Markets
WINNIPEG – ICE Futures canola contracts were weaker significantly the end of trading on Friday, due to comments from the Canola Council of Canada. The council issued a press release on Thursday after the markets closed, which said China had ceased purchasing canola from Canada. While previous contracts were being fulfilled, all new sales to […] Read more
Markets
China’s action send canola down
Canola fund short position continues to grow: report
Winnipeg – Fund traders remained on the short side in the ICE Futures canola market during the week ended March 19, adding to their large net short position, according to the latest Commitment of Traders (CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC). According to the latest report, managed money and […] Read more
China drops the other shoe – on Canadian canola
Not much for Canada to do but carry on building new markets
It looks like China has dropped the other shoe, after first treading into the trade war area three weeks ago. China stops buying Canadian canola. It’s no longer just Richardson International that’s prevented from selling Canadian canola to China. While the Chinese customs authority does not appear to have explicitly banned Canada’s canola from being […] Read more
China stops buying Canadian canola
China has expanded its restriction on buying canola from one company to all Canadian exporters, says Canola Council of Canada president Jim Everson. The move follows a decision by Chinese officials earlier this month to stop buying canola from Richardson International, Canada’s largest grain company. The canola council posted a notice on its website on […] Read more
Canola makes strong gains
WINNIPEG – ICE Futures canola contracts made strong gains at the end of trading on Thursday. The Canadian dollar remained under 75 U.S. cents for most of Thursday, as lower crude oil prices weighed on values. The slide in the dollar was not felt until late in trading. Changes in the loonie often do not […] Read more
Strong beef demand continues to keep industry healthy
RED DEER — The story of Canada’s shrinking cow herd is getting repetitious yet the industry continues to do reasonably well thanks to good demand for beef. “Consumers still spend a lot of money on beef. It is their number one protein expenditure,” said Brian Perillat of Canfax. Consumption has grown for the last three […] Read more
Tension with China also worries flax
China buys a lot of Canadian flax, and an analyst says farmers can’t afford to lose market share to political issues
Canada’s concerns about sales to China go beyond canola, says market analyst Marlene Boersch. More than half of Canadian flax exports so far this year have gone to China, and Boersch said farmers can’t afford to lose market share to political issues. China can source most crops, including flax, from other suppliers. “It is possible […] Read more
Canada needs to find like-minded nations on trade field
Canada is avoiding being a naive boy scout, resisting the temptation to play bully, and trying to find a way to be a canny survivor. For Canadian farmers, exporting has suddenly become vexatious. Figuring out how to move forward without being a sucker or a fool is one of the keys to future Canadian farm […] Read more
Feds must be guard dog protecting against hog disease
When we think of dogs in agriculture the first image might be a shepherd guarding a flock of sheep. But in Canada right now a more important canine is the stalwart sniffer dog at airports, protecting the nation’s multibillion-dollar pork industry. The federal government is engaging admirably to protect this country’s herd from the threat […] Read more
Feds take African swine fever action
Extra sniffer dogs will look for illegal meat products and the CFIA makes zoning plans in case disease found here
There will be more dogs sniffing luggage and passengers at Canadian airports in coming years as Agriculture Canada and the Canadian Food Inspection Agency seek to block African swine fever. Federal Agriculture Minister Marie-Claude Bibeau announced plans March 14 to add 24 sniffer dogs to the 15-dog complement already on the job. The increase will […] Read more
