China stops buying Canadian canola

China has stopped buying any Canadian canola, says Canola Council of Canada president Jim Everson. “The Chinese are unwilling to purchase Canadian canola (from any company) at this time,” he said Thursday. “Trade that was executed earlier is continuing. New sales are what appears to be affected.” Earlier this month China blocked canola imports from […] Read more

ICE weekly outlook: Little to sustain canola bids in bear market

MarketsFarm — Although there will be some bounces in ICE canola futures, there is very little currently to sustain any increases in bids, according to Errol Anderson of ProMarket Communications. While the market has stabilized for the time being, it’s technically oversold, Anderson said. The market can rebound $5-$10 per tonne, he said, but it’s […] Read more

Fund short position climbs in canola

MarketsFarm — Fund traders were active in the ICE Futures canola market during the week ended Tuesday, adding to their large net short position, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). According to the latest report, managed money and other reportable speculators increased their net […] Read more




Canada working to end China’s canola block, Freeland says

Montreal — The Canadian government is working hard to reopen Richardson International’s Canadian canola markets in China, says Chrystia Freeland, Canada’s minister of foreign affairs. “We’re working closely with Canadian farmers and Canadian industry,” Freeland said in a brief interview after speaking at the Canadian Crops Convention (CCC) here Wednesday. “Our embassy is very focused […] Read more

ICE weekly outlook: China worries keep market trending down

MarketsFarm — Canola futures on the ICE Futures U.S. platform dropped sharply during the week ended Wednesday, hitting their lowest levels in 2-1/2 years. Concerns over declining Chinese demand sparked the latest selloff in canola amid news that the major canola-buying country had blocked shipments from Canada’s Richardson International. Canadian canola exporters have faced problems […] Read more

Richardson disputes China claim of ‘hazardous pests’ in canola

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 […] Read more


China’s block on canola seen as blowback from diplomatic spat

Montreal — Canola industry leaders attending the first Canadian Crops Convention here this week say they don’t know why China has abruptly blocked imports of Canadian canola from Richardson International, Canada’s biggest grain company. But according to a senior Richardson official it’s in retaliation to the diplomatic spat between China and Canada over the arrest […] Read more

China blocks some Richardson canola shipments

Beijing/Kabul | Reuters — China has canceled Canadian agribusiness Richardson International’s registration to ship canola to China, the company said on Tuesday, the latest sign of tensions between Ottawa and Beijing. It was not immediately clear why exports to China by Richardson, the world’s top importer of canola, had been halted. Canada and China are […] Read more