Joe Bendoritis, who farms south… Continue reading Prairie canola farmers face uncertain market heading into harvest
Canola’s new market: Europe?
Source: Sean Pratt, Producer.com, August 15, 2019 The European Union is increasingly looking like it could be the saviour for the Canadian canola industry in 2019-20. When it first appeared that the EU’s rapeseed crop was in trouble, analysts were forecasting it could maybe take a few hundred thousand additional tonnes. These days analysts are… Continue reading Canola’s new market: Europe?
Canola growers advised to moderate price expectations
Source: Sean Pratt, Producer.com, July 30, 2019 LANGHAM, Sask. — Reduced acres, a dry spring and a cool summer will result in a small canola crop but don’t expect a price rally, say analysts. Bruce Burnett, director of markets and weather with MarketsFarm, forecasts an average Canadian yield of 38.6 bushels per acre, which would… Continue reading Canola growers advised to moderate price expectations
Canola futures drop sharply
Source: Phil Franz-Warkentin, Producer.com, June 25, 2019 Winnipeg (MarketsFarm) – The ICE Futures canola market was down sharply on Tuesday, breaking below nearby chart support as speculators turned to the sell side. Recent rainfall across Western Canada accounted for some of the selling pressure, as dryness concerns have alleviated somewhat. Losses in Chicago Board of… Continue reading Canola futures drop sharply
Enbridge seeks court ruling on Great Lakes oil pipeline deal
Source: John Flesher, The Associated Press, June 7, 2019 TRAVERSE CITY, Mich. — Enbridge Inc. said Thursday it will go to court after failing to strike a deal with Michigan Gov. Gretchen Whitmer on building an oil pipeline tunnel beneath the channel that connects Lakes Huron and Michigan. The Canadian company said it will ask… Continue reading Enbridge seeks court ruling on Great Lakes oil pipeline deal
China ‘inventing excuses’ to block shipments of Canadian canola, Trudeau says
Source: The Canadian Press, June 7, 2019 PARIS – Prime Minister Justin Trudeau says China is “inventing excuses” to block imports of Canadian canola. Speaking at a press conference Friday with French President Emmanuel Macron, Trudeau used his toughest language yet over the Chinese government’s decision to reject Canadian canola on the grounds that inspectors… Continue reading China ‘inventing excuses’ to block shipments of Canadian canola, Trudeau says