CNS Canada –– ICE Futures Canada canola contracts have trended higher for the past two weeks, with a rally in Chicago Board of Trade soyoil providing an added boost on Wednesday. While the nearby technical signals may be pointing higher, canola is also nearing major chart resistance. The January contract closed Thursday at $527.40 per […] Read more
Tag Archives Canola
Canola nearing chart resistance
Damp, tough canola at risk for spoilage
Some Prairie canola growers may now be able to get back to their unharvested canola, but the Canola Council of Canada warns that tough or damp canola can still be volatile, even at cooler outdoor temperatures. The Saskatchewan agriculture ministry on Wednesday reported “a few” growers in the province’s southeast were out harvesting canola last […] Read more
Harvest woes rally canola, turn some farmers into winners
Winnipeg | Reuters –– As some Western Canada farmers watched rain and snow turn their ripening canola fields into bogs, Rob Stone could count his blessings. Harvest weather was kinder to his farm at Davidson, Sask., about 100 km southeast of Saskatoon, and Stone finished harvesting canola by mid-September. Then, when worries about four million […] Read more
Newfoundland harvests first canola crop
Researchers in Newfoundland are set to test the oil and meal quality of the province’s first-ever canola crop after its harvest on Friday. The 30-acre research plot at Pasadena, N.L., about 30 km east of Corner Brook, “grew exceptionally well, surpassing our researcher’s expectations,” Steve Crocker, the province’s minister of fisheries, forestry and agrifoods, said […] Read more
Canada, China agree to tighten trade ties
Ottawa | Reuters — Canada and China said Thursday they would start exploratory talks on a free trade pact, but gave few details about a possible extradition treaty for Chinese fugitives which has triggered criticism in Canada. Canada’s Liberal Prime Minister Justin Trudeau, elected last year, is trying to improve ties and increase trade with […] Read more
China, Canada resolve canola dispute until 2020
Ottawa | Reuters — Canada and China have agreed on a solution to a trade dispute over $2 billion worth of annual canola sales, lasting to 2020, leaders of the two countries said on Thursday. The solution is “predictable, science-based and stable,” ensuring access for Canadian shipments to China, Canadian Prime Minister Justin Trudeau said […] Read more
China now taking Canadian bone-in beef
China’s premier has announced the country will accept bone-in Canadian beef from cattle under 30 months of age (UTMs) starting today, according to the Canadian Cattlemen’s Association. The expanded access is expected to add another $10 million per year in exports to China in the short term, the CCA said, given that Canada’s beef cattle […] Read more
China raps Ottawa as dispute over canola exports deepens
Ottawa | Reuters — A dispute over $2 billion worth of Canadian canola exports to China intensified on Thursday when Beijing criticized Ottawa’s insistence that bilateral relations could not improve until the matter is settled. The situation threatens to mar Canadian Prime Minister Justin Trudeau’s visit to China next week. “We oppose linking a concrete […] Read more
No resolution on canola dockage rules from talks in China
CNS Canada — Canadian and Chinese officials met in Beijing last week to discuss potential solutions for an upcoming canola trade policy change, but were not able to find a solution ahead of a looming deadline. China’s quarantine authority is set to impose a standard that would allow just one per cent organic waste material […] Read more
Canada, China canola talks end without deal
Winnipeg | Reuters — Talks between Canadian and Chinese officials ended in Beijing without China backing down from plans to toughen its inspection standard for canola, threatening $2 billion in Canadian exports of the oilseed ahead of a visit by Canada’s prime minister. Discussions will continue between the two governments, and resolving the issue is […] Read more
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