Winnipeg | Reuters — Crop handler Paterson Grain will take a more cautious approach to selling canola to Chinese buyers for the near term, after China said it would toughen its standard on canola shipments from Canada, the CEO of parent Paterson GlobalFoods said. China’s quarantine authority, AQSIQ, told Ottawa last week it would allow […] Read more
Tag Archives Canola
Paterson taps brakes on China canola sales
Blackleg, big stocks seen behind China-Canada canola conflict
Reuters — A “scientific disagreement” between Canada and China over the risk of transmitting the blackleg fungus is behind China’s move to raise its standard for Canadian canola imports, an industry official involved in discussions said. But some traders say the real reason for a higher standard that may slow Chinese imports is the country’s […] Read more
Canola testing chart support
CE Futures Canada canola contracts settled at their weakest levels in over a month on Oct. 29, and could be poised for further losses from a chart standpoint. The most active January contract settled at $471.20 per tonne on Oct. 29, which was below all of the major moving indicators and the weakest level for […] Read more
Scorching heat delays India’s rapeseed sowing
Mumbai / Reuters – Above-normal temperatures have delayed rapeseed sowing in India’s top producing region by more than a fortnight and restricted acreage expansion, even though prices are trading near record highs, industry officials said. The delays are helping support rapeseed prices and could force the world’s biggest edible oil importer to increase overseas purchases of […] Read more
Three young Alta. sisters lost to grain truck mishap
Rocky Mountain House | AFE — A community in central Alberta is in mourning following the deaths of three young sisters in a grain truck mishap on Tuesday night. “This is hitting us all very hard. Frontline responders are routinely called out to sad situations, but things are always harder when there’s children involved,” said […] Read more
Three Alta. girls smothered in truckload of canola
Two 11-year-old girls and a 13-year-old girl have died after being smothered in a truckload of canola on a farm in western Alberta, according to RCMP and local media. Rocky Mountain House RCMP said late Tuesday they were called at about 6:15 that evening to a farm near Withrow, about 60 km west of Red […] Read more
Weekly canola crush hits new record
CNS Canada –– Canola oil is flowing freely in Western Canada, with domestic processors crushing more canola in a single week than ever before, according to the latest data from the Canadian Oilseed Processors Association (COPA). The weekly canola crush hit 184,493 tonnes during the week ended Wednesday, which is more than 10,000 tonnes above […] Read more
Dawson: Ag exporters applaud historic TPP deal
Export-oriented Canadian farmers are giving the Trans-Pacific Partnership (TPP) agreement reached in Atlanta on Monday two thumbs up. The deal, which remains to be debated in Canada’s House of Commons and could take more than a year to be ratified by all 12 member countries, will see tariffs on Canadian products in those markets eliminated […] Read more
Producer groups lobby for TPP deal in Atlanta
Several Canadian grain and livestock commodity groups have representatives in Atlanta this week pressing for federal negotiators to keep Canada in play on the Trans-Pacific Partnership. Trade ministers from the 12 TPP countries — also including the U.S., Mexico, Japan, Australia, New Zealand, Chile, Peru, Vietnam, Malaysia, Singapore and Brunei Darussalam — are meeting in […] Read more
ICE weekly outlook: More losses in store for canola
CNS Canada — ICE Futures Canada canola contracts were mixed during the week ended Wednesday, with losses in the most active November contract but a slightly firmer tone in the more deferred positions. With harvest pressure only beginning in Western Canada, and the U.S. soy complex looking bearish, the front month will likely keep drifting […] Read more
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