As canola futures find some ground on the Intercontinental Exchange during the week ended Sept. 24, the Canadian oilseed’s path will soon be a steady decline. That’s the assessment from Tony Tryhuk, trader with RBC Dominion Securities in Winnipeg.
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ICE Canada Weekly: Pressure on canola is coming
Carney expects ‘constructive’ trade talks with China to deepen
Prime Minister Mark Carney said he had “constructive” trade talks with Chinese Premier Li Qiang on the sidelines of the U.N. assembly in New York and covered agri-food products like canola as well as seafood and electric vehicles.
China trade envoy meets US Midwest delegation as agriculture exports loom large in talks
Senior Chinese trade negotiator Li Chenggang met political and business leaders from the U.S. Midwest. Analysts speculate the region’s food exports will be key to any U.S.-China trade deal.
Argentina throws wrench into China-U.S. soybean trade says Cordonnier
In an unexpected move, Argentina has seriously disrupted any possible new crop soybean purchases to be made by China from the United States, said analyst Michael Cordonnier of Soybean and Corn Advisor Inc. in Hinsdale, Ill.
China snaps up Australian canola after trade spat with Canada, sources say
Chinese state trading firm COFCO has bought up to nine 60,000-metric-ton cargoes of Australian canola, three trade sources told Reuters, after Beijing last month imposed preliminary anti-dumping duties on imports of the oilseed from traditional supplier Canada.
Survey says Canadians support canola producers over EV tariffs
The majority of Canadians are in favour of lowering tariffs on Chinese electric vehicles if it would help improve market access for Canadian canola according to new data from the Angus Reid Institute.
Beijing urges top hog producers to cut output, state media says
China has called on its top hog producers to “take the lead” in cutting output, state-run Shanghai Securities News reported on Thursday, as the country battles a supply glut and sluggish consumer demand in its massive pork sector.
Vietnamese feed makers buying Canadian canola meal after China duties, sources say
Feed millers in Vietnam are taking advantage of bargain prices with rare purchases of Canadian canola meal after China imposed hefty tariffs on the oilseed.
Moe says China trip laid ground work
Saskatchewan premier says signals of moving forward on canola tariffs can be seen in moves from Chinese and Canadian governments
Canada had constructive talks with China over canola dispute, Ottawa says
Canadian officials had constructive talks with their Chinese counterparts about Beijing’s tariffs on canola during a recent visit, Prime Minister Mark Carney’s office said in a statement on Friday.