With canola export issues still looming large, some Canadian ag industry groups want the federal government to boost its diplomatic presence on the matter. The Canola Council of Canada on Wednesday said a Canadian technical delegation “has not yet been accepted” to travel to China and address Beijing’s recent suspensions of canola imports from two […] Read more
Tag Archives china
Ottawa pressed to consider more options on China’s canola ban
WTO finds for U.S. on crop tariff dispute with China
MarketsFarm — The World Trade Organization (WTO) has ruled largely in favour of the United States in a trade dispute regarding China’s application of tariff rate quotas (TRQs) for wheat, corn and rice. The ruling, issued by the WTO’s Dispute Settlement Body (DSB), stated China did not apply the TRQs on imports of wheat, rice […] Read more
Feed weekly outlook: Barley acreage buoyed despite current prices
MarketsFarm — International demand for Canadian feed barley has been strong thanks to a 2018 growing season drought in Australia that limited exportable supplies. China purchased nearly 950,000 tonnes of Canadian barley in the first seven months of the 2018-19 year, significantly above the five-year average. However, feed markets in general are quite sluggish ahead […] Read more
U.S. grains: Soybeans turn higher after dropping to five-month low
Chicago | Reuters — U.S. soybean futures turned higher on Thursday after dropping to a five-month low on concerns about weak export demand and large harvests in South America. Corn futures ended near unchanged, while wheat futures touched a one-month low on a broadly favourable harvest outlook in the Northern Hemisphere. Positioning ahead of a […] Read more
U.S. livestock: Deferred hog futures set contract highs for fourth day
Chicago | Reuters — U.S. hog futures set new contract highs in deferred months for a fourth consecutive day on Thursday on expectations of increased demand from China, before prices pulled back. Deferred feeder cattle futures also set contract highs. An outbreak of African swine fever in China fueled the temporary advances in deferred hog […] Read more
ICE weekly outlook: Canola sideways, waiting for news
MarketsFarm — ICE Futures canola contracts moved lower during the week ended Wednesday, but remain stuck in a sideways trading range overall waiting for some fresh market-moving news. “April is usually the quietest month of the year for us,” said Ken Ball of PI Financial in Winnipeg. In addition to large world oilseed supplies overhanging […] Read more
CBOT weekly outlook: Bear market aches for bull news
MarketsFarm –– The Chicago Board of Trade (CBOT) is currently a bear-market, according to broker Scott Capinegro of Barrington Commodity Brokers. “It’s like the markets are saying ‘Show me something, we’ll take anything,’ but the bears are winning,” he said, noting there has been almost no news to drive the market in a bullish manner. […] Read more
U.S. grains: Wheat futures edge higher in turnaround from losses
Chicago | Reuters — U.S. wheat futures rose on Wednesday in a rebound from falls to one-month lows a day earlier on the Chicago Board of Trade and contract lows in Kansas City and Minneapolis markets. Soybean futures set a five-month low, while corn futures also eased. Tuesday’s wheat price drop attracted bargain buying and […] Read more
U.S. livestock: Deferred CME hog futures set contract highs
Chicago | Reuters — U.S. hog futures rallied to new contract highs in deferred months on Wednesday on projections that China will accelerate pork imports in the last half of the year, following an outbreak of an incurable swine disease. China is expected to import more pork to fill a hole in protein supplies left […] Read more
Views differ on crop exports to China other than canola
MarketsFarm — Depending on whom one has spoken with, there are differing views as to grain exports to China other than canola. The federal government has stated there have been no export issues outside of canola. “The current actions taken by China are limited to canola seed, and we have not received any indication of […] Read more
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